American States Water Co (AWR) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.32. The company posted revenue of $93.50 million in the period, compared to analysts expectations of $104.88 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on American States Water Co. American States Water Co was Downgraded by Ladenburg Thalmann to ” Sell” on Feb 26, 2016.
American States Water Co opened for trading at $41.66 and hit $42.86 on the upside on Monday, eventually ending the session at $42.81, with a gain of 2.69% or 1.12 points. The heightened volatility saw the trading volume jump to 2,14,700 shares. Company has a market cap of $1,564 M.
In a different news, on May 3, 2016, Denise L Kruger (Sr. Vice President) sold 500 shares at $41.66 per share price. According to the SEC, on Apr 6, 2016, Lloyd E Ross (director) sold 500 shares at $39.62 per share price. On Mar 8, 2016, Gladys Farrow (Vice President) sold 845 shares at $41.69 per share price, according to the Form-4 filing with the securities and exchange commission.
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services Inc. (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS) Terrapin Utility Services Inc. (TUS) Old Dominion Utility Services Inc. (ODUS) Palmetto State Utility Services Inc. (PSUS) and Old North Utility Services Inc. (ONUS)). The Company operates in three segments: water electric and contracted services. Within the segments AWR has two business units water and electric service utility operations conducted through GSWC and contracted services conducted through ASUS and its subsidiaries. FBWS TUS ODUS PSUS and ONUS may be referred to collectively as the Military Utility Privatization Subsidiaries. GSWC is a California public utility company engaged in the purchase production and distribution of water in 75 communities in 10 counties in the State of California.