York Water Co (YORW) Releases Earnings Results, Misses Expectations By $-0.01 EPS

York Water Co (YORW) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.19 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.20. The company posted revenue of $11.30 million in the period, compared to analysts expectations of $11.33 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

York Water Co opened for trading at $29.76 and hit $30.19 on the upside on Monday, eventually ending the session at $30.07, with a gain of 1.42% or 0.42 points. The heightened volatility saw the trading volume jump to 49,089 shares. Company has a market cap of $386 M.

In a different news, on Apr 18, 2016, John H Strine (Vice President – Operations) purchased 69 shares at $28.50 per share price. According to the SEC, on Apr 18, 2016, Mark S Snyder (Vice President – Engineering) purchased 33 shares at $28.50 per share price. On Apr 18, 2016, Kathleen M Miller (Chief Financial Officer) purchased 152 shares at $28.50 per share price, according to the Form-4 filing with the securities and exchange commission.

The York Water Company is an investor-owned water utility in the United States. The Company impounds purifies and distributes water. The Company owns and operates two wastewater collection and treatment systems. The Company operates within its franchised territory which covers 39 municipalities within York County Pennsylvania and eight municipalities within Adams County Pennsylvania. The Company’s wastewater operations include portions of three municipalities in York County Pennsylvania. It obtains its water supply from both the South Branch and East Branch of the Codorus Creek which together have an average flow of 73 million gallons per day. The Company has two reservoirs Lake Williams and Lake Redman which together hold up to approximately 2.2 billion gallons of water. The Company’s water filtration plant is located in Spring Garden Township about one-half mile south of the City of York.

York Water Co

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