During the last session, American States Water Co. (NYSE:AWR)’s traded shares were 0.9 million, with the beta value of the company hitting 0.49. At the end of the trading day, the stock’s price was $84.42, reflecting an intraday loss of -0.15% or -$0.13. The 52-week high for the AWR share is $85.71, that puts it down -1.53 from that peak though still a striking 21.78% gain since the share price plummeted to a 52-week low of $66.03. The company’s market capitalization is $3.16B, and the average intraday trading volume over the past 10 days was 0.22 million shares, and the average trade volume was 212.65K shares over the past three months.
American States Water Co. (AWR) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.00. AWR has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.98.
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American States Water Co. (NYSE:AWR) trade information
American States Water Co. (AWR) registered a -0.15% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.15% in intraday trading to $84.42, hitting a weekly high. The stock’s 5-day price performance is 1.56%, and it has moved by 3.35% in 30 days. Based on these gigs, the overall price performance for the year is 3.27%. The short interest in American States Water Co. (NYSE:AWR) is 0.37 million shares and it means that shorts have 1.83 day(s) to cover.
The consensus price target of analysts on Wall Street is $89.5, which implies an increase of 5.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $87 and $92 respectively. As a result, AWR is trading at a discount of -8.98% off the target high and -3.06% off the low.
American States Water Co. (AWR) estimates and forecasts
Statistics show that American States Water Co. has underperformed its competitors in share price, compared to the industry in which it operates. American States Water Co. (AWR) shares have gone up 18.09% during the last six months, with a year-to-date growth rate less than the industry average at 6.32% against 13.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 15.30% this quarter and then jump 5.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 161M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 126M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.31%. While earnings are projected to return 6.32% in 2024, the next five years will return 4.40% per annum.
AWR Dividends
American States Water Co. is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for American States Water Co. is 1.76, with the dividend yield indicating at 2.08 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.74%.
American States Water Co. (NYSE:AWR)’s Major holders
American States Water Co. insiders own 0.83% of total outstanding shares while institutional holders control 79.89%, with the float percentage being 80.56%. BLACKROCK INC. is the largest shareholder of the company, while 481.0 institutions own stock in it. As of 2024-06-30, the company held over 6.61 million shares (or 17.8521% of all shares), a total value of $479.73 million in shares.
The next largest institutional holding, with 4.72 million shares, is of VANGUARD GROUP INC’s that is approximately 12.7549% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $342.76 million.
