Artesian Resources (ARTNA) Expected to Announce Quarterly Earnings on Wednesday

Artesian Resources (NASDAQ:ARTNA) is projected to issue its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $25.00 million for the quarter.

Artesian Resources Stock Performance

ARTNA stock opened at $33.01 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07. The company has a 50 day moving average price of $31.17 and a 200 day moving average price of $33.70. Artesian Resources has a fifty-two week low of $29.45 and a fifty-two week high of $41.29. The stock has a market capitalization of $339.94 million, a PE ratio of 16.93 and a beta of 0.19.

Artesian Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.3014 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.21 dividend on an annualized basis and a yield of 3.65%. Artesian Resources’s dividend payout ratio is presently 61.54%.

Artesian Resources Company Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.