American States Water’s (AWR) strategic investments in infrastructure upgrades will allow it to provide quality services to its expanding customer base. Given its growth opportunities, AWR makes for a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment option at the moment.Growth ProjectionsThe Zacks Consensus Estimate for AWR’s 2024 earnings per share (EPS) has moved 1.7% north to $3.01 in the past 60 days.AWR’s long-term (th ...

American States Water Company’s (AWR) regular investments in upgrades are strengthening its infrastructure. The company has a strong utility customer base, which is increasing the demand for its services.However, this Zacks Rank #2 (Buy) company’s excessive reliance on a single state for a significant portion of its earnings acts as a headwind.TailwindsAmerican States Water has a sturdy utility customer base, and most importantly, it is increasing its electricity and water utility customer base at a slow bu ...

Investors interested in Utility - Water Supply stocks are likely familiar with Primo (PRMW) and American States Water (AWR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive ear ...

One stock that might be an intriguing choice for investors right now is American States Water Company (AWR) . This is because this security in the Utility - Water Supply space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking plac ...

Investors looking for stocks in the Utility - Water Supply sector might want to consider either Primo (PRMW) or American States Water (AWR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive est ...

American States Water Company (NYSE:AWR) Q4 2023 Earnings Conference Call February 22, 2024 2:00 PM ET Company Participants Robert Sprowls - CEO, President and Director Eva Tang - SVP, Finance, CFO, Corporate Secretary and Treasurer Conference Call Participants Gregg Orrill - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to the American States Water Company Conference Call discussing the company's Fourth Quarter and Full Year 2023 Results. The call is being recorded. If you would lik ...

American States Water Company (AWR) reported fourth-quarter 2023 operating earnings per share (EPS) of 55 cents, which beat the Zacks Consensus Estimate of 53 cents by 3.8%. The bottom line increased 10% from the year-ago quarter’s 50 cents.Earnings per share for 2023 were $2.85, up 27.2% year over year from the $2.24 reported in 2022.Total RevenuesOperating revenues came in at $125.2 million, missing the Zacks Consensus Estimate of $132 million by 2.2%. The top line is also a tad lower than $125.3 million ...

American States Water (AWR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.77%. A quarter ago, it was expected that this water and electric utility would post earnings of $0.82 per share when it actually produced earnings of $0.85, delivering a surprise of 3.66%.Over the last four ...

3M (MMM 0.62%), American States Water Company (AWR -0.13%), and Coca-Cola (KO 2.21%) may not have much in common as companies. But as investments, all three companies are Dividend Kings that have paid and raised their payouts for at least 60 years -- making them some of the longest-tenured members of the group.However, all three stocks have also lost value over the last year, while the S&P 500 is up 22.7%. A single-digit dividend yield isn't going to be that appealing if a stock is underperforming by that m ...

Exhibit 99.1 American States Water Company Announces Fourth Quarter and Full Year 2023 Results • 10% increase (or $0.05 per share) in recorded fourth quarter 2023 consolidated diluted EPS compared to fourth quarter of 2022 • $1.25 per share increase in reported consolidated diluted EPS for full year 2023 compared to 2022, or $0.41 per share increase as adjusted (discussed later) ◦ Regulated utilities spent $175.7 million in company-funded capital expenditures in 2023, a historic high; and filed a new genera ...