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Artesian Resources (ARTNA) Q2 Earnings Surpass Estimates
ZACKS· 2025-08-04 23:00
Group 1 - Artesian Resources reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.56 per share, and up from $0.52 per share a year ago, representing an earnings surprise of +8.93% [1] - The company posted revenues of $28.55 million for the quarter ended June 2025, which missed the Zacks Consensus Estimate by 1.56%, but was an increase from $27.42 million year-over-year [2] - Artesian Resources has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] Group 2 - The stock has added about 3.8% since the beginning of the year, underperforming compared to the S&P 500's gain of 6.1% [3] - The current consensus EPS estimate for the coming quarter is $0.69 on $30 million in revenues, and for the current fiscal year, it is $2.16 on $113 million in revenues [7] - The Utility - Water Supply industry, to which Artesian Resources belongs, is currently in the top 35% of Zacks industries, suggesting a favorable outlook for the sector [8]
Artesian Resources (ARTNA) Could Be a Great Choice
ZACKS· 2025-06-04 16:51
Company Overview - Artesian Resources (ARTNA) is a water resource management company headquartered in Newark, with a year-to-date price change of 8.55% [3] - The company currently pays a dividend of $0.31 per share, resulting in a dividend yield of 3.58%, which is significantly higher than the Utility - Water Supply industry's yield of 2.45% and the S&P 500's yield of 1.54% [3] Dividend Performance - Artesian Resources has an annualized dividend of $1.23, reflecting a 4.1% increase from the previous year [4] - Over the past five years, the company has increased its dividend five times, achieving an average annual increase of 4.17% [4] - The current payout ratio stands at 58%, indicating that the company distributes 58% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - The Zacks Consensus Estimate for Artesian Resources' earnings in 2025 is projected at $2.16 per share, with an expected increase of 9.09% compared to the previous year [5] Investment Consideration - Artesian Resources is positioned as an attractive investment opportunity due to its strong dividend yield and a Zacks Rank of 1 (Strong Buy) [7]