Revenue Update on American States Water Co(NYSE:AWR)

American States Water Co(NYSE:AWR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $111.95M. Analysts estimated a revenue of $113.01M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.44.

In a different note, On May 20, 2016, Barclays said it Maintains its rating on American States Water Co. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Underweight’ by the firm. On May 11, 2016, Ladenburg Thalmann said it Upgrades its rating on American States Water Co. The shares have been rated ‘Neutral’ by the firm.

American States Water Co (AWR) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.26% at a volume of 73,860. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.46. The peak price level was also seen at $42.46 while the days lowest was $41.89. Finally the shares closed at $41.92. The 52-week high of the shares is $47.24 while the 52-week low is $35.8. According to the latest information available, the market cap of the company is $1,533 M.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Denise L Kruger (Sr. Vice President) sold 500 shares at $43.11 per share price.Also, On Jul 7, 2016, Robert J Sprowls (President & CEO) sold 4,342 shares at $44.00 per share price.On Jun 6, 2016, Lloyd E Ross (director) sold 500 shares at $40.49 per share price, according to the Form-4 filing with the securities and exchange commission.

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services Inc. (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS) Terrapin Utility Services Inc. (TUS) Old Dominion Utility Services Inc. (ODUS) Palmetto State Utility Services Inc. (PSUS) and Old North Utility Services Inc. (ONUS)). The Company operates in three segments: water electric and contracted services. Within the segments AWR has two business units water and electric service utility operations conducted through GSWC and contracted services conducted through ASUS and its subsidiaries. FBWS TUS ODUS PSUS and ONUS may be referred to collectively as the Military Utility Privatization Subsidiaries. GSWC is a California public utility company engaged in the purchase production and distribution of water in 75 communities in 10 counties in the State of California.

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