Revenue Update on Artesian Resources Corporation(NASDAQ:ARTNA)

Artesian Resources Corporation(NASDAQ:ARTNA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Intraday on Aug 3, 2016. Company reported revenue of $19.39M. Analysts estimated a revenue of $20.00M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.37.

Artesian Resources Corporation (ARTNA) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.10% at a volume of 17,101. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.66. The peak price level was also seen at $31.66 while the days lowest was $31.36. Finally the shares closed at $31.44. The 52-week high of the shares is $35 while the 52-week low is $21.322. According to the latest information available, the market cap of the company is $286 M.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, William C Wyer (director) sold 3,375 shares at $30.02 per share price.Also, On Jun 7, 2016, Nicholle Renee Taylor (Director/Senior Vice President) purchased 151 shares at $28.89 per share price.On Jun 6, 2016, John R Jr Eisenbrey (director) sold 5,900 shares at $29.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Artesian Resources Corporation is a holding company. The Company distributes and sells water including water for public and private fire protection to residential commercial industrial municipal and utility customers in Delaware Maryland and Pennsylvania. It provides wastewater services to customers in Delaware. It also provides contract water and wastewater operations and water and sewer Service Line Protection Plans. The Company’s subsidiaries include Artesian Water Company Inc. Artesian Water Pennsylvania Inc. Artesian Water Maryland Inc. Artesian Wastewater Management Inc. Artesian Wastewater Maryland Inc. Artesian Utility Development Inc. Artesian Development Corporation and Artesian Consulting Engineers Inc.

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