Revenue Update on York Water Co(NASDAQ:YORW)

York Water Co(NASDAQ:YORW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $11.82M. Analysts estimated a revenue of $12.08M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.23.

York Water Co (YORW) made into the market gainers list on Fridays trading session with the shares advancing 2.00% or 0.58 points. Due to strong positive momentum, the stock ended at $29.53, which is also near the day’s high of $29.55. The stock began the session at $29.07 and the volume stood at 32,804 shares. The 52-week high of the shares is $33.4 and the 52 week low is $19.95. The company has a current market capitalization of $380 M and it has 1,28,69,555 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, John H Strine (Vice President – Operations) purchased 66 shares at $30.25 per share price.Also, On Jul 18, 2016, Mark S Snyder (Vice President – Engineering) purchased 32 shares at $30.25 per share price.On Jul 18, 2016, Kathleen M Miller (Chief Financial Officer) purchased 130 shares at $30.25 per share price, according to the Form-4 filing with the securities and exchange commission.

The York Water Company is an investor-owned water utility in the United States. The Company impounds purifies and distributes water. The Company owns and operates two wastewater collection and treatment systems. The Company operates within its franchised territory which covers 39 municipalities within York County Pennsylvania and eight municipalities within Adams County Pennsylvania. The Company’s wastewater operations include portions of three municipalities in York County Pennsylvania. It obtains its water supply from both the South Branch and East Branch of the Codorus Creek which together have an average flow of 73 million gallons per day. The Company has two reservoirs Lake Williams and Lake Redman which together hold up to approximately 2.2 billion gallons of water. The Company’s water filtration plant is located in Spring Garden Township about one-half mile south of the City of York.

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