에 대한 최신 뉴스 American States Water (NYSE:AWR) 주식

American States Water

American States Water Co is water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services. Within these segments, American States Water conducts water and electric operations through Golden State Water Company and Bear Valley Electric Service, Inc while contracted services through American States Utility Services and its subsidiaries. Golden State Water conducts its operations across various counties in California and is regulated by the California Public Utilities Commission. American States Utility Services has contracted with the U.S. government to provide water services to various military installations. The majority of the company's revenue is derived from water services from commercial and residential customers.

American States Water Company Common Stock

American States Water Co

Aware Inc

A&W Revenue Royalties Income Fund

ALL WORLD RES CORP by All World Resources Corp.

All World Resources Corp

ALLEGHENY&WEST RY CAP6GTD by Allegheny & Western Railway Co.

Allegheny & Western Railway

BofA Securities analyst Ross Fowler initiated coverage on California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) with a Buy rating and price forecast of $57, which<a target="_blank" href="https://www.benzinga.com/quote/CWT/analyst-ratings" rel="noreferrer noopener"> implies an upside potential of 17%.</a>
Per Fowler, the company is currently trading at the lowest valuation compared to other U.S. water utilities, even though its earnings outlook is improving and it has significant capital investment plans for 2025-2028. California Water also has extra financial capacity to increase capital spending if needed.
The analyst prefers a value-focused strategy within the water utility sector, believing that the premium prices for these stocks will eventually align with those of electric and gas utilities.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42444498/bank-of-america-raises-bullish-outlook-on-us-brokers-exchanges-alternative-investments-3-top-picks-for-2025" rel="noreferrer noopener">Bank Of America Raises Bullish Outlook On US Brokers, Exchanges, Alternative Investments: 3 Top Picks For 2025</a>
The analyst writes, California Water stands out as the most affordable U.S. water utility, trading at an 8% discount to the water utility sector and 19% below its closest competitor, American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>).
The analyst notes that the improved earnings outlook and potential capital spending growth could drive the stock&#8217;s performance.
Fowler forecasts California Water&#8217;s EPS for 2025, 2026, and 2027 to be $2.34, $2.63, and $2.85, respectively, with slight deviations from consensus (-1.4%, +5.6%, -1.4%).
California Water&#8217;s 2024 rate case filing in California reveals significant deferred investments, with capital spending plans for 2025-2027 nearly double those from 2022-2024.
While there is a higher risk of disallowances, the analyst conservatively assumes 80% recovery (compared to 90%+ in other California cases), which still leads to an estimated 8%-10% EPS growth and over 10% growth in the rate base through 2027.
Per Fowler, cash flow is expected to improve due to the 2021 GRC, and the company will likely need $50 million to $100 million annually in equity to maintain about 55% equity capitalization, which is above the current authorized level.
Price Action: CWT shares are trading higher by 0.14% to $48.71 at last check Wednesday.
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Image via Shutterstock.

Analyst Color

Equities

News

Price Target

Initiation

Markets

Analyst Ratings

Movers

Trading Ideas

General

This Water Utility Stock Trades At A Discount: Analyst

B of A Securities analyst Ross Fowler initiates coverage on American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) with a Neutral rating and announces Price Target of $85.

B of A Securities Initiates Coverage On American States Water with Neutral Rating, Announces Price Target of $85

American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) announced that on November 15, 2024, its regulated water utility subsidiary, Golden State Water Company ("GSWC"), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission ("CPUC") in connection with the pending general rate case proceeding that will determine new water rates for the years 2025 – 2027. A final decision by the CPUC is expected as soon as the end of the fourth quarter of 2024. When a final decision is issued by the CPUC, the new rates for 2025 will be effective January 1, 2025.
On July 12, 2024, GSWC and the Public Advocates Office ("Cal Advocates") at the CPUC filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in the general rate case proceeding. The proposed decision approves and adopts the settlement agreement in its entirety. Among other things, the settlement agreement authorizes GSWC to invest approximately $573.1 million in capital infrastructure over the three-year cycle in order to continue to provide safe and reliable water utility service to its customers, which includes $17.7 million of advice letter capital investments to be filed for revenue recovery during the second and third year attrition increases when those projects are completed. In addition, the settlement agreement approves $58.2 million of advice letter capital investments already under construction beginning in 2023 also to be filed for revenue recovery during the second and third year attrition increases when those projects are completed. The settlement agreement also allows for additional increases in adopted revenues for 2026 and 2027 subject to an earnings test and changes to the forecasted inflationary index values. Actual increases for 2026 and 2027 will be determined at the time the filings to implement the new rate increases are approved by the CPUC, and will be calculated using inflationary index values at that time.
Furthermore, the proposed decision addressed the two remaining unresolved 2025 revenue requirement issues related to GSWC's sales forecast and supply mix. The proposed decision adopts GSWC's recommended sales forecast and adopts a supply mix that splits the difference between GSWC's and Cal Advocates' forecasts. The proposed decision also addressed the unresolved issues related to GSWC's requests for certain regulatory mechanisms. With regards to these requests, the proposed decision (i) rejects GSWC's request for continuation of a full sales and revenue decoupling mechanism and a full cost balancing account for water supply, and instead orders GSWC to transition to a modified rate adjustment mechanism (a Monterey-style WRAM or "M-WRAM") and an incremental cost balancing account for supply costs, (ii) rejects GSWC's sales reconciliation and supply mix adjustment mechanisms, and (iii) rejects GSWC's request to modify the existing per- and polyfluoroalkyl substances ("PFAS") memorandum account to track carrying costs on capital investments needed to comply with the new PFAS maximum contaminant levels established by the Environmental Protection Agency, and instead orders GSWC to file for recovery of PFAS-related capital projects through a separate application or future general rate case. The proposed decision adopts GSWC's M-WRAM rate design proposal, authorizing GSWC to increase the revenue requirement in its service charges to between 45-48% depending on the ratemaking area representing approximately 65% of GSWC's fixed costs in aggregate. GSWC will file comments on the proposed decision by December 5, 2024. The proposed decision is scheduled to be voted on by the CPUC on December 19, 2024.

Contracts

Legal

American States Water Company Announces Proposed Decision Adopting Settlement Agreement In Its Water Utility General Rate Case; Settlement Agreement Authorizes GSWC To Invest ~$573.1M In Capital Infrastructure Over The 3-Year Cycle In Order To Continue To Provide Safe And Reliable Water Utility Service To Its Customers

Earnings

Earnings Beats

Earnings Misses

American States Water Q3 2024 GAAP EPS $0.95 Misses $0.97 Estimate, Sales $161.782M Beat $161.000M Estimate

Primo Water (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prmw#NYSE">PRMW</a>) announced that its board of directors has approved a special dividend of 82 cents, which reflects an increase of 811% from its quarterly dividend rate of 9 cents. It will be payable on Nov. 21, 2024, to stockholders of record as of Nov. 5, 2024.
<h2>Rationale Behind PRMW&#39;s Special Dividend</h2>
The special dividend came after Primo Water announced the receipt of regulatory approval under the Investment Canada Act in connection with the previously announced all-stock combination of Primo Water and BlueTriton, Inc. The transaction is expected to be closed by the end of 2024.
According to Primo Water, the combination of Primo Water and BlueTriton and their extensive brand and product portfolios should better position the companies to meet their customers&#39; demands and provide quality customer service.
<h2>Can PRMW Continue to Increase Shareholders&#39; Value?</h2>
The company continues to benefit from organic customer growth and strategic investment plans. The increasing water demand should also boost the company&#39;s performance. The second-quarter 2024 revenues increased 7.6% year over year. Organic growth contributed 6.6% to the top line.
Primo Water is still performing well on the basis of its precise and targeted plan. Consequently, the company is achieving balanced and broad-based rapid top-line growth. Strong profit growth can be attributed to its productivity and growth initiatives, which also enable margin improvement.
Since the beginning of this year, the company has embraced a new strategy that includes a focus on customer-centric initiatives, must-win priorities, and a commercial and growth mindset leveraging its portfolio of hydration solutions.
PRMW is continuously investing in improving its infrastructure. Between 2021 and 2023, the company invested nearly $437.6 million, and it aims to invest $154.1 million in 2024.
Primo Water has the potential to expand and improve even further, which suggests that management will have sufficient funds to continue with its shareholder-friendly initiatives in the future.
<h2>Utilities&#39; Legacy of Dividend Payment</h2>
Utility service companies often have steady operations and earnings. Due to their capacity to create cash flows, manage returns and perform consistently, utilities can pay dividends to shareholders on a regular basis.
In the past few months, IDACORP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ida#NYSE">IDA</a>), New Jersey Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/njr#NYSE">NJR</a>) and American States Water (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awr#NYSE">AWR</a>) have raised their quarterly dividend rate by 3.6%, 7.1% and 8.3%, respectively.
The Zacks Consensus Estimate for IDACORP&#39;s 2024 earnings is pegged at $5.39 per share, implying a year-over-year increase of 4.9%. IDA&#39;s current dividend yield is 3.2%.
The Zacks Consensus Estimate for New Jersey Resources&#39; fiscal 2024 earnings is pegged at $2.95 per share, implying a year-over-year increase of 10.1%. NJR&#39;s current dividend yield is 3.86%.
The Zacks Consensus Estimate for American States Water&#39;s 2024 earnings is pegged at $3.03 per share, implying a year-over-year increase of 6.3%. AWR&#39;s current dividend yield is 2.17%.
<h2>PRMW&#39;s Stock Price Performance</h2>
In the past three months, PRMW&#39;s shares have risen 28.6% compared with the industry&#39;s growth of 1.2%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4e/81388.jpg?v=1905358745" />
Image Source: Zacks Investment Research
<h2>PRMW&#39;s Zacks Rank</h2>
The company currently carries a Zacks Rank #5 (Strong Sell).
<a href="https://www.zacks.com/stock/news/2351617/primo-water-declares-special-dividend-in-connection-with-merger-deal?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2351617">To read this article on Zacks.com click here.</a>

Mid Cap

Dividends

Management

PRMW

Primo Water Declares Special Dividend in Connection With Merger Deal

American States Water Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awr#NYSE">AWR</a>) reported second-quarter 2024 operating earnings per share of 85 cents, which beat the Zacks Consensus Estimate of 84 cents by 1.2%.
<h3>Total Revenues</h3>
Operating revenues came in at $155.3 million, which outpaced the Zacks Consensus Estimate of $138 million by 12.6%. However, the top line declined 1.3% from $157.4 million reported in the prior-year period.
<div class="chart_embed">
<h3>American States Water Company Price, Consensus and EPS Surprise</h3>
<h3><a href="https://www.zacks.com/stock/chart/AWR/price-consensus-eps-surprise-chart?icid=chart-AWR-price-consensus-eps-surprise-chart"><img alt="American States Water Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/37/1723018375.png" style="height:282px; width:616px" title="" /></a></h3>
American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote
</div>
<h3>Highlights of the Release</h3>
Operating expenses in the quarter totaled $103.6 million, up 5.2% from the year-ago quarter&#39;s level of $98.5 million. This was due to higher water purchased for pumping expenses, administrative and general costs, and other operation costs.
Operating income totaled $51.7 million, down 12.2% from $58.9 million recorded in the corresponding period of 2023.
Interest expenses amounted to $13.1 million, up 22.5% year over year. Interest income totaled $2.1 million, up 16.1% year over year.
<h3>Segmental Details</h3>
Earnings from the Water segment came in at 67 cents per share, down 26.4% from 91 cents a year ago.
EPS from the Electric segment was 1 cent, down 2 cents from the year-ago quarter&#39;s level.
EPS from the Contracted Services segment was 19 cents, up 58.3% year over year.
The loss from AWR (Parent) was 2 cents per share, in line with the year-ago quarter&#39;s loss.
<h3>Financial Update</h3>
As of Jun 30, AWR&#39;s cash and cash equivalents totaled $3.6 million compared with $14.1 million as of Dec 31, 2023.
As of Jun 30, the company&#39;s long-term debt was $640 million compared with $575.6 million as of Dec 31, 2023.
In the first six months of 2024, cash provided by operating activities totaled $70.5 million compared with $17.8 million in the year-ago period.
<h3>Zacks Rank</h3>
American States Water currently has a Zacks Rank #3 (Hold).
<h3>Recent Releases</h3>
American Water Works Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awk#NYSE">AWK</a>) posted second-quarter 2024 operating EPS of $1.42, which lagged the Zacks Consensus Estimate of $1.47 by 3.4%.
AWK&#39;s long-term (three-to-five years) earnings growth rate is 8%. The company delivered an average earnings surprise of 1.1% in the past four quarters.
California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>) recorded second-quarter 2024 adjusted earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 39 cents by 79.5%.
The Zacks Consensus Estimate for 2024 EPS reflects year-over-year growth of 257.1%. The company delivered an average earnings surprise of 125.4% in the past four quarters.
Essential Utilities Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wtrg#NYSE">WTRG</a>) delivered second-quarter 2024 operating EPS of 28 cents, which lagged the Zacks Consensus Estimate of 30 cents by 6.7%.
WTRG&#39;s long-term earnings growth rate is 5.75%. The Zacks Consensus Estimate for 2024 EPS reflects year-over-year growth of 5.9%.
<a href="https://www.zacks.com/stock/news/2318349/american-states-water-awr-q2-earnings-sales-top-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318349">To read this article on Zacks.com click here.</a>

WTRG

American States Water Q2 Earnings & Sales Top Estimates

American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) reported quarterly earnings of $0.85 per share which missed the analyst consensus estimate of $0.87 by 2.3 percent. This is a 1.16 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $155.328 million which beat the analyst consensus estimate of $138.000 million by 12.56 percent. This is a 1.32 percent decrease over sales of $157.400 million the same period last year.

American States Water Q2 2024 Adj. EPS $0.85 Misses $0.87 Estimate, Sales $155.328M Beat $138.000M Estimate

<ul>
<li>Quarterly dividend rate has grown at a CAGR of 8.8% over the last five years</li>
</ul>
On July 30, 2024, the Board of Directors of American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) approved an increase in the company's third quarter cash dividend to $0.4655 per share from $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.862 per share, which represents an 8.3% increase from the current annualized dividend rate of $1.72 per share.

American States Water Company Increases Quarterly Dividend From $0.43 To $0.4655 Per Share

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586cf168351b9b0001a30551/nicole-deblase">Deutsche Bank analyst Nicole Deblase</a> upgraded the rating for 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) from Hold to Buy and raised the price target from $110 to $150. 3M shares gained 1.3% to settle at $126.75 on Tuesday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b06180b85e93000174c105/jonathan-reeder">Wells Fargo analyst Jonathan Reeder</a> upgraded American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) from Underweight to Equal-Weight, while increasing the price target from $80 to $87. American States Water shares gained 1.5% to close at $82.56 on Tuesday. <a href="https://www.benzinga.com/quote/AWR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/642c54787dfba500019cd00f/patrick-cunningham">Citigroup analyst Patrick Cunningham</a> upgraded the rating for Ecolab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) from Neutral to Buy, but lowered the price target from $267 to $265. Ecolab shares dipped 7.7% to settle at $228.86 on Tuesday. <a href="https://www.benzinga.com/quote/ECL/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/topic/lorraine-hutchinson">B of A Securities analyst Lorraine Hutchinson</a> upgraded The Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) from Underperform to Neutral, while raising the price target from $18.5 to $25. Gap shares gained 2.4% to close at $22.78 on Tuesday. <a href="https://www.benzinga.com/quote/GPS/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/insights/analyst-ratings/24/07/40065715/demystifying-paypal-holdings-insights-from-12-analyst-reviews">Bernstein analyst Harshita Rawat</a> upgraded the rating for PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Market Perform to Outperform and boosted the price target from $71 to $78. PayPal shares rose 8.6% to settle at $64.00 on Tuesday. <a href="https://www.benzinga.com/quote/PYPL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Upgrades

Pre-Market Outlook

PYPL

This 3M Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Wells Fargo analyst Jonathan Reeder upgrades American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) from Underweight to Equal-Weight and raises the price target from $80 to $87.

Wells Fargo Upgrades American States Water to Equal-Weight, Raises Price Target to $87

New Rates For 2025-2027 Expected To Be Effective January 1, 2025, Pending CPUC Decision By End Of 2024

American States Water Subsidiary Golden State Water And Public Advocates Office File Joint Motion To Adopt Settlement Agreement In Water Utility General Rate Case

American States Water Announces California Supreme Court Sets Aside CPUC Order To Discontinue Water Revenue Adjustment Mechanism; Portions Of August 2020 Order Vacated, Allowing Investor-Owned Water Utilities To Request WRAM Again

Wells Fargo analyst Jonathan Reeder maintains American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) with a Underweight and raises the price target from $77 to $80.

Wells Fargo Maintains Underweight on American States Water, Raises Price Target to $80

American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) reported quarterly earnings of $0.62 per share which met the analyst consensus estimate. This is a 3.33 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $135.251 million which beat the analyst consensus estimate of $119.000 million by 13.66 percent. This is a 16.21 percent decrease over sales of $161.423 million the same period last year.

American States Water Q1 2024 Adj EPS $0.62, Inline, Sales $135.251M Beat $119.000M Estimate

American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
American States Water missed estimated earnings by 22.64%, reporting an EPS of $0.41 versus an estimate of $0.53.
Revenue was down $187 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.11 which was followed by a 2.25% drop in the share price the next day.
Here's a look at American States Water's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.83</td>
<td>0.79</td>
<td>0.52</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.72</td>
<td>0.83</td>
<td>0.57</td>
<td>0.50</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>152.00M</td>
<td>128.00M</td>
<td>113.00M</td>
<td>142.85M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>151.70M</td>
<td>157.40M</td>
<td>161.42M</td>
<td>125.37M</td>
</tr>
</tbody>
</table>

To track all earnings releases for American States Water <a href="https://www.benzinga.com/quote/AWR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

American States Water: Q4 Earnings Insights

American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.54 by 1.85 percent. The company reported quarterly sales of $125.18 million which missed the analyst consensus estimate of $132.00 million by 5.17 percent. This is a 0.15 percent decrease over sales of $125.37 million the same period last year.

American States Water Q4 2023 Adj EPS $0.55 Beats $0.54 Estimate, Sales $125.18M Miss $132.00M Estimate

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Earnings Scheduled For February 21, 2024

American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that American States Water will report an earnings per share (EPS) of $0.53. 
American States Water bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.11, which was followed by a 2.25% drop in the share price the next day.
Here's a look at American States Water's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.83</td>
<td>0.79</td>
<td>0.52</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.72</td>
<td>0.83</td>
<td>0.57</td>
<td>0.50</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.25%</td>
<td>1.22%</td>
<td>-2.9%</td>
<td>-2.5%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708452114_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of American States Water were trading at $76.37 as of February 19. Over the last 52-week period, shares are down 18.36%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/AWR/earnings">To track all earnings releases for American States Water visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

American States Water Earnings Preview

Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Block </h3>
<ul>
<li>The Trade: Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) 10% owner David Goel <a href="https://www.benzinga.com/quote/SQ/analyst-ratings"> acquired a total of 540,646 shares </a> an average price of $50.89. To acquire these shares, it cost around $27.52 million.</li>
<li>What&rsquo;s Happening: Block reported better-than-expected third-quarter earnings.</li>
<li>What Block Does: Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square&#39;s payment volume was a little over $200 million.</li>
</ul>
<h3>Janux Therapeutics </h3>
<ul>
<li>The Trade: Janux Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/janx#NASDAQ">JANX</a>) 10% owner Avalon Bioventures I LP acquired a total of 849,854 shares at an average price of $5.87. To acquire these shares, it cost around $4.99 million.</li>
<li>What&rsquo;s Happening: Janux Therapeutics posted a narrower-than-expected quarterly loss.</li>
<li>What Janux Therapeutics Does: Janux Therapeutics Inc is an innovative biopharmaceutical company developing next-generation therapeutics based on proprietary tumor activated T Cell Engager platform technology to better treat patients suffering from cancer.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>American States Water </h3>
<ul>
<li>The Trade: American States Water Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awr#NYSE">AWR</a>) Director Steven D Davis <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 1,000 shares </a> at an average price of $77.90. To acquire these shares, it cost around $77,899.</li>
<li>What&rsquo;s Happening: American States Water posted downbeat quarterly earnings.</li>
<li>What American States Water Does: American States Water Co is water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services.</li>
</ul>
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American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) reported quarterly earnings of $0.72 per share which missed the analyst consensus estimate of $0.83 by 13.25 percent. This is a 4.35 percent increase over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $151.70 million which missed the analyst consensus estimate of $152.00 million by 0.20 percent. This is a 12.38 percent increase over sales of $134.98 million the same period last year.

American States Water Q3 Adj EPS $0.72 Misses $0.83 Estimate, Sales $151.70M Miss $152.00M Estimate

American States Water Non-GAAP EPS of $0.84 misses by $0.14, revenue of $161.8M beats by $0.8M

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