American States Water's Q2 earnings missed analyst consensus by $0.02 and saw a 1.3% YoY revenue decrease.
American States Water's Q2 earnings at $0.85/share missed the analyst consensus by $0.02. Revenue was $155.3M (vs. $138M expected). Despite a 1.3% YoY revenue decrease and 0.86 stock drop, the company raised its quarterly dividend to $0.4655 (2.27% yield). Wells Fargo upgraded its rating from "underweight" to "equal weight" and raised the price target from $80 to $87.
August 09, 2024
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