For its second fiscal quarter (ending June 30), Artesian Resources Corp (NASDAQ: ARTNA) has reported a 18% increase in E.P.S. from $0.44 a year ago to $0.52 in the current quarter. For the latest four quarters through June 30, E.P.S. were $1.78 versus $1.73 for the same period a year ago — an increase of 3%.
Recent Price Action
Artesian Resources Corp (NASDAQ: ARTNA) stock declined by -2.7% on 8/5/24. The shares closed at $38.05. However, this decline was accompanied by exceptionally low trading volume at 45% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.2% during the last week.
Current PriceTarget Research Rating
ARTNA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Artesian Resources has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Artesian Resources has a slightly negative Appreciation Score of 31 and a poor Power Rating of 24, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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