For its third fiscal quarter (ending September 30), Artesian Resources Corp (NASDAQ: ARTNA) has reported a 35% increase in E.P.S. from $0.49 a year ago to $0.66 in the current quarter. E.P.S. were $1.95 for the latest four quarters through September 30 versus $1.57 for the same period a year ago — an increase of 24%.
Recent Price Action
On 11/4/24, Artesian Resources Corp (NASDAQ: ARTNA) stock rose modestly by 0.3%, closing at $33.28. Moreover, trading volume in this advance was above average at 145% of normal. The stock has declined -1.8% during the last week and has performed in line with the market over the last nine months.
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 C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Artesian Resources has a neutral Power Rating of 49 and a neutral Appreciation Score of 42, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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