Artesian Resources Corporation

Company Profile

Artesian Resources Corporation had its IPO on 1996-05-23 under the ticker symbol ARTNA.

The company operates in the Utilities sector and Utilities-Regulated Water industry. Artesian Resources Corporation has a staff strength of 252 employees.

Stock update

Shares of Artesian Resources Corporation opened at $46.09 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $46.09 - $46.48, and closed at $46.47.

This is a +0.5% increase from the previous day's closing price.

A total volume of 17,794 shares were traded at the close of the day’s session.

In the last one week, shares of Artesian Resources Corporation have increased by +0.28%.

Artesian Resources Corporation's Key Ratios

Artesian Resources Corporation has a market cap of $500.87 million, indicating a price to book ratio of 2.8007 and a price to sales ratio of 5.1808.

In the last 12-months Artesian Resources Corporation’s revenue was $99.21 million with a gross profit of $48.28 million and an EBITDA of $41.75 million. The EBITDA ratio measures Artesian Resources Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Artesian Resources Corporation’s operating margin was 29.23% while its return on assets stood at 2.63% with a return of equity of 9.32%.

In Q1, Artesian Resources Corporation’s quarterly earnings growth was a negative -17.1% while revenue growth was a positive 1.4%.

Artesian Resources Corporation’s PE and PEG Ratio

Forward PE

26.8817

Trailing PE

26.3135

PEG

7.29

Its diluted EPS in the last 12-months stands at $1.85 per share while it has a forward price to earnings multiple of 26.8817 and a PEG multiple of 7.29. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Artesian Resources Corporation’s profitability.

Artesian Resources Corporation stock is trading at a EV to sales ratio of 7.3292 and a EV to EBITDA ratio of 15.6788. Its price to sales ratio in the trailing 12-months stood at 5.1808.

Artesian Resources Corporation stock pays annual dividends of $1.103 per share, indicating a yield of 2.32% and a payout ratio of 61.53%.

Balance sheet and cash flow metrics

Total Assets

$725.79 million

Total Liabilities

$43.54 million

Operating Cash Flow

$-16741000.00

Capital Expenditure

$16.79 million

Dividend Payout Ratio

61.53%

Artesian Resources Corporation ended 2024 with $725.79 million in total assets and $0 in total liabilities. Its intangible assets were valued at $725.79 million while shareholder equity stood at $189.14 million.

Artesian Resources Corporation ended 2024 with $54.89 million in deferred long-term liabilities, $43.54 million in other current liabilities, 9504000.00 in common stock, $72.35 million in retained earnings and $1.94 million in goodwill. Its cash balance stood at $115000.00 and cash and short-term investments were $115000.00. The company’s total short-term debt was $23,699,000 while long-term debt stood at $176.26 million.

Artesian Resources Corporation’s total current assets stands at $21.61 million while long-term investments were $5.88 million and short-term investments were $0. Its net receivables were $12.25 million compared to accounts payable of $8.10 million and inventory worth $5.26 million.

In 2024, Artesian Resources Corporation's operating cash flow was $-16741000.00 while its capital expenditure stood at $16.79 million.

Comparatively, Artesian Resources Corporation paid $0.62 in dividends in 2024.

Other key metrics

Current Trading Price

$46.47

52-Week High

$62.3894

52-Week Low

$43.1967

Analyst Target Price

$60

Artesian Resources Corporation stock is currently trading at $46.47 per share. It touched a 52-week high of $62.3894 and a 52-week low of $62.3894. Analysts tracking the stock have a 12-month average target price of $60.

Its 50-day moving average was $46.46 and 200-day moving average was $52.35 The short ratio stood at 4.48 indicating a short percent outstanding of 0%.

Around 437.6% of the company’s stock are held by insiders while 5710% are held by institutions.