American States Water Q2 EPS rises 25% on rate hikes and demand
AWR•Outlook and analyst coverage
-
Company expects regulated utilities to invest $185 to $220 mln in 2026
-
Contracted services segment expected to contribute $0.63 to $0.67 per share for full year 2026
-
Company says future water segment earnings may be volatile due to consumption and supply mix changes
-
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
-
The average consensus recommendation for the water & related utilities peer group is "buy."
-
Wall Street's median 12-month price target for American States Water Company is $77.00, about 9.8% below its August 4 closing price of $85.40
-
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago
Quarterly results and drivers
-
US water and electric utility's Q2 diluted EPS rose 25% yr/yr, driven by rate hikes and demand
-
Q2 operating revenues increased yr/yr, supported by growth across all business segments
