News Recap: The York Water Company (NASDAQ: YORW)

On 06 May 2020, The York Water Company (NASDAQ: YORW) spotted trading -17.63% off 52-week high price. On the other end, the stock has been noted 24.20% away from the low price over the last 52-weeks. The stock changed -0.41% to recent value of $41.06. The stock transacted 63723 shares during most recent day however it has an average volume of 54.62K shares. The company has 12.94M of outstanding shares and 12.85M shares were floated in the market.

The York Water Company’s (YORW) President and CEO, JT Hand, reported the Company’s 2019 earnings.

President Hand stated that 2019 operating revenues of $51,578,000 increased $3,141,000 and net income of $14,402,000 increased $1,026,000 contrast to 2018.  Basic and Diluted Earnings per share of $1.11 for 2019 increased $0.07 contrast to 2018.  Dividends per share rose 4% contrast to 2018.  Increased revenues were primarily Because of a raise in rates effective March 1, 2019 partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC).  The DSIC is a Pennsylvania Public Utility Commission (PPUC) allowed charge that water utilities collect from consumers for the replacement of aging infrastructure.  Growth in the water and wastewater consumer base also added to revenues.  The increased revenue was partially offset by higher operation and maintenance expenses, depreciation, and retirement expenses.  Income taxes reduced Because of higher deductions from the IRS tangible property regulations.

During the year, the Company invested $18.4M in capital projects for dam improvements as well as various replacements and improvements to infrastructure.  In addition, the Company invested $2.1M in the acquisition of a wastewater system.  During 2019, the Company replaced or relined about 50,000 feet of pipe to improve its distribution system, reduce ongoing expenses, and improve consumer service.

President Hand also stated that for the fourth quarter of 2019 operating revenues increased $950,000, but net income reduced $288,000 contrast to the fourth quarter of 2018.  Basic and Diluted Earnings per share of $0.26 for the fourth quarter of 2019 reduced $0.03 contrast to the same period last year.  Increased revenues resulted primarily from the March 1, 2019 rate increase and growth in the water consumer base partially offset by lower DSIC after its reset to zero.  Income taxes reduced Because of higher deductions from the IRS tangible property regulations.  The increased revenue and lower income taxes were offset by higher operation and maintenance expenses, depreciation, and retirement expenses.

Its earnings per share (EPS) expected to touch remained 7.20% for this year while earning per share for the next 5-years is expected to reach at 4.90%. YORW has a gross margin of # ref and an operating margin of 46.00% while its profit margin remained 27.90% for the last 12 months.   According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.84% from the mean of 20 days, -2.53% from mean of 50 days SMA and performed -3.76% from mean of 200 days price. Company’s performance for the week was -4.42%, -6.13% for month and YTD performance remained -10.95%.

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