The York Water Company (YORW - Free Report) is a public utility company involved in providing safe, reliable and high-quality water and wastewater services to its customers.
Let’s explore the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for YORW’s 2023 earnings per share (EPS) is pegged at $1.53, increasing 1.3% in the past 60 days.
The Zacks Consensus Estimate for current year sales stands at $70 million, indicating year-over-year growth of 16.5%.
YORW delivered an average earnings surprise of 4.23% in the last four quarters.
Return on Equity (ROE)
ROE indicates how efficiently a company utilizes its funds to generate higher returns. YORW’s ROE is currently 10.02%, higher than the industry’s average of 9.8%, which indicates that the company is utilizing its funds more efficiently than its peers.
Debt Position
The York Water’s total debt to capital was 42.6% as of Jun 30, 2023, which is better than the industry’s average of 46.3%.
The times interest earned ratio at the end of second-quarter 2023 was 4.83. The ratio, being greater than one, reflects YORW’s ability to meet future debt obligations without difficulties.
Long Dividend History
The utility company has been consistently paying dividends to its shareholders. The York Water declared a quarterly dividend of 20.27 cents per share in May 2023, resulting in an annual payout of 81 cents per share. This is the 610th consecutive dividend to be paid by the company to its shareholders. This indicates 2.5% growth from 2022.
The company increased its dividend five times in the past five years. YORW’s current dividend yield is 2%, better than the Zacks S&P 500 Composite’s 1.67%.
Price Performance
In the past month, shares of YORW have gained 0.2% against the broader industry’s 4.6% decline.
Other Stocks to Consider
A few other top-ranked stocks in the same industry are Consolidated Water Co. Ltd. (CWCO - Free Report) , American Water Works Co. Inc. (AWK - Free Report) and American States Water Co. (AWR - Free Report) . CWCO sports a Zacks Rank of #1 (Strong Buy), while AWK and AWR carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Consolidated Water’s long-term (three-to five-years) earnings growth rate is 8%. The Zacks Consensus Estimate for 2023 EPS is pegged at $1.43, implying a year-over-year improvement of 164.8%.
American Water Works’ long-term earnings growth rate is 8.2%. The Zacks Consensus Estimate for 2023 EPS is pegged at $4.79, implying a year-over-year improvement of 6.2%.
American States Water’s long-term earnings growth rate is 6.3%. The Zacks Consensus Estimate for 2023 EPS is pegged at $2.96, implying a year-over-year improvement of 29.8%.
Infrastructure Stock Boom to Sweep America
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The only question is “Will you get into the right stocks early when their growth potential is greatest?”
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The York Water Company (YORW - Free Report) is a public utility company involved in providing safe, reliable and high-quality water and wastewater services to its customers.
Let’s explore the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for YORW’s 2023 earnings per share (EPS) is pegged at $1.53, increasing 1.3% in the past 60 days.
The Zacks Consensus Estimate for current year sales stands at $70 million, indicating year-over-year growth of 16.5%.
YORW delivered an average earnings surprise of 4.23% in the last four quarters.
Return on Equity (ROE)
ROE indicates how efficiently a company utilizes its funds to generate higher returns. YORW’s ROE is currently 10.02%, higher than the industry’s average of 9.8%, which indicates that the company is utilizing its funds more efficiently than its peers.
Debt Position
The York Water’s total debt to capital was 42.6% as of Jun 30, 2023, which is better than the industry’s average of 46.3%.
The times interest earned ratio at the end of second-quarter 2023 was 4.83. The ratio, being greater than one, reflects YORW’s ability to meet future debt obligations without difficulties.
Long Dividend History
The utility company has been consistently paying dividends to its shareholders. The York Water declared a quarterly dividend of 20.27 cents per share in May 2023, resulting in an annual payout of 81 cents per share. This is the 610th consecutive dividend to be paid by the company to its shareholders. This indicates 2.5% growth from 2022.
The company increased its dividend five times in the past five years. YORW’s current dividend yield is 2%, better than the Zacks S&P 500 Composite’s 1.67%.
Price Performance
In the past month, shares of YORW have gained 0.2% against the broader industry’s 4.6% decline.
Other Stocks to Consider
A few other top-ranked stocks in the same industry are Consolidated Water Co. Ltd. (CWCO - Free Report) , American Water Works Co. Inc. (AWK - Free Report) and American States Water Co. (AWR - Free Report) . CWCO sports a Zacks Rank of #1 (Strong Buy), while AWK and AWR carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Consolidated Water’s long-term (three-to five-years) earnings growth rate is 8%. The Zacks Consensus Estimate for 2023 EPS is pegged at $1.43, implying a year-over-year improvement of 164.8%.
American Water Works’ long-term earnings growth rate is 8.2%. The Zacks Consensus Estimate for 2023 EPS is pegged at $4.79, implying a year-over-year improvement of 6.2%.
American States Water’s long-term earnings growth rate is 6.3%. The Zacks Consensus Estimate for 2023 EPS is pegged at $2.96, implying a year-over-year improvement of 29.8%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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