The York Water Stock (NASDAQ:YORW), Trade Ideas

The York Water

The York Water Co is an investor-owned water utility company in the United States. The primary business of the company is to impound, purify to meet or exceed safe drinking water standards and distribute water. It also owns and operates three wastewater collection systems and two wastewater treatment systems. The company operates within its franchised territory, which covers more than 54 municipalities within York County, Pennsylvania.

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U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping over 300 points on Friday.

Nasdaq Tumbles 300 Points Following Powell&#39;s Speech At Jackson Hole Economic Symposium

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Following the market opening Tuesday, the Dow traded down 0.26% to 34,778.27 while the NASDAQ rose 0.01% to 15,106.84. The S&amp;P also fell, dropping 0.20% to 4,459.89.

Mid-Morning Market Update: Markets Mostly Lower; US Annual Inflation Rate Slows to 5.3% in August

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The York Water Co

The York Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) reported quarterly earnings of $0.420 per share. The company reported quarterly sales of $18.096 million which beat the analyst consensus estimate of $17.000 million by 6.45 percent. This is a 19.75 percent increase over sales of $15.111 million the same period last year.

Earnings Beats

The York Water Q4 2023 GAAP EPS $0.420, Sales $18.096M Beat $17.000M Estimate

Earnings Misses

The York Water Company Q3 2023 EPS $0.53 Up From $0.40 YoY, Revenue $18.767M Misses $19M Estimate

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The York Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) reported quarterly earnings of $0.26 per share which met the analyst consensus estimate. This is a 10.34 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $15.40 million which beat the analyst consensus estimate of $15.00 million by 2.67 percent. This is a 8.15 percent increase over sales of $14.24 million the same period last year.

The York Water Q1 EPS $0.26, Inline, Sales $15.40M Beat $15.00M Estimate

York Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) reported quarterly earnings of $0.35 per share. This is a 12.9 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $15.11 million which beat the analyst consensus estimate of $14.00 million by 7.94 percent. This is a 10.03 percent increase over sales of $13.73 million the same period last year.

York Water Q4 EPS $0.35 Up From $0.31 YoY, Sales $15.11M Beat $14.00M Estimate

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The York Water Company Announces Settlement Of Rate Case Allowing For Increase In Base Rates For Water, Wastewater Customers

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro,</a> during Q3, York Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) earned $5.68 million, a 12.96% increase from the preceding quarter. York Water also posted a total of $15.81 million in sales, a 6.12% increase since Q2. York Water earned $5.03 million, and sales totaled $14.90 million in Q2.
<h3>What Is ROIC?</h3>
Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, York Water posted an ROIC of 2.08%.
It is important to keep in mind that ROIC evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future. 
ROIC is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROIC shows York Water is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of invested capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For York Water, the positive return on invested capital ratio of 2.08% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Upcoming Earnings Estimate</h3>
York Water reported Q3 earnings per share at $0.4/share, which beat analyst predictions of $0.38/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Looking Into York Water's Return On Invested Capital

York Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) reported quarterly earnings of $0.40 per share. This is a 11.11 percent increase over earnings of $0.36 per share from the same period last year. The company reported $15.81 million in sales this quarter. This is a 9.02 percent increase over sales of $14.50 million the same period last year.

York Water Q3 EPS $0.40 Up From $0.36 YoY, Sales $15.81M Up From $14.50M YoY

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U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping over 300 points on Friday.
Powell said the Federal Reserve&rsquo;s goal remains getting inflation back down to a goal of 2%. &ldquo;Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy,&rdquo; Powell said. &ldquo;Without price stability, the economy does not work for anyone.&rdquo;
The Dow traded down 1.54% to 32,778.45 while the NASDAQ fell 2.43% to 12,332.10. The S&amp;P 500 also fell, dropping, 1.92% to 4,118.42.
<a href="https://www.benzinga.com/markets/cryptocurrency/22/08/28644950/bitcoin-ethereum-record-losses-ahead-of-powells-speech-here-are-the-top-crypto-movers-for-">Also check this: Bitcoin, Ethereum Record Losses Ahead Of Powell&#39;s Speech; Here Are The Top Crypto Movers For Friday </a>

Leading and Lagging Sectors

Utilities shares fell by just 0.4% on Friday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included Black Hills Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bkh#NYSE">BKH</a>), up 0.4% and The York Water Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yorw#NASDAQ">YORW</a>) up 0.3%.

In trading on Friday, communication services shares dipped by 2.8%.

Top Headline

U.S. personal spending rose 0.1% month-over-month in July, while personal income increased 0.2%. The personal consumption expenditure price index declined 0.1% month-over-month in July after increasing 1% in June.

Equities Trading UP

Micro Focus International plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfgp#NYSE">MFGP</a>) shares shot up 94% to $6.06 after the company reached an agreement with OpenText to be acquired for $6 billion.
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Shares of American Virtual Cloud Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avct#NASDAQ">AVCT</a>) got a boost, shooting 25% to $0.1697 after the company announced changes to its board of directors and management team, along with the launch of a review to explore the sale of the entire business or selected assets.
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Farfetch Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftch#NYSE">FTCH</a>) shares were also up, gaining 25% to $11.94 after reporting better-than-expected quarterly results. Additionally, multiple analysts raised their price target on the stock.
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Equities Trading DOWN
Domo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/domo#NASDAQ">DOMO</a>) shares tumbled 29% to $20.43 after the company reported worse-than-expected Q2 sales results and issued Q3 and FY23 sales guidance below analyst estimates. Additionally, multiple analysts lowered their price target on the stock.

Shares of Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) were down 20% to $24.97 after the company reported worse-than-expected Q4 EPS results and issued Q1 FY23 sales guidance below estimates.

Athersys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athx#NASDAQ">ATHX</a>) was down, falling 24% to $0.1330 after the company reported a 1-for-25 reverse stock split.

<a href="https://www.benzinga.com/news/earnings/22/08/28645142/market-volatility-decreases-further-as-investors-await-powell-speech">Also check out: Market Volatility Decreases Further As Investors Await Powell Speech </a>

Commodities
In commodity news, oil traded down 0.8% to $91.81, while gold traded down 1% to $1,752.90.

Silver traded down 0.7% to $18.99 on Friday while copper rose 0.5% to $3.7165.
Euro zone

European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 1.53%, London&rsquo;s FTSE 100 fell 0.57% while Spain&rsquo;s IBEX 35 Index fell 1.47%. The German DAX declined 1.96%, French CAC 40 fell 1.58% and Italy&rsquo;s FTSE MIB Index dipped 2.13%.
Loans to households in the Eurozone increased 4.5% year-over-year in July. Italian consumer confidence climbed by 3.5 points to 98.3 in August from 94.8 a month ago, while manufacturing confidence declined by 2.1 points to 104.3 in August.
The consumer confidence index in France rose to 82 in August from 80 in July, while GfK Consumer Climate Indicator for Germany declined to a fresh record low level of -36.5 heading into September.
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Economics
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The US goods trade deficit shrank to $89.1 billion in July from a revised $98.6 billion in the prior month.

U.S. personal spending rose 0.1% month-over-month in July, while personal income increased 0.2%. The personal consumption expenditure price index declined 0.1% month-over-month in July after increasing 1% in June.

Wholesale inventories rose by 0.8% month-over-month to $902.9 billion in July.

The University of Michigan consumer sentiment was revised higher to 58.2 in August from a preliminary reading of 55.1.

The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
<a href="https://www.benzinga.com/news/earnings/22/08/28646005/investor-sentiment-improves-with-powells-speech-in-focus">Check out this: Investor Sentiment Improves With Powell&#39;s Speech In Focus</a>

COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 95,844,670 cases with around 1,068,110 deaths. India confirmed a total of at least 44,389,170 cases and 527,550 deaths, while France reported over 34,428,730 COVID-19 cases with 153,800 deaths. In total, there were at least 604,479,650 cases of COVID-19 worldwide with more than 6,483,560 deaths.

Nasdaq Tumbles 300 Points Following Powell's Speech At Jackson Hole Economic Symposium

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The York Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) on May 27, 2022 asked the Pennsylvania Public Utility Commission (PUC) for a general increase in base rates.
JT Hand, President and CEO of York Water, said the Company is asking for an&nbsp;$18.8 million&nbsp;increase in annual water revenues, and a&nbsp;$1.5 million&nbsp;increase in annual wastewater revenues.
The Company&#39;s filing with the PUC also requests to combine, in part, the revenue requirement for the Company&#39;s wastewater operations with the Company&#39;s water operations as authorized by legislation enacted in 2012.
President Hand said the increase is necessary due to approximately&nbsp;$176 million&nbsp;in capital investments that the Company has made since its 2018 rate filing and will make through February of 2024. The capital investments are necessary to improve resiliency and reliability of the Company&#39;s utility systems. Capital investment has or will be made to: rehabilitate the Lake Williams Dam to comply with current regulatory standards; reinforce, replace, and reline aging water mains; replace service lines, meters, and hydrants, including replacement of all company-owned lead service lines within a compressed two-year time frame; construct a wastewater treatment plant to serve the wastewater needs of a growing community; enhance security across certain assets, and provide enhanced redundancy in case of emergencies; increase water quality and operational efficiency through upgrades to facilities and equipment; and expansion and improvements of the water and wastewater treatment plants and other facilities to better meet current and upcoming regulations.
Hand said: &quot;Costs to be recovered in this rate filing include replacement costs for over 45 miles of aging pipeline, or about&nbsp;4.5%&nbsp;of our total pipe, which extends the life of our infrastructure, reduces costs associated with main breaks and leaks, and provides improved customer service, water quality and reliability. In addition to these capital investments, we are also seeking to recover increased costs such as personnel expenses, depreciation, and increases in normal operations and maintenance expenses. York Water remains one of the most efficient water and wastewater utilities in the nation, continuing to reduce or eliminate various expenses since its last rate case, including reduction in income taxes from the tax repair deductions. This has helped to offset and delay this proposed increase in rates.&quot;
The York Water Company is the oldest investor-owned water utility in the United States serving approximately 204,000 people in 51 municipalities in York, Adams, and Franklin Counties, South Central, Pennsylvania.

York Water Co. Files For Rate Increase

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York Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YORW#NASDAQ">YORW</a>) reported quarterly earnings of $0.29 per share. This is a 3.57 percent increase over earnings of $0.28 per share from the same period last year.

York Water Q1 EPS $0.29 Up From $0.28 YoY

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