Brokers Set Expectations for Aris Water Solutions, Inc.’s Q2 2024 Earnings (NYSE:ARIS)
Aris Water Solutions, Inc. (NYSE:ARIS – Free Report) – Investment analysts at US Capital Advisors increased their Q2 2024 earnings estimates for shares of Aris Water Solutions in a research report issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.27. The consensus estimate for Aris Water Solutions’ current full-year earnings is $0.97 per share. US Capital Advisors also issued estimates for Aris Water Solutions’ Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.33 EPS, FY2024 earnings at $1.19 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.34 EPS.
Aris Water Solutions (NYSE:ARIS – Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The firm had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million.
ARIS has been the subject of several other research reports. Wells Fargo & Company upped their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. TheStreet raised shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Citigroup increased their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Aris Water Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $12.25.
Get Our Latest Report on Aris Water Solutions
Aris Water Solutions Stock Up 3.6 %
Shares of NYSE:ARIS opened at $14.22 on Wednesday. The company’s fifty day moving average is $13.31 and its two-hundred day moving average is $10.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. Aris Water Solutions has a 1-year low of $6.78 and a 1-year high of $15.31. The stock has a market capitalization of $821.77 million, a price-to-earnings ratio of 23.70 and a beta of 1.65.
Aris Water Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.09 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a yield of 2.53%. Aris Water Solutions’s dividend payout ratio is currently 60.00%.
Hedge Funds Weigh In On Aris Water Solutions
Several hedge funds have recently bought and sold shares of ARIS. Ranger Investment Management L.P. grew its stake in shares of Aris Water Solutions by 1.5% in the fourth quarter. Ranger Investment Management L.P. now owns 2,040,756 shares of the company’s stock worth $17,122,000 after acquiring an additional 30,269 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Aris Water Solutions by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company’s stock worth $10,825,000 after purchasing an additional 27,988 shares during the period. Wasatch Advisors LP raised its position in shares of Aris Water Solutions by 14.4% during the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock valued at $5,761,000 after buying an additional 86,207 shares during the last quarter. Scout Investments Inc. lifted its stake in shares of Aris Water Solutions by 9.2% in the fourth quarter. Scout Investments Inc. now owns 568,267 shares of the company’s stock valued at $4,768,000 after buying an additional 47,692 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Aris Water Solutions by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 558,529 shares of the company’s stock valued at $5,574,000 after acquiring an additional 29,264 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.
About Aris Water Solutions
Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company’s produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.
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