$66.87 Million in Sales Expected for Aris Water Solutions, Inc. (NYSE:ARIS) This Quarter

Wall Street analysts expect Aris Water Solutions, Inc. (NYSE:ARISGet Rating) to report sales of $66.87 million for the current quarter, Zacks reports. Three analysts have made estimates for Aris Water Solutions’ earnings. The lowest sales estimate is $66.43 million and the highest is $67.10 million. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Aris Water Solutions will report full-year sales of $299.20 million for the current fiscal year, with estimates ranging from $292.00 million to $307.84 million. For the next year, analysts expect that the business will report sales of $381.37 million, with estimates ranging from $373.32 million to $398.18 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Aris Water Solutions.

Aris Water Solutions (NYSE:ARISGet Rating) last issued its quarterly earnings results on Monday, February 28th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.13. The business had revenue of $66.98 million for the quarter, compared to the consensus estimate of $64.03 million.

Separately, Capital One Financial upgraded Aris Water Solutions from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 25th.

Shares of ARIS opened at $18.02 on Friday. The company has a fifty day moving average price of $17.33. Aris Water Solutions has a 1 year low of $10.06 and a 1 year high of $19.68.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Investors of record on Thursday, March 17th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 16th.

Aris Water Solutions Company Profile (Get Rating)

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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