Aris Water Solutions (ARIS) Scheduled to Post Quarterly Earnings on Tuesday

Aris Water Solutions (NYSE:ARIS) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Aris Water Solutions to post earnings of $0.21 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $97.65 million. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $14.64 on Friday. The business has a 50 day moving average price of $13.51 and a 200 day moving average price of $10.20. The company has a market capitalization of $846.05 million, a P/E ratio of 24.40 and a beta of 1.65. Aris Water Solutions has a 1-year low of $6.78 and a 1-year high of $15.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio is currently 60.00%.

Analysts Set New Price Targets

Several research firms have weighed in on ARIS. Wells Fargo & Company raised their target price on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Citigroup lifted their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, The Goldman Sachs Group increased their target price on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.25.

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.