Artesian Resources Future Growth

Future criteria checks 0/6

Artesian Resources is forecast to grow revenue at 3.9% per annum. EPS is expected to grow by 3.5% per annum.

Key information

n/a

Earnings growth rate

3.5%

EPS growth rate

Water Utilities earnings growth	7.0%
Revenue growth rate	3.9%
Future return on equity	n/a
Analyst coverage	Low
Last updated	11 Nov 2024

Recent future growth updates

Earnings Beat: Artesian Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Aug 12

Recent updates

Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.3014

Nov 08

Artesian Resources Corporation's (NASDAQ:ARTN.A) Share Price Matching Investor Opinion

May 29

Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.2897

Nov 10

Earnings Beat: Artesian Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Aug 12

Artesian Resources (NASDAQ:ARTN.A) Will Pay A Larger Dividend Than Last Year At $0.284

May 13

Artesian Resources' (NASDAQ:ARTN.A) Upcoming Dividend Will Be Larger Than Last Year's

Nov 07

Artesian Resources (NASDAQ:ARTN.A) Has Announced That It Will Be Increasing Its Dividend To US$0.27

Apr 18

Artesian Resources' (NASDAQ:ARTN.A) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 26

These 4 Measures Indicate That Artesian Resources (NASDAQ:ARTN.A) Is Using Debt Extensively

Jun 10

If You Like EPS Growth Then Check Out Artesian Resources (NASDAQ:ARTN.A) Before It's Too Late

May 26

Is Artesian Resources Corporation (NASDAQ:ARTN.A) A Great Dividend Stock?

May 11

Investors Met With Slowing Returns on Capital At Artesian Resources (NASDAQ:ARTN.A)

Apr 28

Did You Participate In Any Of Artesian Resources' (NASDAQ:ARTN.A) Respectable 84% Return?

Mar 16

Does Artesian Resources (NASDAQ:ARTN.A) Have A Healthy Balance Sheet?

Mar 03

I Built A List Of Growing Companies And Artesian Resources (NASDAQ:ARTN.A) Made The Cut

Feb 18

Should Artesian Resources Corporation (NASDAQ:ARTN.A) Be Part Of Your Dividend Portfolio?

Feb 05

Will Artesian Resources (NASDAQ:ARTN.A) Multiply In Value Going Forward?

Jan 23

Should You Be Excited About Artesian Resources Corporation's (NASDAQ:ARTN.A) 10% Return On Equity?

Jan 06

What Is The Ownership Structure Like For Artesian Resources Corporation (NASDAQ:ARTN.A)?

Dec 24

Shareholders Of Artesian Resources (NASDAQ:ARTN.A) Must Be Happy With Their 78% Return

Dec 09

Is Artesian Resources (NASDAQ:ARTN.A) A Risky Investment?

Nov 27

Earnings and Revenue Growth Forecasts

NasdaqGS:ARTN.A - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	115	N/A	N/A	N/A	1
12/31/2025	111	N/A	N/A	N/A	1
12/31/2024	106	N/A	N/A	N/A	1
9/30/2024	106	20	-6	39	N/A
6/30/2024	103	18	-12	36	N/A
3/31/2024	101	17	-20	34	N/A
12/31/2023	99	17	-30	32	N/A
9/30/2023	99	16	-38	23	N/A
6/30/2023	99	17	-32	26	N/A
3/31/2023	99	17	-33	23	N/A
12/31/2022	99	18	-24	24	N/A
9/30/2022	97	19	-10	37	N/A
6/30/2022	95	18	-14	31	N/A
3/31/2022	92	17	-11	33	N/A
12/31/2021	91	17	-10	31	N/A
9/30/2021	90	17	-13	26	N/A
6/30/2021	90	17	-14	22	N/A
3/31/2021	89	17	-8	23	N/A
12/31/2020	88	17	-14	20	N/A
9/30/2020	87	17	-19	20	N/A
6/30/2020	85	16	-18	22	N/A
3/31/2020	84	15	-22	18	N/A
12/31/2019	84	15	-22	19	N/A
9/30/2019	82	15	-20	21	N/A
6/30/2019	81	14	-19	25	N/A
3/31/2019	81	14	-17	31	N/A
12/31/2018	80	14	-20	29	N/A
9/30/2018	81	15	-17	31	N/A
6/30/2018	82	15	N/A	33	N/A
3/31/2018	82	14	N/A	32	N/A
12/31/2017	82	14	N/A	36	N/A
9/30/2017	81	13	N/A	33	N/A
6/30/2017	81	13	N/A	32	N/A
3/31/2017	80	13	N/A	33	N/A
12/31/2016	79	13	N/A	30	N/A
9/30/2016	78	12	N/A	28	N/A
6/30/2016	77	11	N/A	27	N/A
3/31/2016	78	12	N/A	27	N/A
12/31/2015	77	11	N/A	28	N/A
9/30/2015	76	12	N/A	24	N/A
6/30/2015	75	11	N/A	23	N/A
3/31/2015	74	10	N/A	21	N/A
12/31/2014	72	10	N/A	18	N/A
9/30/2014	71	9	N/A	23	N/A
6/30/2014	70	8	N/A	22	N/A
3/31/2014	70	9	N/A	21	N/A
12/31/2013	69	8	N/A	21	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ARTN.A's forecast earnings growth is above the savings rate (2.6%).

Earnings vs Market: Insufficient data to determine if ARTN.A's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if ARTN.A's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ARTN.A's revenue (3.9% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: ARTN.A's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ARTN.A's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 11:32
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Artesian Resources Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Parker	Baird
Ryan Connors	Boenning & Scattergood, Inc.
Michael Gaugler	Janney Montgomery Scott LLC

Artesian Resources Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 7.1% to US$52.00

Earnings Beat: Artesian Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Price target increased to US$61.00

Price target increased to US$61.00

Price target increased to US$60.50

Recent updates

Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.3014

Third quarter dividend of US$0.30 announced

Third quarter 2024 earnings: EPS exceeds analyst expectations

Artesian Resources Corporation Approves Increased Quarterly Common Stock Dividend for Class A and Class B, Payable November 25, 2024

Second quarter dividend of US$0.30 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Artesian Resources Corporation Announces Quarterly Dividend on Class A and Class B Common Stock, Payable on August 27, 2024

Now 21% overvalued after recent price rise

Artesian Resources Corporation's (NASDAQ:ARTN.A) Share Price Matching Investor Opinion

First quarter dividend of US$0.30 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Now 22% overvalued after recent price rise

Artesian Resources Corporation Announces Quarterly Dividend on Class A and Class B Common Stock, Payable on May 28, 2024

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter dividend of US$0.29 announced

Artesian Resources Corporation Declares Regular Quarterly Dividend, Payable on February 23, 2024

Senior Vice President of Operations recently sold US$110k worth of stock

Board Member notifies of intention to sell stock

Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.2897

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Artesian Resources Corporation Announces Increase in Quarterly Common Stock Dividend, Payable on November 24, 2023

Price target decreased by 7.1% to US$52.00

Earnings Beat: Artesian Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

New major risk - Dividend sustainability

Artesian Resources Corporation Declares Regular Quarterly Dividend, Payable on August 25, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Artesian Resources Corporation has completed a Follow-on Equity Offering in the amount of $34.7825 million.

Artesian Resources (NASDAQ:ARTN.A) Will Pay A Larger Dividend Than Last Year At $0.284

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Artesian Resources Corporation Announces Increase in Quarterly Common Stock Dividend, Payable on May 26, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.28 per share at 1.9% yield

Artesian Resources Corporation Declares Quarterly Common Stock Dividend, Payable on February 23, 2023

Chairperson exercised options and sold US$164k worth of stock

Chairperson notifies of intention to sell stock

Independent Director notifies of intention to sell stock

Price target increased to US$61.00

Insufficient new directors

Artesian Resources' (NASDAQ:ARTN.A) Upcoming Dividend Will Be Larger Than Last Year's

Third quarter 2022 earnings: Revenues exceed analyst expectations

Artesian Resources Corporation Increases Quarterly Dividend, Payable on November 23, 2022

Independent Director notifies of intention to sell stock

Chairperson notifies of intention to sell stock

Price target increased to US$61.00

Independent Director notifies of intention to sell stock

Price target increased to US$60.50

Second quarter 2022 earnings: Revenues exceed analyst expectations

Upcoming dividend of US$0.27 per share

Artesian Water Company, Inc. Updates on Final Judgment Relating to Releases of Contaminants from the Site

Artesian Resources Corporation Declares Common Stock Dividend, Payable August 23, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.27 per share

Insufficient new directors

Artesian Resources (NASDAQ:ARTN.A) Has Announced That It Will Be Increasing Its Dividend To US$0.27

Artesian Resources Corporation Increases Quarterly Dividend on its Class A and Class B Common Stock, Payable on May 23, 2022

Chairperson exercised options and sold US$189k worth of stock

Independent Director exercised options and sold US$170k worth of stock

Full year 2021 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.27 per share

Board Member notifies of intention to sell stock

Third quarter 2021 earnings released: EPS US$0.54 (vs US$0.54 in 3Q 2020)

Insufficient new directors

Upcoming dividend of US$0.27 per share

Insufficient new directors

Artesian Resources' (NASDAQ:ARTN.A) Shareholders Will Receive A Bigger Dividend Than Last Year

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.49 in 2Q 2020)

Upcoming dividend of US$0.26 per share

Artesian Resources Corporation(NasdaqGS:ARTN.A) dropped from Russell Microcap Growth Index

These 4 Measures Indicate That Artesian Resources (NASDAQ:ARTN.A) Is Using Debt Extensively

If You Like EPS Growth Then Check Out Artesian Resources (NASDAQ:ARTN.A) Before It's Too Late