Energy Services of America (NASDAQ:ESOA) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Energy Services of America (NASDAQ:ESOA) issued its quarterly earnings data on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05), Zacks reports.

Energy Services of America Trading Down 1.3 %

NASDAQ ESOA opened at $10.38 on Tuesday. The business’s 50-day moving average price is $13.45 and its 200 day moving average price is $11.55. Energy Services of America has a twelve month low of $5.70 and a twelve month high of $19.83.

Energy Services of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Energy Services of America’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 1.16%. Energy Services of America’s dividend payout ratio is 16.39%.

Insiders Place Their Bets

In other Energy Services of America news, Director Marshall T. Reynolds sold 34,713 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.04, for a total transaction of $556,796.52. Following the completion of the sale, the director now directly owns 1,525,373 shares in the company, valued at $24,466,982.92. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 44.68% of the stock is currently owned by insiders.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.