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

Energy Services of America (NASDAQ:ESOA) announced its earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05), Zacks reports.

Energy Services of America Stock Performance

Shares of ESOA stock opened at $10.38 on Tuesday. The stock’s fifty day moving average is $13.45 and its two-hundred day moving average is $11.55. Energy Services of America has a fifty-two week low of $5.70 and a fifty-two week high of $19.83.

Energy Services of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a $0.03 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.02. Energy Services of America’s dividend payout ratio (DPR) is presently 16.39%.

Insider Buying and Selling at Energy Services of America

In other Energy Services of America news, Director Marshall T. Reynolds sold 34,713 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $16.04, for a total value of $556,796.52. Following the transaction, the director now owns 1,525,373 shares in the company, valued at approximately $24,466,982.92. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.