Wall Street analysts expect that Aqua America Inc (NYSE:WTR) will announce $0.43 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aqua America’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.41. Aqua America also reported earnings per share of $0.43 in the same quarter last year. The company is expected to announce its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Aqua America will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.41. For the next fiscal year, analysts forecast that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aqua America.

Aqua America (NYSE:WTR) last released its earnings results on Wednesday, August 1st. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Aqua America had a return on equity of 12.71% and a net margin of 29.97%. The company had revenue of $211.90 million during the quarter, compared to analyst estimates of $211.73 million. During the same quarter in the previous year, the company posted $0.34 EPS. Aqua America’s revenue for the quarter was up 4.2% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Evercore ISI assumed coverage on Aqua America in a research note on Monday, September 17th. They issued an “in-line” rating and a $37.00 target price for the company. Boenning Scattergood raised Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, August 20th. ValuEngine raised Aqua America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Aqua America presently has an average rating of “Hold” and a consensus target price of $38.14.

NYSE WTR opened at $37.15 on Wednesday. Aqua America has a 1-year low of $32.37 and a 1-year high of $39.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.75 and a quick ratio of 0.68. The stock has a market capitalization of $6.62 billion, a PE ratio of 27.12, a P/E/G ratio of 4.99 and a beta of 0.33.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, August 17th were given a dividend of $0.219 per share. This is a positive change from Aqua America’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, August 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.36%. Aqua America’s dividend payout ratio is presently 64.23%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in Aqua America by 2.9% during the 2nd quarter. Northern Trust Corp now owns 2,130,809 shares of the utilities provider’s stock valued at $74,962,000 after purchasing an additional 59,370 shares during the last quarter. Planning Directions Inc. bought a new position in Aqua America during the 2nd quarter valued at approximately $202,000. Truvestments Capital LLC bought a new position in Aqua America during the 2nd quarter valued at approximately $772,000. HM Payson & Co. raised its position in Aqua America by 5.3% during the 2nd quarter. HM Payson & Co. now owns 145,127 shares of the utilities provider’s stock valued at $5,105,000 after purchasing an additional 7,315 shares during the last quarter. Finally, City Holding Co. bought a new position in Aqua America during the 2nd quarter valued at approximately $136,000. 53.97% of the stock is owned by institutional investors and hedge funds.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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