Wall Street analysts expect that Aqua America Inc (NYSE:WTR) will post sales of $231.57 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Aqua America’s earnings, with estimates ranging from $221.00 million to $250.10 million. Aqua America posted sales of $215.01 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The business is expected to announce its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Aqua America will report full year sales of $850.42 million for the current financial year, with estimates ranging from $841.00 million to $869.00 million. For the next financial year, analysts forecast that the company will post sales of $890.50 million per share, with estimates ranging from $883.00 million to $898.00 million. Zacks’ sales averages are an average based on a survey of research firms that follow Aqua America.

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

A number of analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Aqua America in a research note on Monday, September 17th. They set an “in-line” rating and a $37.00 target price for the company. Boenning Scattergood upgraded shares of Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, August 20th. ValuEngine upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.14.

A number of institutional investors have recently modified their holdings of the business. Northern Trust Corp raised its stake in Aqua America by 2.9% in the 2nd quarter. Northern Trust Corp now owns 2,130,809 shares of the utilities provider’s stock worth $74,962,000 after purchasing an additional 59,370 shares in the last quarter. Planning Directions Inc. acquired a new stake in Aqua America in the 2nd quarter worth about $202,000. Truvestments Capital LLC acquired a new stake in Aqua America in the 2nd quarter worth about $772,000. HM Payson & Co. raised its stake in Aqua America by 5.3% in the 2nd quarter. HM Payson & Co. now owns 145,127 shares of the utilities provider’s stock worth $5,105,000 after purchasing an additional 7,315 shares in the last quarter. Finally, City Holding Co. acquired a new stake in Aqua America in the 2nd quarter worth about $136,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

NYSE WTR opened at $37.21 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.09. The stock has a market cap of $6.62 billion, a PE ratio of 27.16, a P/E/G ratio of 4.99 and a beta of 0.33. Aqua America has a 52-week low of $32.37 and a 52-week high of $39.55.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, August 17th were paid a $0.219 dividend. This is a boost from Aqua America’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.88 annualized dividend and a yield of 2.35%. Aqua America’s payout ratio is 64.23%.

Aqua America Company Profile

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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Earnings History and Estimates for Aqua America (NYSE:WTR)

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