Wall Street analysts forecast that Aqua America, Inc. (NYSE:WTR) will post $235.67 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Aqua America’s earnings. The lowest sales estimate is $229.00 million and the highest is $239.60 million. Aqua America reported sales of $226.59 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The company is expected to report its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Aqua America will report full year sales of $235.67 million for the current year, with estimates ranging from $821.00 million to $883.10 million. For the next fiscal year, analysts forecast that the business will post sales of $891.65 million per share, with estimates ranging from $855.32 million to $927.77 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Aqua America.

Aqua America (NYSE:WTR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The business had revenue of $203.40 million during the quarter, compared to analyst estimates of $208.28 million. During the same period in the prior year, the company earned $0.33 earnings per share. Aqua America’s revenue was down .2% compared to the same quarter last year.

WTR has been the subject of a number of research analyst reports. BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Northcoast Research initiated coverage on shares of Aqua America in a research report on Thursday, May 25th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Aqua America has a consensus rating of “Hold” and a consensus target price of $32.25.

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In other news, Director Richard H. Glanton sold 4,200 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the sale, the director now owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Richard Scott Fox sold 5,750 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the sale, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at approximately $617,937.32. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. National Asset Management Inc. increased its position in shares of Aqua America by 26.9% in the second quarter. National Asset Management Inc. now owns 7,956 shares of the utilities provider’s stock valued at $265,000 after buying an additional 1,688 shares in the last quarter. Robecosam AG increased its position in shares of Aqua America by 41.0% in the second quarter. Robecosam AG now owns 172,332 shares of the utilities provider’s stock valued at $5,747,000 after buying an additional 50,152 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Aqua America by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 67,048 shares of the utilities provider’s stock valued at $2,232,000 after buying an additional 839 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Aqua America by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 260,756 shares of the utilities provider’s stock valued at $8,683,000 after buying an additional 4,673 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Aqua America by 58.8% in the second quarter. Flinton Capital Management LLC now owns 20,196 shares of the utilities provider’s stock valued at $673,000 after buying an additional 7,480 shares in the last quarter. 50.90% of the stock is owned by institutional investors.

Aqua America (WTR) opened at 33.78 on Wednesday. The firm’s 50-day moving average price is $33.30 and its 200 day moving average price is $32.32. Aqua America has a one year low of $28.03 and a one year high of $34.41. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 25.79 and a beta of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.2047 per share. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.42%. Aqua America’s payout ratio is presently 62.60%.

Aqua America Company Profile

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

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

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