Brokerages Expect Aqua America Inc (WTR) Will Post Earnings of $0.31 Per Share
Brokerages predict that Aqua America Inc (NYSE:WTR) will announce earnings of $0.31 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Aqua America’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. Aqua America posted earnings per share of $0.28 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Aqua America will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.34 to $1.39. For the next fiscal year, analysts forecast that the business will report earnings of $1.44 per share, with EPS estimates ranging from $1.40 to $1.46. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Aqua America.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $215.01 million for the quarter, compared to analysts’ expectations of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS.
WTR has been the topic of a number of analyst reports. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Robert W. Baird reiterated a “hold” rating and set a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Barclays increased their target price on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Finally, Zacks Investment Research upgraded Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Aqua America has an average rating of “Buy” and a consensus price target of $38.20.
In related news, VP David Smeltzer sold 10,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the transaction, the vice president now directly owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert A. Rubin sold 12,499 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The disclosure for this sale can be found here. Insiders purchased a total of 75,500 shares of company stock worth $11,325 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. raised its position in Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 431 shares during the period. IFP Advisors Inc raised its position in Aqua America by 20.8% in the second quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 809 shares during the period. Headinvest LLC purchased a new position in Aqua America in the third quarter valued at about $203,000. Barrett Asset Management LLC purchased a new position in Aqua America in the second quarter valued at about $197,000. Finally, Private Vista LLC purchased a new position in Aqua America in the third quarter valued at about $205,000. 51.70% of the stock is currently owned by institutional investors.
Shares of Aqua America (WTR) opened at $37.75 on Friday. The company has a market capitalization of $6,537.24, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 4.27 and a beta of 0.57. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01. Aqua America has a fifty-two week low of $29.24 and a fifty-two week high of $38.20.
The company also recently announced a dec 17 dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.2047 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 16th. Aqua America’s dividend payout ratio (DPR) is currently 61.65%.
About Aqua America
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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