Favorable Media Coverage Somewhat Unlikely to Impact Aqua America (WTR) Share Price
Media coverage about Aqua America (NYSE:WTR) has been trending positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aqua America earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.2321439869343 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
- In Light of 2017 Tax Act, Aqua America Reschedules Investor and Analyst Update – Business Wire (press release) (businesswire.com)
- ETFs with exposure to Aqua America, Inc. : December 29, 2017 (finance.yahoo.com)
- Aqua Pennsylvania Encourages Customers to Take Steps to Prevent Pipes from Freezing (finance.yahoo.com)
- Aqua America Expands Operation, to Exit 2017 on a High Note – Nasdaq (nasdaq.com)
WTR has been the topic of several analyst reports. Wells Fargo & Co upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Thursday, October 19th. Barclays lifted their target price on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Argus lifted their target price on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Finally, Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $38.67.
Aqua America (NYSE:WTR) traded down $0.39 during midday trading on Wednesday, reaching $38.26. The company had a trading volume of 661,713 shares, compared to its average volume of 580,638. Aqua America has a 12 month low of $29.41 and a 12 month high of $39.55. The stock has a market capitalization of $6,800.00, a P/E ratio of 28.77, a PEG ratio of 4.97 and a beta of 0.59. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business had revenue of $215.01 million for the quarter, compared to the consensus estimate of $234.40 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. sell-side analysts anticipate that Aqua America will post 1.36 earnings per share for the current fiscal year.
In other news, VP David Smeltzer sold 10,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,595,994.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 108,500 shares of company stock worth $14,175 over the last 90 days. Company insiders own 0.25% of the company’s stock.
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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