Wall Street analysts expect that Aqua America Inc (NYSE:WTR) will post $0.45 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aqua America’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.39. Aqua America posted earnings per share of $0.44 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The company is expected to issue its next earnings results on Monday, November 4th.

On average, analysts expect that Aqua America will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.40 to $1.49. For the next fiscal year, analysts expect that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.49 to $1.72. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Aqua America.

Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). The firm had revenue of $218.90 million for the quarter, compared to analyst estimates of $221.07 million. Aqua America had a return on equity of 10.13% and a net margin of 17.18%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS.

WTR has been the subject of a number of research reports. Evercore ISI reissued a “hold” rating and issued a $37.00 price target on shares of Aqua America in a report on Sunday, August 11th. Wells Fargo & Co set a $47.00 price target on shares of Aqua America and gave the company a “hold” rating in a report on Tuesday, September 3rd. HSBC set a $46.00 price target on shares of Aqua America and gave the company a “buy” rating in a report on Friday, June 28th. Bank of America initiated coverage on shares of Aqua America in a report on Monday, July 15th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating and set a $47.00 price target for the company in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.00.

In other news, Director Daniel J. Hilferty III purchased 1,153 shares of Aqua America stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $43.35 per share, with a total value of $49,982.55. Following the completion of the transaction, the director now directly owns 8,720 shares in the company, valued at approximately $378,012. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Hilferty III purchased 1,152 shares of Aqua America stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $43.38 per share, for a total transaction of $49,973.76. Following the completion of the transaction, the director now owns 9,872 shares of the company’s stock, valued at $428,247.36. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bremer Bank National Association acquired a new stake in shares of Aqua America during the first quarter worth $25,000. Signaturefd LLC raised its holdings in shares of Aqua America by 1,365.2% during the first quarter. Signaturefd LLC now owns 674 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 628 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Aqua America during the second quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of Aqua America during the second quarter worth $28,000. Finally, Centersquare Investment Management LLC acquired a new stake in shares of Aqua America during the second quarter worth $32,000. 65.17% of the stock is currently owned by institutional investors.

Shares of NYSE WTR traded down $0.17 during mid-day trading on Monday, hitting $43.40. 10,037 shares of the stock were exchanged, compared to its average volume of 928,960. The company has a market cap of $9.38 billion, a P/E ratio of 30.78, a PEG ratio of 4.93 and a beta of 0.37. The stock’s fifty day simple moving average is $43.23 and its two-hundred day simple moving average is $39.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.27 and a current ratio of 5.31. Aqua America has a twelve month low of $32.09 and a twelve month high of $45.50.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Friday, August 16th were paid a $0.2343 dividend. The ex-dividend date was Thursday, August 15th. This is a boost from Aqua America’s previous quarterly dividend of $0.22. This represents a $0.94 dividend on an annualized basis and a yield of 2.16%. Aqua America’s dividend payout ratio (DPR) is presently 66.67%.

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 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; and water and sewer line protection solutions, and repair services to households through third-party.

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