Analysts expect that AquaVenture Holdings Ltd (NYSE:WAAS) will announce sales of $31.76 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AquaVenture’s earnings, with estimates ranging from $31.30 million to $32.21 million. AquaVenture posted sales of $29.85 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The company is scheduled to issue its next earnings results on Monday, March 26th.
On average, analysts expect that AquaVenture will report full-year sales of $31.76 million for the current fiscal year, with estimates ranging from $120.10 million to $121.00 million. For the next financial year, analysts forecast that the company will report sales of $131.50 million per share, with estimates ranging from $129.00 million to $134.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AquaVenture.
AquaVenture (NYSE:WAAS) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.06). The company had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.63 million. AquaVenture had a negative net margin of 22.56% and a negative return on equity of 7.38%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of AquaVenture from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. BidaskClub upgraded shares of AquaVenture from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 2nd. ValuEngine upgraded shares of AquaVenture from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Royal Bank of Canada reiterated a “buy” rating and set a $19.00 target price on shares of AquaVenture in a research report on Wednesday, October 11th. Finally, Citigroup reiterated a “buy” rating and set a $21.00 target price (down previously from $24.00) on shares of AquaVenture in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $22.00.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in AquaVenture by 61.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after purchasing an additional 4,324 shares during the period. Rhumbline Advisers purchased a new stake in shares of AquaVenture in the second quarter worth about $182,000. New York State Common Retirement Fund lifted its holdings in shares of AquaVenture by 93.9% in the second quarter. New York State Common Retirement Fund now owns 12,800 shares of the company’s stock worth $195,000 after buying an additional 6,199 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of AquaVenture by 15.6% in the second quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock worth $236,000 after buying an additional 2,090 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of AquaVenture in the third quarter worth about $260,000. Hedge funds and other institutional investors own 36.78% of the company’s stock.
AquaVenture (WAAS) opened at $14.94 on Friday. The company has a current ratio of 5.94, a quick ratio of 5.60 and a debt-to-equity ratio of 0.47. The firm has a market cap of $394.42, a PE ratio of -14.79 and a beta of 1.25. AquaVenture has a 1 year low of $10.87 and a 1 year high of $20.67.
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AquaVenture Company Profile
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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