Equities analysts expect Aqua America Inc (NYSE:WTR) to announce sales of $199.40 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Aqua America’s earnings, with the lowest sales estimate coming in at $195.30 million and the highest estimate coming in at $207.00 million. Aqua America reported sales of $187.79 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, May 8th.
On average, analysts expect that Aqua America will report full year sales of $199.40 million for the current financial year, with estimates ranging from $841.91 million to $926.80 million. For the next year, analysts anticipate that the company will post sales of $930.95 million per share, with estimates ranging from $884.00 million to $989.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Aqua America.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $203.30 million during the quarter, compared to the consensus estimate of $208.26 million. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. Aqua America’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS.
Several research analysts have weighed in on WTR shares. Zacks Investment Research upgraded Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, January 15th. Argus boosted their price target on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Wells Fargo downgraded Aqua America from an “outperform” rating to a “market perform” rating and cut their price target for the company from $43.00 to $37.00 in a report on Monday, February 26th. UBS started coverage on Aqua America in a report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 price target for the company. Finally, Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.29.
WTR traded down $0.28 during trading on Monday, hitting $33.69. The company’s stock had a trading volume of 605,204 shares, compared to its average volume of 601,084. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.41 and a current ratio of 0.46. The company has a market capitalization of $6,038.18, a PE ratio of 24.59, a price-to-earnings-growth ratio of 4.02 and a beta of 0.44. Aqua America has a twelve month low of $31.18 and a twelve month high of $39.55.
Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Aqua America during the 4th quarter worth $787,000. MetLife Investment Advisors LLC acquired a new stake in shares of Aqua America during the 4th quarter worth $4,411,000. HBK Sorce Advisory LLC acquired a new stake in shares of Aqua America during the 4th quarter worth $321,000. Vident Investment Advisory LLC increased its holdings in shares of Aqua America by 74.6% during the 4th quarter. Vident Investment Advisory LLC now owns 16,537 shares of the utilities provider’s stock worth $648,000 after buying an additional 7,064 shares during the last quarter. Finally, Hoylecohen LLC acquired a new stake in shares of Aqua America during the 4th quarter worth $1,269,000. Institutional investors and hedge funds own 53.85% of the company’s stock.
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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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