Brokerages expect Aqua America Inc (NYSE:WTR) to report earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Aqua America’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Aqua America reported earnings of $0.28 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The company is scheduled to report its next earnings results after the market closes on Tuesday, May 8th.
On average, analysts expect that Aqua America will report full-year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.45. For the next year, analysts forecast that the company will post earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Aqua America.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Aqua America had a net margin of 29.61% and a return on equity of 12.68%. The business had revenue of $203.30 million during the quarter, compared to the consensus estimate of $208.26 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.
WTR has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Monday, January 15th. UBS began coverage on shares of Aqua America in a research note on Thursday, March 8th. They set a “neutral” rating and a $36.00 target price for the company. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Finally, Wells Fargo lowered shares of Aqua America from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $43.00 to $37.00 in a research note on Monday, February 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.29.
Shares of NYSE:WTR opened at $33.94 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 1.03. Aqua America has a fifty-two week low of $31.18 and a fifty-two week high of $39.55. The stock has a market cap of $5,938.64, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 3.95 and a beta of 0.44.
Institutional investors have recently bought and sold shares of the business. Capital Analysts LLC acquired a new position in Aqua America during the 4th quarter valued at about $1,165,000. Personal Capital Advisors Corp boosted its stake in Aqua America by 5.4% during the 4th quarter. Personal Capital Advisors Corp now owns 603,144 shares of the utilities provider’s stock valued at $23,661,000 after purchasing an additional 30,632 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Aqua America by 117.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 273,333 shares of the utilities provider’s stock worth $9,088,000 after acquiring an additional 147,528 shares during the period. DE Burlo Group Inc. acquired a new stake in shares of Aqua America in the 4th quarter worth approximately $2,436,000. Finally, LPL Financial LLC lifted its stake in shares of Aqua America by 37.7% in the 4th quarter. LPL Financial LLC now owns 59,428 shares of the utilities provider’s stock worth $2,331,000 after acquiring an additional 16,283 shares during the period. 53.85% of the stock is owned by hedge funds and other institutional investors.
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Aqua America Company Profile
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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