Aqua America (NYSE:WTR) updated its FY 2018 earnings guidance on Monday. The company provided EPS guidance of $1.40-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40.
A number of research firms have commented on WTR. ValuEngine downgraded Aqua America from a buy rating to a hold rating in a research report on Saturday, October 27th. Zacks Investment Research upgraded Aqua America from a sell rating to a hold rating in a research report on Monday, July 16th. Evercore ISI began coverage on Aqua America in a research report on Monday, September 17th. They set an in-line rating and a $37.00 target price on the stock. Macquarie set a $35.00 target price on Aqua America and gave the stock a hold rating in a research report on Thursday, October 25th. Finally, Boenning Scattergood upgraded Aqua America from a neutral rating to an outperform rating in a research report on Monday, August 20th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Aqua America has a consensus rating of Hold and an average price target of $37.83.
Shares of NYSE:WTR traded up $0.11 on Monday, hitting $33.03. The company had a trading volume of 940,737 shares, compared to its average volume of 606,021. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.09. Aqua America has a 52-week low of $32.12 and a 52-week high of $39.55. The company has a market capitalization of $5.86 billion, a P/E ratio of 24.11, a P/E/G ratio of 4.43 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Friday, November 16th will be given a $0.219 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.65%. Aqua America’s dividend payout ratio is currently 64.23%.
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Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.
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