Aqua America (NYSE:WTR) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $1.40-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. Aqua America also updated its FY 2018 guidance to $1.40-1.42 EPS.
Shares of WTR stock traded up $0.11 during trading hours on Monday, hitting $33.03. The stock had a trading volume of 940,737 shares, compared to its average volume of 606,021. The company has a market capitalization of $5.86 billion, a P/E ratio of 24.11, a PEG ratio of 4.43 and a beta of 0.50. Aqua America has a twelve month low of $32.12 and a twelve month high of $39.55. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Friday, November 16th will be issued a $0.219 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, November 15th. Aqua America’s payout ratio is currently 64.23%.
Several equities research analysts have recently weighed in on WTR shares. Boenning Scattergood raised Aqua America from a neutral rating to an outperform rating in a report on Monday, August 20th. Evercore ISI started coverage on Aqua America in a report on Monday, September 17th. They issued an in-line rating and a $37.00 price objective for the company. Zacks Investment Research downgraded Aqua America from a buy rating to a hold rating in a report on Monday, October 22nd. ValuEngine raised Aqua America from a hold rating to a buy rating in a report on Wednesday, August 8th. Finally, Macquarie set a $35.00 price objective on Aqua America and gave the company a hold rating in a report on Thursday, October 25th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $37.83.
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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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