AquaVenture Holdings Ltd (NYSE:WAAS) – Research analysts at B. Riley dropped their Q2 2019 earnings estimates for shares of AquaVenture in a research report issued on Thursday, May 9th. B. Riley analyst J. Van. Sinderen now anticipates that the company will earn ($0.14) per share for the quarter, down from their previous estimate of ($0.12). B. Riley also issued estimates for AquaVenture’s Q3 2019 earnings at ($0.13) EPS, Q4 2019 earnings at ($0.09) EPS and FY2019 earnings at ($0.57) EPS.
AquaVenture (NYSE:WAAS) last posted its earnings results on Wednesday, May 8th. The company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The company had revenue of $46.60 million during the quarter, compared to analyst estimates of $45.63 million. AquaVenture had a negative return on equity of 5.95% and a negative net margin of 12.62%. The business’s revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) earnings per share.
Several other research firms have also commented on WAAS. Citigroup set a $26.00 target price on AquaVenture and gave the company a “buy” rating in a report on Thursday, February 28th. ValuEngine raised AquaVenture from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th. Finally, Zacks Investment Research lowered AquaVenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $26.14.
NYSE:WAAS opened at $19.15 on Monday. The company has a market cap of $488.59 million, a PE ratio of -24.55 and a beta of 0.76. AquaVenture has a 52 week low of $13.64 and a 52 week high of $23.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.48 and a quick ratio of 2.12.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc grew its holdings in AquaVenture by 9.9% in the 3rd quarter. Vanguard Group Inc now owns 642,156 shares of the company’s stock worth $11,604,000 after buying an additional 57,978 shares in the last quarter. Vanguard Group Inc. grew its holdings in AquaVenture by 9.9% in the 3rd quarter. Vanguard Group Inc. now owns 642,156 shares of the company’s stock worth $11,604,000 after buying an additional 57,978 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in AquaVenture by 27.1% in the 4th quarter. Handelsbanken Fonder AB now owns 571,933 shares of the company’s stock worth $10,804,000 after buying an additional 121,933 shares in the last quarter. BlackRock Inc. grew its holdings in AquaVenture by 13.9% in the 4th quarter. BlackRock Inc. now owns 511,804 shares of the company’s stock worth $9,668,000 after buying an additional 62,320 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in AquaVenture by 21.2% in the 1st quarter. Renaissance Technologies LLC now owns 444,200 shares of the company’s stock worth $8,595,000 after buying an additional 77,800 shares in the last quarter. 34.13% of the stock is owned by institutional investors and hedge funds.
In other news, Director Evan Lovell sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $19.19, for a total transaction of $42,218.00. Following the completion of the transaction, the director now directly owns 7,617 shares of the company’s stock, valued at $146,170.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 57.00% of the stock is currently owned by corporate insiders.
AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.
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