Zacks: Analysts Expect Aqua America, Inc. (WTR) Will Post Earnings of $0.44 Per Share
Equities analysts predict that Aqua America, Inc. (NYSE:WTR) will announce earnings of $0.44 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Aqua America’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. Aqua America posted earnings of $0.41 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Aqua America will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.39. For the next year, analysts anticipate that the business will post earnings of $1.44 per share, with EPS estimates ranging from $1.40 to $1.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Aqua America.
Aqua America (NYSE:WTR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS.
WTR has been the topic of a number of research analyst reports. Northcoast Research initiated coverage on Aqua America in a report on Thursday, May 25th. They set a “neutral” rating on the stock. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research downgraded Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.25.
In other news, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the sale, the chief operating officer now directly owns 18,788 shares in the company, valued at approximately $617,937.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total value of $137,886.00. Following the sale, the director now owns 2,207 shares in the company, valued at $72,455.81. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in WTR. Thompson Davis & CO. Inc. boosted its stake in shares of Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock worth $106,000 after buying an additional 132 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock worth $125,000 after buying an additional 53 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock worth $149,000 after buying an additional 431 shares during the last quarter. Barrett Asset Management LLC bought a new stake in shares of Aqua America during the second quarter worth $197,000. Finally, Huntington National Bank boosted its stake in shares of Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock worth $199,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 51.04% of the company’s stock.
Aqua America (WTR) traded up 0.39% on Friday, reaching $33.53. The company’s stock had a trading volume of 429,820 shares. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 25.60 and a beta of 0.52. Aqua America has a 52 week low of $28.03 and a 52 week high of $34.41. The firm’s 50 day moving average price is $33.57 and its 200-day moving average price is $32.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.2047 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, August 14th. Aqua America’s dividend payout ratio is presently 62.60%.
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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