Brokers Issue Forecasts for Evoqua Water Technologies Corp’s FY2019 Earnings (AQUA)
Evoqua Water Technologies Corp (NYSE:AQUA) – Northcoast Research reduced their FY2019 earnings estimates for shares of Evoqua Water Technologies in a research report issued to clients and investors on Tuesday, February 5th. Northcoast Research analyst A. Cohen now forecasts that the company will post earnings per share of $0.51 for the year, down from their previous forecast of $0.57. Northcoast Research currently has a “Buy” rating and a $14.00 target price on the stock.
Evoqua Water Technologies (NYSE:AQUA) last issued its quarterly earnings results on Tuesday, February 5th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $232.00 million during the quarter, compared to analysts’ expectations of $311.99 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The business’s revenue was down 20.3% on a year-over-year basis.
AQUA opened at $12.15 on Thursday. Evoqua Water Technologies has a 12-month low of $7.92 and a 12-month high of $25.36.
In other news, insider Snehal Desai bought 10,927 shares of the stock in a transaction dated Thursday, November 29th. The shares were bought at an average price of $8.51 per share, for a total transaction of $92,988.77. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ronald C. Keating bought 54,418 shares of the stock in a transaction dated Monday, December 3rd. The shares were purchased at an average price of $9.20 per share, for a total transaction of $500,645.60. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 98,345 shares of company stock worth $910,544.
A number of institutional investors have recently bought and sold shares of the business. Bank of Montreal Can increased its stake in Evoqua Water Technologies by 78.3% during the 4th quarter. Bank of Montreal Can now owns 3,155 shares of the company’s stock worth $30,000 after acquiring an additional 1,386 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Evoqua Water Technologies by 30.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 14,080 shares of the company’s stock worth $135,000 after acquiring an additional 3,282 shares during the period. Raymond James & Associates increased its stake in Evoqua Water Technologies by 12.1% during the 2nd quarter. Raymond James & Associates now owns 42,044 shares of the company’s stock worth $862,000 after acquiring an additional 4,525 shares during the period. Bank of America Corp DE increased its stake in Evoqua Water Technologies by 4.5% during the 2nd quarter. Bank of America Corp DE now owns 177,016 shares of the company’s stock worth $3,629,000 after acquiring an additional 7,632 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in Evoqua Water Technologies during the 4th quarter worth $75,000.
About Evoqua Water Technologies
Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.
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