Equities analysts predict that AquaVenture Holdings Ltd (NYSE:WAAS) will post sales of $49.48 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for AquaVenture’s earnings, with the highest sales estimate coming in at $50.10 million and the lowest estimate coming in at $48.63 million. AquaVenture reported sales of $41.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 26th.

On average, analysts expect that AquaVenture will report full year sales of $200.34 million for the current financial year, with estimates ranging from $199.52 million to $201.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $209.43 million, with estimates ranging from $207.50 million to $211.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow AquaVenture.

AquaVenture (NYSE:WAAS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.07. AquaVenture had a negative net margin of 10.28% and a negative return on equity of 5.64%. The company had revenue of $52.90 million during the quarter, compared to the consensus estimate of $49.13 million. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The firm’s revenue was up 43.8% compared to the same quarter last year.

WAAS has been the subject of a number of analyst reports. ValuEngine downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Royal Bank of Canada downgraded shares of AquaVenture from an “outperform” rating to a “sector perform” rating and set a $27.10 target price for the company. in a research report on Tuesday, December 24th. B. Riley downgraded shares of AquaVenture from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $27.10 in a research report on Tuesday, December 24th. Raymond James downgraded shares of AquaVenture from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 24th. Finally, Lake Street Capital downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.06.

AquaVenture stock traded up $0.09 during mid-day trading on Friday, reaching $26.96. The company’s stock had a trading volume of 611,100 shares, compared to its average volume of 495,262. The company has a market capitalization of $852.85 million, a price-to-earnings ratio of -37.44 and a beta of 1.04. AquaVenture has a 12 month low of $16.08 and a 12 month high of $27.78. The business’s 50 day simple moving average is $24.92 and its 200 day simple moving average is $20.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.64 and a current ratio of 4.09.

Institutional investors and hedge funds have recently made changes to their positions in the company. Monarch Partners Asset Management LLC grew its position in shares of AquaVenture by 140.3% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 615,927 shares of the company’s stock valued at $11,967,000 after acquiring an additional 359,578 shares during the period. Northern Trust Corp grew its position in shares of AquaVenture by 3.8% in the 2nd quarter. Northern Trust Corp now owns 127,850 shares of the company’s stock valued at $2,553,000 after acquiring an additional 4,679 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of AquaVenture by 8.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 219,891 shares of the company’s stock valued at $4,392,000 after acquiring an additional 17,420 shares during the period. Handelsinvest Investeringsforvaltning grew its position in shares of AquaVenture by 87.9% in the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 310,000 shares of the company’s stock valued at $6,023,000 after acquiring an additional 145,000 shares during the period. Finally, First Trust Advisors LP grew its position in shares of AquaVenture by 58.7% in the 3rd quarter. First Trust Advisors LP now owns 322,570 shares of the company’s stock valued at $6,268,000 after acquiring an additional 119,306 shares during the period. 46.47% of the stock is owned by institutional investors.

About AquaVenture

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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