Essential Utilities (NYSE:WTRG) issued an update on its FY21 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.64-1.69 for the period, compared to the Thomson Reuters consensus estimate of $1.67. Essential Utilities also updated its FY 2020
Pre-Market guidance to 1.58-1.58 EPS.

WTRG stock opened at $46.88 on Thursday. The stock has a 50-day moving average price of $46.55 and a 200-day moving average price of $44.46. Essential Utilities has a 1-year low of $30.40 and a 1-year high of $54.52. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 1.12. The firm has a market cap of $11.50 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 4.41 and a beta of 0.47.

Essential Utilities (NYSE:WTRG) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The business had revenue of $348.65 million during the quarter, compared to the consensus estimate of $342.00 million. Essential Utilities had a return on equity of 8.83% and a net margin of 25.15%. On average, analysts forecast that Essential Utilities will post 1.57 earnings per share for the current year.

A number of equities analysts have issued reports on WTRG shares. The Goldman Sachs Group upgraded Essential Utilities from a neutral rating to a conviction-buy rating in a research note on Monday, October 19th. Barclays lifted their price target on Essential Utilities from $45.00 to $50.00 and gave the company an equal weight rating in a research note on Wednesday, November 18th. Robert W. Baird increased their price target on Essential Utilities from $46.00 to $53.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, BidaskClub downgraded Essential Utilities from a buy rating to a hold rating in a research note on Friday, December 18th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $47.83.

In other news, COO Richard Scott Fox sold 5,310 shares of Essential Utilities stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $45.70, for a total transaction of $242,667.00. Following the completion of the sale, the chief operating officer now owns 21,424 shares in the company, valued at approximately $979,076.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Chris Franklin sold 34,001 shares of Essential Utilities stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $45.78, for a total value of $1,556,565.78. Following the sale, the chief executive officer now owns 144,768 shares of the company’s stock, valued at approximately $6,627,479.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,611 shares of company stock valued at $1,859,033. 0.19% of the stock is owned by corporate insiders.

About Essential Utilities

Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water 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; and water and sewer line protection solutions, and repair services to households through a third-party.

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Earnings History and Estimates for Essential Utilities (NYSE:WTRG)

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