Zacks: Analysts Anticipate AquaVenture Holdings Ltd (WAAS) Will Post Quarterly Sales of $31.35 Million
Brokerages expect AquaVenture Holdings Ltd (NASDAQ:WAAS) to report sales of $31.35 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AquaVenture Holdings’ earnings. The lowest sales estimate is $31.00 million and the highest is $31.70 million. The business is scheduled to issue its next earnings report on Tuesday, August 8th.
According to Zacks, analysts expect that AquaVenture Holdings will report full-year sales of $31.35 million for the current financial year, with estimates ranging from $127.00 million to $129.00 million. For the next year, analysts anticipate that the firm will report sales of $145.68 million per share, with estimates ranging from $138.70 million to $152.66 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for AquaVenture Holdings.
AquaVenture Holdings (NASDAQ:WAAS) last posted its quarterly earnings data on Tuesday, May 9th. The company reported ($0.23) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.23). AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. The firm had revenue of $29.01 million during the quarter, compared to analyst estimates of $29.93 million. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis.
Several brokerages have recently commented on WAAS. Raymond James Financial, Inc. raised shares of AquaVenture Holdings from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 23rd. They noted that the move was a valuation call. Royal Bank Of Canada lowered their price objective on shares of AquaVenture Holdings from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, March 13th. Zacks Investment Research downgraded shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $28.00 price target on shares of AquaVenture Holdings in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. AquaVenture Holdings presently has an average rating of “Buy” and a consensus price target of $27.00.
AquaVenture Holdings (NASDAQ:WAAS) traded down 0.73% on Thursday, hitting $16.23. The stock had a trading volume of 32,673 shares. The company’s market cap is $428.60 million. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $18.88. AquaVenture Holdings has a 52-week low of $14.30 and a 52-week high of $26.33.
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In related news, CEO Douglas R. Brown purchased 16,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average cost of $16.72 per share, with a total value of $275,880.00. Following the completion of the purchase, the chief executive officer now directly owns 1,435,845 shares in the company, valued at $24,007,328.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas R. Brown purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average cost of $17.05 per share, with a total value of $170,500.00. Following the completion of the purchase, the chief executive officer now owns 1,445,845 shares of the company’s stock, valued at $24,651,657.25. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 32,800 shares of company stock valued at $547,558.
Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in AquaVenture Holdings by 23.7% in the first quarter. Goldman Sachs Group Inc. now owns 55,671 shares of the company’s stock worth $950,000 after buying an additional 10,672 shares during the last quarter. Summit Partners Public Asset Management LLC increased its position in shares of AquaVenture Holdings by 50.1% in the first quarter. Summit Partners Public Asset Management LLC now owns 180,000 shares of the company’s stock worth $3,073,000 after buying an additional 60,100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of AquaVenture Holdings by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,511 shares of the company’s stock worth $385,000 after buying an additional 1,026 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of AquaVenture Holdings during the first quarter worth $262,000. Finally, Geode Capital Management LLC increased its position in shares of AquaVenture Holdings by 16.3% in the first quarter. Geode Capital Management LLC now owns 77,711 shares of the company’s stock worth $1,326,000 after buying an additional 10,914 shares in the last quarter.
AquaVenture Holdings Company Profile
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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