Aqua America, Inc. (WTR) Scheduled to Post Quarterly Earnings on Wednesday
Aqua America, Inc. (NYSE:WTR) is set to issue its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Aqua America has set its FY17 guidance at $1.34-$1.39 EPS.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.02. Aqua America had a net margin of 28.41% and a return on equity of 12.62%. The company had revenue of $187.79 million for the quarter. On average, analysts expect Aqua America to post $1.36 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Aqua America, Inc. (NYSE WTR) opened at 33.35 on Wednesday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 25.56 and a beta of 0.53. The firm’s 50-day moving average is $33.20 and its 200-day moving average is $31.91. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.86.
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A number of analysts have weighed in on the stock. Northcoast Research assumed coverage on shares of Aqua America in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Aqua America has an average rating of “Hold” and a consensus target price of $32.25.
In other news, Director Richard H. Glanton sold 4,200 shares of Aqua America stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the transaction, the director now directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the transaction, the chief operating officer now directly owns 18,788 shares in the company, valued at $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
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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