Aqua America, Inc. (WTR) Expected to Announce Quarterly Sales of $235.67 Million
Wall Street brokerages expect Aqua America, Inc. (NYSE:WTR) to post $235.67 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Aqua America’s earnings, with estimates ranging from $229.00 million to $239.60 million. Aqua America posted sales of $226.59 million in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The company is expected to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Aqua America will report full year sales of $235.67 million for the current year, with estimates ranging from $821.00 million to $883.10 million. For the next financial year, analysts expect that the firm will report sales of $891.65 million per share, with estimates ranging from $855.32 million to $927.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Aqua America.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS.
WTR has been the topic of several research analyst reports. Zacks Investment Research downgraded Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Northcoast Research initiated coverage on Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.25.
Shares of Aqua America (WTR) opened at 33.78 on Wednesday. Aqua America has a 12-month low of $28.03 and a 12-month high of $34.41. The company’s 50-day moving average price is $33.30 and its 200 day moving average price is $32.32. The firm has a market capitalization of $6.00 billion, a PE ratio of 25.79 and a beta of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be paid a $0.2047 dividend. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. This represents a $0.82 annualized dividend and a yield of 2.42%. Aqua America’s dividend payout ratio is presently 62.60%.
In other Aqua America news, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total transaction of $137,886.00. Following the sale, the director now owns 2,207 shares in the company, valued at $72,455.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total value of $189,117.50. Following the sale, the chief operating officer now owns 18,788 shares in the company, valued at approximately $617,937.32. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Large investors have recently bought and sold shares of the company. Personal Capital Advisors Corp increased its stake in Aqua America by 12.5% in the first quarter. Personal Capital Advisors Corp now owns 515,657 shares of the utilities provider’s stock valued at $16,604,000 after buying an additional 57,243 shares in the last quarter. Nationwide Fund Advisors increased its stake in Aqua America by 0.8% in the first quarter. Nationwide Fund Advisors now owns 296,264 shares of the utilities provider’s stock valued at $9,525,000 after buying an additional 2,280 shares in the last quarter. CAPROCK Group Inc. increased its stake in Aqua America by 2.6% in the first quarter. CAPROCK Group Inc. now owns 7,722 shares of the utilities provider’s stock valued at $248,000 after buying an additional 194 shares in the last quarter. Motco increased its stake in Aqua America by 1.0% in the first quarter. Motco now owns 163,857 shares of the utilities provider’s stock valued at $5,268,000 after buying an additional 1,606 shares in the last quarter. Finally, Rothschild Investment Corp IL increased its stake in Aqua America by 0.5% in the first quarter. Rothschild Investment Corp IL now owns 26,420 shares of the utilities provider’s stock valued at $849,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.
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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