-$0.19 Earnings Per Share Expected for AquaVenture Holdings Ltd (WAAS) This Quarter
Equities analysts predict that AquaVenture Holdings Ltd (NASDAQ:WAAS) will announce ($0.19) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for AquaVenture Holdings’ earnings, with estimates ranging from ($0.22) to ($0.15). The company is scheduled to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that AquaVenture Holdings will report full-year earnings of ($0.77) per share for the current fiscal year, with EPS estimates ranging from ($0.84) to ($0.71). For the next year, analysts expect that the business will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.43) to ($0.37). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow AquaVenture Holdings.
AquaVenture Holdings (NASDAQ:WAAS) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The business had revenue of $29 million during the quarter, compared to analyst estimates of $30.91 million. AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Several equities research analysts have recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective (down previously from $28.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Deutsche Bank AG reissued a “buy” rating and issued a $25.00 price objective (down previously from $27.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. AquaVenture Holdings currently has an average rating of “Buy” and a consensus price target of $25.83.
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AquaVenture Holdings (NASDAQ WAAS) traded down 0.13% during trading on Friday, hitting $15.30. 193,747 shares of the company’s stock traded hands. The stock’s market cap is $404.42 million. The firm’s 50-day moving average price is $15.46 and its 200 day moving average price is $16.75. AquaVenture Holdings has a 12-month low of $14.27 and a 12-month high of $26.33.
In other news, CEO Douglas R. Brown purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average cost of $17.05 per share, with a total value of $170,500.00. Following the acquisition, the chief executive officer now owns 1,445,845 shares in the company, valued at $24,651,657.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas R. Brown purchased 24,179 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average cost of $14.66 per share, with a total value of $354,464.14. Following the completion of the acquisition, the chief executive officer now owns 1,452,845 shares in the company, valued at approximately $21,298,707.70. The disclosure for this purchase can be found here.
Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new stake in AquaVenture Holdings during the fourth quarter worth $127,000. Wells Fargo & Company MN raised its stake in AquaVenture Holdings by 271.9% in the first quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock worth $161,000 after buying an additional 6,900 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in AquaVenture Holdings during the first quarter worth $176,000. The Manufacturers Life Insurance Company raised its stake in AquaVenture Holdings by 61.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after buying an additional 4,324 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in AquaVenture Holdings during the second quarter worth $182,000.
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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