Aqua America, Inc. (WTR) Scheduled to Post Earnings on Monday
Aqua America, Inc. (NYSE:WTR) will release its earnings data after the market closes on Monday, October 30th. 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, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $203.40 million during the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. 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.
Shares of Aqua America, Inc. (NYSE WTR) opened at 36.02 on Monday. Aqua America, Inc. has a one year low of $28.03 and a one year high of $36.27. The company has a 50-day moving average of $34.16 and a 200 day moving average of $33.32. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 27.50 and a beta of 0.54.
WTR has been the subject of a number of recent analyst reports. Barclays PLC raised their target price on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Robert W. Baird restated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Friday, August 25th. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, BidaskClub cut Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Aqua America has an average rating of “Buy” and a consensus price target of $37.00.
In other news, insider Robert A. Rubin sold 12,499 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the transaction, the insider now owns 80,604 shares in the company, valued at $2,777,613.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.25% 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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