$235.67 Million in Sales Expected for Aqua America, Inc. (WTR) This Quarter
Equities research analysts predict that Aqua America, Inc. (NYSE:WTR) will announce sales of $235.67 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Aqua America’s earnings. The lowest sales estimate is $229.00 million and the highest is $239.60 million. Aqua America reported sales of $226.59 million in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is expected to report its next earnings results after the market closes on Tuesday, October 31st.
On average, analysts expect that Aqua America will report full year sales of $235.67 million for the current fiscal year, with estimates ranging from $821.00 million to $883.10 million. For the next year, analysts anticipate that the company 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 sell-side research analysts that that provide coverage for Aqua America.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The firm had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. During the same period last year, the firm posted $0.33 EPS. Aqua America’s quarterly revenue was down .2% on a year-over-year basis.
Several equities research analysts have weighed in on the company. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Thursday, October 19th. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Robert W. Baird reissued a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research note on Sunday, October 1st. Barclays PLC increased their price target on Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.00.
Aqua America (NYSE:WTR) traded down 0.20% on Monday, hitting $35.55. The stock had a trading volume of 49,858 shares. The company has a market cap of $6.32 billion, a PE ratio of 27.14 and a beta of 0.54. The stock has a 50-day moving average of $34.40 and a 200-day moving average of $33.43. Aqua America has a one year low of $28.03 and a one year high of $36.27.
The business also recently announced a dec 17 dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.2047 per share. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 16th. Aqua America’s dividend payout ratio is 62.60%.
In other news, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total transaction of $430,715.54. Following the completion of the sale, the insider now directly owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Investment Centers of America Inc. lifted its stake in Aqua America by 0.4% in the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 27 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of Aqua America by 0.4% during the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 30 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Aqua America by 0.7% during the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 71 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Aqua America by 2.3% during the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 144 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in shares of Aqua America by 0.6% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 26,618 shares of the utilities provider’s stock worth $871,000 after purchasing an additional 150 shares in the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.
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About Aqua America
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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