Aqua America, Inc. (WTR) Issues Earnings Results
Aqua America, Inc. (NYSE:WTR) issued its quarterly earnings results on Monday. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43, Bloomberg Earnings reports. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The company had revenue of $215.01 million for the quarter, compared to analyst estimates of $234.40 million. During the same quarter last year, the company posted $0.41 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year.
Shares of Aqua America (NYSE:WTR) traded up 0.17% during trading on Tuesday, hitting $35.48. The stock had a trading volume of 1,705,186 shares. The company has a market cap of $6.30 billion, a PE ratio of 27.08 and a beta of 0.54. Aqua America has a 1-year low of $28.03 and a 1-year high of $36.27. The firm’s 50 day moving average is $34.46 and its 200 day moving average is $33.48.
The firm also recently declared a dec 17 dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.2047 dividend. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s payout ratio is 62.60%.
WTR has been the topic of several recent analyst reports. Zacks Investment Research lowered Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Robert W. Baird reiterated 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 lifted their price target on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Finally, BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. 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 an average price target of $37.00.
In related news, insider Robert A. Rubin sold 12,499 shares of the 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 sale, 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.25% of the company’s stock.
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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