AquaVenture Holdings Ltd (NASDAQ:WAAS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter.

AquaVenture Holdings (NASDAQ:WAAS) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $29.00 million for the quarter, compared to analysts’ expectations of $30.91 million. AquaVenture Holdings had a negative return on equity of 6.11% and a negative net margin of 18.49%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect AquaVenture Holdings to post $-0.93 EPS for the current fiscal year and $-0.69 EPS for the next fiscal year.

Shares of AquaVenture Holdings Ltd (NASDAQ WAAS) traded up 2.30% during midday trading on Wednesday, hitting $12.45. The company had a trading volume of 10,905 shares. AquaVenture Holdings Ltd has a 12 month low of $10.87 and a 12 month high of $26.33. The company has a 50-day moving average of $13.52 and a 200 day moving average of $13.55. The firm’s market capitalization is $329.09 million.

A number of equities research analysts have recently weighed in on WAAS shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of AquaVenture Holdings in a research note on Wednesday, October 11th. Zacks Investment Research cut AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Citigroup Inc. reissued a “buy” rating and set a $21.00 target price (down from $24.00) on shares of AquaVenture Holdings in a research note on Monday, October 9th. Deutsche Bank AG reissued a “buy” rating and set a $25.00 target price (down from $27.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Finally, BidaskClub cut AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, four have given a buy rating and two have issued a strong buy rating to the company. AquaVenture Holdings presently has an average rating of “Buy” and a consensus price target of $22.00.

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In related news, CEO Douglas R. Brown bought 24,179 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $14.66 per share, with a total value of $354,464.14. Following the purchase, the chief executive officer now directly owns 1,452,845 shares of the company’s stock, valued at approximately $21,298,707.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas R. Brown bought 14,018 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were bought at an average cost of $14.36 per share, with a total value of $201,298.48. Following the completion of the purchase, the chief executive officer now directly owns 1,484,042 shares in the company, valued at $21,310,843.12. The disclosure for this purchase can be found here.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WAAS. State Street Corp grew its stake in AquaVenture Holdings by 23.3% during the 2nd quarter. State Street Corp now owns 122,069 shares of the company’s stock worth $1,861,000 after purchasing an additional 23,062 shares in the last quarter. California State Teachers Retirement System grew its stake in AquaVenture Holdings by 39.5% during the 2nd quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock worth $312,000 after purchasing an additional 5,800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in AquaVenture Holdings by 61.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after purchasing an additional 4,324 shares in the last quarter.

About AquaVenture Holdings

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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