$0.31 Earnings Per Share Expected for Aqua America Inc (WTR) This Quarter

Analysts predict that Aqua America Inc (NYSE:WTR) will announce earnings of $0.31 per share for the current quarter, according to Zacks. Four analysts have made estimates for Aqua America’s earnings, with estimates ranging from $0.30 to $0.32. Aqua America reported earnings of $0.28 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10.7%. The business is scheduled to report its next earnings results on Wednesday, February 28th.

On average, analysts expect that Aqua America will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.39. For the next financial year, analysts expect that the business will post earnings of $1.44 per share, with EPS estimates ranging from $1.40 to $1.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Aqua America.

Aqua America (NYSE:WTR) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The company had revenue of $215.01 million for the quarter, compared to the consensus estimate of $234.40 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis.

Several equities analysts have recently commented on WTR shares. Barclays upped their target price on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and set a $32.00 price target on shares of Aqua America in a research report on Sunday, October 1st. Zacks Investment Research raised Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 3rd. Wells Fargo & Co raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, October 19th. Finally, Boenning Scattergood reissued a “buy” rating and set a $43.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.67.

In other Aqua America news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the sale, the vice president now owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased 108,500 shares of company stock worth $14,175 in the last three months. 0.25% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of WTR. Headinvest LLC acquired a new stake in shares of Aqua America in the 3rd quarter valued at $203,000. Private Vista LLC acquired a new stake in shares of Aqua America in the 3rd quarter valued at $205,000. IFP Advisors Inc boosted its holdings in shares of Aqua America by 31.8% in the 3rd quarter. IFP Advisors Inc now owns 6,196 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 1,495 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Aqua America in the 3rd quarter valued at $206,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Aqua America in the 3rd quarter valued at $211,000. 51.57% of the stock is currently owned by hedge funds and other institutional investors.

Aqua America (NYSE WTR) opened at $37.88 on Friday. Aqua America has a 12-month low of $29.41 and a 12-month high of $39.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. The company has a market capitalization of $6,798.44, a P/E ratio of 28.48, a PEG ratio of 4.84 and a beta of 0.59.

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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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