Analysts Expect Aqua America Inc (WTR) Will Post Earnings of $0.31 Per Share

Wall Street brokerages expect Aqua America Inc (NYSE:WTR) to post earnings per share (EPS) of $0.31 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Aqua America’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. Aqua America reported earnings per share of $0.28 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.7%. The firm is expected to issue its next earnings report on Wednesday, February 28th.

On average, analysts expect that Aqua America will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.39. For the next year, analysts forecast that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.42 to $1.46. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Aqua America.

Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $215.01 million during the quarter, compared to analyst estimates of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share.

Several research analysts recently commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Sunday. Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 21st. Argus lifted their price target on Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Finally, Wells Fargo & Co upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Aqua America has a consensus rating of “Buy” and a consensus price target of $39.17.

In other Aqua America news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total value of $363,600.00. Following the completion of the sale, the vice president now owns 71,397 shares of the company’s stock, valued at $2,595,994.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders acquired 70,500 shares of company stock valued at $8,475. 0.25% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in WTR. Lord Abbett & CO. LLC bought a new stake in shares of Aqua America during the second quarter valued at approximately $17,807,000. Vanguard Group Inc. raised its stake in shares of Aqua America by 1.6% during the second quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock valued at $573,026,000 after acquiring an additional 277,406 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Aqua America during the third quarter valued at approximately $6,917,000. Legacy Advisors LLC bought a new stake in shares of Aqua America during the third quarter valued at approximately $6,310,000. Finally, Pictet Asset Management Ltd. raised its stake in shares of Aqua America by 4.3% during the third quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock valued at $146,940,000 after acquiring an additional 180,667 shares in the last quarter. 51.57% of the stock is owned by institutional investors and hedge funds.

Aqua America (WTR) traded up $0.33 on Monday, reaching $35.72. The company had a trading volume of 580,600 shares, compared to its average volume of 798,700. The stock has a market capitalization of $6,380.00, a price-to-earnings ratio of 26.86, a P/E/G ratio of 4.51 and a beta of 0.59. Aqua America has a 12 month low of $29.41 and a 12 month high of $39.55. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01.

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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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