Analysts Anticipate Aqua America Inc (WTR) Will Announce Quarterly Sales of $204.65 Million

Wall Street brokerages predict that Aqua America Inc (NYSE:WTR) will announce $204.65 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Aqua America’s earnings. The highest sales estimate is $210.80 million and the lowest is $201.00 million. Aqua America posted sales of $196.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Aqua America will report full-year sales of $204.65 million for the current fiscal year, with estimates ranging from $807.00 million to $883.10 million. For the next year, analysts anticipate that the firm will report sales of $885.44 million per share, with estimates ranging from $845.14 million to $925.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Aqua America.

A number of analysts have recently issued reports on WTR shares. Zacks Investment Research upgraded Aqua America from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, January 15th. Boenning Scattergood restated a “buy” rating and issued a $43.00 target price on shares of Aqua America in a report on Wednesday, November 1st. Wells Fargo & Co upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Thursday, October 19th. Argus increased their target price on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.17.

Aqua America (WTR) traded up $0.57 on Friday, hitting $33.70. The stock had a trading volume of 1,022,734 shares, compared to its average volume of 868,474. The stock has a market capitalization of $5,886.89, a price-to-earnings ratio of 25.34, a P/E/G ratio of 4.18 and a beta of 0.45. Aqua America has a one year low of $29.56 and a one year 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 business also recently declared a mar 18 dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be paid a $0.2047 dividend. This represents a dividend yield of 0.00579722458227131%. The ex-dividend date is Thursday, February 15th. Aqua America’s dividend payout ratio (DPR) is presently 61.65%.

Several hedge funds and other institutional investors have recently bought and sold shares of WTR. Citigroup Inc. increased its stake in shares of Aqua America by 102.8% in the second quarter. Citigroup Inc. now owns 12,153 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 6,160 shares during the last quarter. FMR LLC increased its position in Aqua America by 35.6% during the second quarter. FMR LLC now owns 13,583 shares of the utilities provider’s stock worth $452,000 after buying an additional 3,565 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Aqua America by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 802,102 shares of the utilities provider’s stock worth $26,710,000 after buying an additional 49,583 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Aqua America by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 260,756 shares of the utilities provider’s stock worth $8,683,000 after buying an additional 4,673 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Aqua America by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 67,048 shares of the utilities provider’s stock worth $2,232,000 after buying an additional 839 shares during the last quarter. 51.69% of the stock is currently owned by institutional investors and hedge funds.

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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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