Equities research analysts expect AquaVenture Holdings Ltd (NYSE:WAAS) to announce sales of $47.89 million for the current quarter, Zacks reports. Two analysts have provided estimates for AquaVenture’s earnings, with the lowest sales estimate coming in at $47.57 million and the highest estimate coming in at $48.20 million. AquaVenture reported sales of $34.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 39%. The firm is scheduled to announce its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that AquaVenture will report full year sales of $193.80 million for the current fiscal year. For the next financial year, analysts anticipate that the business will report sales of $207.22 million, with estimates ranging from $206.50 million to $207.94 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for AquaVenture.
AquaVenture (NYSE:WAAS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The business had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $45.63 million. AquaVenture had a negative return on equity of 5.95% and a negative net margin of 12.62%. The company’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) EPS.
Several equities analysts recently weighed in on the company. Zacks Investment Research lowered AquaVenture from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Citigroup set a $26.00 price target on AquaVenture and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.14.
In related news, Director Evan Lovell sold 2,200 shares of AquaVenture stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $19.19, for a total value of $42,218.00. Following the completion of the transaction, the director now owns 7,617 shares in the company, valued at approximately $146,170.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 57.00% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in AquaVenture by 9.9% during the 3rd quarter. Vanguard Group Inc. now owns 642,156 shares of the company’s stock worth $11,604,000 after buying an additional 57,978 shares in the last quarter. Principal Financial Group Inc. increased its stake in AquaVenture by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 151,019 shares of the company’s stock worth $2,853,000 after buying an additional 6,619 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in AquaVenture by 42.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,000 shares of the company’s stock worth $170,000 after buying an additional 2,700 shares in the last quarter. BlackRock Inc. increased its stake in AquaVenture by 1.4% during the 3rd quarter. BlackRock Inc. now owns 449,484 shares of the company’s stock worth $8,122,000 after buying an additional 6,371 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in AquaVenture by 9.9% during the 3rd quarter. Vanguard Group Inc now owns 642,156 shares of the company’s stock worth $11,604,000 after buying an additional 57,978 shares in the last quarter. Institutional investors own 34.13% of the company’s stock.
Shares of WAAS stock opened at $18.21 on Friday. The stock has a market capitalization of $488.59 million, a PE ratio of -23.35 and a beta of 0.76. The company has a quick ratio of 2.12, a current ratio of 2.48 and a debt-to-equity ratio of 0.93. AquaVenture has a 52-week low of $13.64 and a 52-week high of $23.35.
AquaVenture Company Profile
AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.
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