Aqua America Inc (WTR) Expected to Post Earnings of $0.43 Per Share

Equities analysts expect that Aqua America Inc (NYSE:WTR) will post $0.43 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Aqua America’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.41. Aqua America also reported earnings per share of $0.43 in the same quarter last year. The business is expected to issue its next quarterly earnings report after the market closes on Monday, November 5th.

According to Zacks, analysts expect that Aqua America will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.41. For the next year, analysts anticipate that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aqua America.

Aqua America (NYSE:WTR) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $211.90 million during the quarter, compared to the consensus estimate of $211.73 million. Aqua America had a return on equity of 12.71% and a net margin of 29.97%. Aqua America’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share.

WTR has been the topic of a number of research analyst reports. ValuEngine raised shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Aqua America in a research report on Thursday, August 2nd. Evercore ISI initiated coverage on shares of Aqua America in a research report on Monday, September 17th. They set an “in-line” rating and a $37.00 price target on the stock. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.14.

NYSE WTR traded down $0.12 on Friday, reaching $36.35. The company had a trading volume of 589,834 shares, compared to its average volume of 573,145. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 4.95 and a beta of 0.33. Aqua America has a fifty-two week low of $32.37 and a fifty-two week high of $39.55. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.09.

Institutional investors and hedge funds have recently modified their holdings of the business. Tompkins Financial Corp bought a new stake in Aqua America during the second quarter valued at $128,000. City Holding Co. bought a new position in shares of Aqua America during the 2nd quarter worth about $136,000. Envestnet Asset Management Inc. boosted its position in shares of Aqua America by 70.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,295 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 1,780 shares in the last quarter. Headinvest LLC bought a new position in shares of Aqua America during the 2nd quarter worth about $201,000. Finally, Planning Directions Inc. bought a new position in shares of Aqua America during the 2nd quarter worth about $202,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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