Aqua America (WTR) Issues FY18 Earnings Guidance

Aqua America (NYSE:WTR) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $1.40-1.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.40. Aqua America also updated its FY 2018 guidance to $1.40-1.42 EPS.

Several equities analysts recently commented on the stock. Boenning Scattergood reiterated a buy rating and set a $43.00 target price on shares of Aqua America in a research note on Tuesday. Wells Fargo & Co set a $35.00 target price on shares of Aqua America and gave the company a hold rating in a research note on Tuesday. ValuEngine cut shares of Aqua America from a buy rating to a hold rating in a research note on Saturday, October 27th. Zacks Investment Research upgraded shares of Aqua America from a sell rating to a hold rating in a research note on Monday, July 16th. Finally, Evercore ISI assumed coverage on shares of Aqua America in a research note on Monday, September 17th. They set an in-line rating and a $37.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Aqua America presently has an average rating of Hold and an average target price of $38.29.

NYSE:WTR traded up $0.39 during trading hours on Wednesday, hitting $32.98. 432,873 shares of the company traded hands, compared to its average volume of 891,046. The stock has a market cap of $5.86 billion, a P/E ratio of 24.07, a PEG ratio of 4.43 and a beta of 0.50. Aqua America has a twelve month low of $32.12 and a twelve month high of $39.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.75 and a quick ratio of 0.68.

Aqua America (NYSE:WTR) last released its earnings results on Monday, November 5th. The utilities provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $238.86 million. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. As a group, equities research analysts anticipate that Aqua America will post 1.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 16th will be paid a dividend of $0.219 per share. This represents a $0.88 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, November 15th. Aqua America’s payout ratio is currently 64.23%.

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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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Earnings History and Estimates for Aqua America (NYSE:WTR)

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