Zacks: Brokerages Anticipate AquaVenture Holdings Ltd (WAAS) Will Post Earnings of -$0.21 Per Share

Brokerages expect AquaVenture Holdings Ltd (NYSE:WAAS) to announce earnings per share of ($0.21) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for AquaVenture’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.25). AquaVenture reported earnings of ($0.29) per share in the same quarter last year, which would suggest a positive year over year growth rate of 27.6%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, November 7th.

On average, analysts expect that AquaVenture will report full-year earnings of ($0.83) per share for the current fiscal year, with EPS estimates ranging from ($0.90) to ($0.76). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.57) per share, with EPS estimates ranging from ($0.60) to ($0.53). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for AquaVenture.

AquaVenture (NYSE:WAAS) last issued its earnings results on Wednesday, November 7th. The company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. AquaVenture had a negative return on equity of 7.34% and a negative net margin of 19.75%. The business had revenue of $36.80 million during the quarter, compared to analyst estimates of $34.10 million. During the same quarter in the previous year, the firm earned ($0.28) EPS. AquaVenture’s revenue was up 23.5% on a year-over-year basis.

WAAS has been the subject of several research reports. Lake Street Capital initiated coverage on shares of AquaVenture in a research report on Friday, August 17th. They set a “buy” rating and a $29.00 price target for the company. JMP Securities upped their price target on shares of AquaVenture from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Citigroup set a $23.00 price target on shares of AquaVenture and gave the company a “buy” rating in a research report on Monday. TheStreet raised shares of AquaVenture from a “d” rating to a “c-” rating in a research report on Monday, August 20th. Finally, Zacks Investment Research lowered shares of AquaVenture from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.88.

NYSE:WAAS traded up $2.28 during mid-day trading on Wednesday, reaching $19.41. The company’s stock had a trading volume of 203,835 shares, compared to its average volume of 95,231. AquaVenture has a 12-month low of $11.83 and a 12-month high of $20.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 5.74 and a current ratio of 6.17. The firm has a market cap of $446.56 million, a price-to-earnings ratio of -19.81 and a beta of 1.03.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new stake in shares of AquaVenture during the 2nd quarter valued at about $164,000. Dimensional Fund Advisors LP purchased a new stake in AquaVenture in the 1st quarter worth approximately $174,000. Mycio Wealth Partners LLC purchased a new stake in AquaVenture in the 3rd quarter worth approximately $280,000. FMR LLC purchased a new stake in AquaVenture in the 2nd quarter worth approximately $243,000. Finally, A.R.T. Advisors LLC purchased a new stake in AquaVenture in the 1st quarter worth approximately $197,000. 35.14% of the stock is owned by hedge funds and other institutional investors.

About AquaVenture

AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers. The Quench segment focuses in the rental and servicing of POU water filtration systems and related equipment, such as ice and sparkling water machines, and from the contracted maintenance of customer-owned equipment.

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