Aqua America, Inc. (NYSE:WTR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.34 to $1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.36.
Shares of Aqua America, Inc. (NYSE WTR) traded up 0.17% during midday trading on Tuesday, hitting $35.48. The stock had a trading volume of 1,705,186 shares. Aqua America, Inc. has a one year low of $28.03 and a one year high of $36.27. The firm’s 50-day moving average price is $34.44 and its 200-day moving average price is $33.46. The firm has a market capitalization of $6.30 billion, a PE ratio of 27.08 and a beta of 0.54.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The business had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Aqua America, Inc. will post $1.36 EPS for the current year.
The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.2047 per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio (DPR) is presently 62.60%.
WTR has been the subject of a number of analyst reports. Zacks Investment Research raised Aqua America from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Tuesday, October 3rd. BidaskClub raised Aqua America from a hold rating to a buy rating in a research note on Friday, August 11th. Robert W. Baird reissued a hold rating and issued a $32.00 target price on shares of Aqua America in a research note on Sunday, October 1st. Wells Fargo & Company raised Aqua America from a market perform rating to an outperform rating and set a $40.00 target price for the company in a research note on Thursday, October 19th. Finally, Boenning Scattergood reissued an outperform rating on shares of Aqua America in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Aqua America currently has an average rating of Buy and an average price target of $37.00.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.
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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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