Aqua America Inc (WTR) Expected to Post Earnings of $0.32 Per Share

Analysts predict that Aqua America Inc (NYSE:WTR) will post $0.32 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aqua America’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.33. Aqua America also reported earnings per share of $0.32 in the same quarter last year. The business is expected to report its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Aqua America will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.42. For the next fiscal year, analysts anticipate that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Aqua America.

Aqua America (NYSE:WTR) last issued its earnings results on Monday, November 5th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $226.10 million during the quarter, compared to analyst estimates of $238.86 million. Aqua America had a return on equity of 12.64% and a net margin of 29.81%. Aqua America’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share.

WTR has been the subject of a number of analyst reports. Boenning Scattergood reissued a “buy” rating and set a $43.00 price objective on shares of Aqua America in a research note on Tuesday, November 6th. Wells Fargo & Co set a $35.00 price objective on Aqua America and gave the company a “hold” rating in a research note on Tuesday, November 6th. ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Macquarie set a $35.00 price objective on Aqua America and gave the company a “hold” rating in a research note on Thursday, October 25th. Finally, Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.00.

Shares of NYSE:WTR traded down $0.02 during trading on Monday, reaching $33.91. 382,234 shares of the company traded hands, compared to its average volume of 627,829. The firm has a market cap of $5.90 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 4.18 and a beta of 0.47. Aqua America has a 52-week low of $32.09 and a 52-week high of $38.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.46 and a current ratio of 0.52.

In other Aqua America news, CEO Chris Franklin purchased 25,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average price of $32.86 per share, with a total value of $835,334.06. Following the completion of the purchase, the chief executive officer now directly owns 144,368 shares of the company’s stock, valued at approximately $4,743,932.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Schuller purchased 3,050 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average cost of $32.96 per share, with a total value of $100,528.00. Following the purchase, the insider now directly owns 20,783 shares of the company’s stock, valued at $685,007.68. The disclosure for this purchase can be found here. Insiders purchased 34,637 shares of company stock valued at $1,135,946 in the last ninety days. 0.24% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in WTR. GSA Capital Partners LLP bought a new position in Aqua America in the second quarter worth $655,000. Oppenheimer & Co. Inc. bought a new position in Aqua America in the second quarter worth $222,000. Legal & General Group Plc raised its holdings in Aqua America by 10.0% in the second quarter. Legal & General Group Plc now owns 917,850 shares of the utilities provider’s stock worth $32,290,000 after purchasing an additional 83,174 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Aqua America by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 932,286 shares of the utilities provider’s stock worth $32,799,000 after purchasing an additional 50,799 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Aqua America by 70.8% in the second 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. 54.48% of the stock is owned by institutional investors.

Aqua America Company Profile

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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