AquaVenture Holdings Ltd (WAAS) Expected to Post Earnings of -$0.20 Per Share

Analysts expect AquaVenture Holdings Ltd (NYSE:WAAS) to post earnings per share of ($0.20) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AquaVenture’s earnings. AquaVenture reported earnings per share of ($0.25) during the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that AquaVenture will report full year earnings of ($0.73) per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of ($0.66) per share, with EPS estimates ranging from ($0.75) to ($0.56). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for AquaVenture.

WAAS has been the subject of a number of analyst reports. JMP Securities set a $30.00 price objective on shares of AquaVenture and gave the company a “buy” rating in a report on Thursday, November 8th. B. Riley raised their target price on shares of AquaVenture from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, November 8th. Royal Bank of Canada raised their target price on AquaVenture from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Citigroup set a $23.00 price objective on AquaVenture and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research upgraded AquaVenture from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Saturday, January 12th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. AquaVenture has an average rating of “Buy” and a consensus target price of $25.75.

NYSE WAAS traded up $0.14 on Friday, hitting $21.19. 2,498 shares of the company’s stock traded hands, compared to its average volume of 74,051. The company has a current ratio of 5.00, a quick ratio of 4.64 and a debt-to-equity ratio of 0.48. AquaVenture has a 1-year low of $11.83 and a 1-year high of $21.62. The stock has a market cap of $560.82 million, a price-to-earnings ratio of -21.74 and a beta of 0.79.

A number of hedge funds have recently added to or reduced their stakes in WAAS. Nisa Investment Advisors LLC boosted its stake in shares of AquaVenture by 42.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,000 shares of the company’s stock worth $170,000 after acquiring an additional 2,700 shares during the last quarter. FMR LLC acquired a new stake in shares of AquaVenture in the second quarter worth $243,000. Teton Advisors Inc. lifted its holdings in AquaVenture by 16.0% during the fourth quarter. Teton Advisors Inc. now owns 14,500 shares of the company’s stock valued at $274,000 after purchasing an additional 2,000 shares in the last quarter. Mycio Wealth Partners LLC acquired a new stake in AquaVenture during the third quarter worth about $280,000. Finally, Rhumbline Advisers boosted its stake in shares of AquaVenture by 44.1% in the fourth quarter. Rhumbline Advisers now owns 15,431 shares of the company’s stock valued at $291,000 after purchasing an additional 4,719 shares during the period. 33.89% of the stock is owned by institutional investors.

AquaVenture Company Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.

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