Zacks: Brokerages Expect Aqua America, Inc. (WTR) Will Announce Quarterly Sales of $204.65 Million

Equities research analysts expect Aqua America, Inc. (NYSE:WTR) to post sales of $204.65 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Aqua America’s earnings, with the highest sales estimate coming in at $210.80 million and the lowest estimate coming in at $201.00 million. Aqua America posted sales of $196.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The company is scheduled to announce its next earnings results on Wednesday, February 28th.

On average, analysts expect that Aqua America will report full-year sales of $204.65 million for the current year, with estimates ranging from $807.00 million to $883.10 million. For the next financial year, analysts expect that the firm will report sales of $885.44 million per share, with estimates ranging from $845.14 million to $925.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Aqua America.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The firm had revenue of $215.01 million during the quarter, compared to analysts’ expectations of $234.40 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis.

Several research firms recently commented on WTR. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aqua America has a consensus rating of “Buy” and an average price target of $38.20.

Aqua America (NYSE:WTR) traded down $0.14 during trading hours on Wednesday, hitting $36.96. The company had a trading volume of 187,715 shares, compared to its average volume of 553,198. Aqua America has a 12-month low of $29.02 and a 12-month high of $37.12. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. The firm has a market capitalization of $6,475.04, a PE ratio of 27.40, a PEG ratio of 4.23 and a beta of 0.57.

The firm also recently announced a dec 17 dividend, which will be paid on Friday, December 1st. Shareholders 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 yield of 2.3%. Aqua America’s dividend payout ratio (DPR) is 61.65%.

In other Aqua America news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total transaction of $363,600.00. Following the completion of the sale, the vice president now owns 71,397 shares of the company’s stock, valued at $2,595,994.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert A. Rubin sold 12,499 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the sale, the insider now directly owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The disclosure for this sale can be found here. In the last three months, insiders have acquired 75,500 shares of company stock valued at $11,325. 0.25% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Boulegeris Investments Inc. grew its stake in shares of Aqua America by 24.1% in the second quarter. Boulegeris Investments Inc. now owns 17,754 shares of the utilities provider’s stock valued at $591,000 after buying an additional 3,450 shares in the last quarter. Crow Point Partners LLC acquired a new stake in shares of Aqua America in the third quarter valued at $556,000. Blair William & Co. IL acquired a new stake in shares of Aqua America in the second quarter valued at $832,000. Baillie Gifford & Co. grew its stake in shares of Aqua America by 1.3% in the second quarter. Baillie Gifford & Co. now owns 397,525 shares of the utilities provider’s stock valued at $13,237,000 after buying an additional 5,207 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in shares of Aqua America by 19.9% in the second quarter. Virginia Retirement Systems ET AL now owns 34,300 shares of the utilities provider’s stock valued at $1,142,000 after buying an additional 5,700 shares in the last quarter. 51.09% of the stock is owned by institutional investors.

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Aqua America Company Profile

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

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