$225.08 Million in Sales Expected for Aqua America Inc (NYSE:WTR) This Quarter

Wall Street analysts expect Aqua America Inc (NYSE:WTR) to report $225.08 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Aqua America’s earnings, with the lowest sales estimate coming in at $221.00 million and the highest estimate coming in at $228.81 million. Aqua America posted sales of $211.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Aqua America will report full year sales of $886.73 million for the current fiscal year, with estimates ranging from $880.00 million to $894.00 million. For the next financial year, analysts anticipate that the business will report sales of $932.10 million, with estimates ranging from $930.30 million to $935.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Aqua America.

Aqua America (NYSE:WTR) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Aqua America had a return on equity of 12.40% and a net margin of 18.71%. The business had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.17 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Argus upped their target price on Aqua America from $2.00 to $43.00 in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Janney Montgomery Scott restated a “buy” rating and set a $44.00 target price (up from $41.00) on shares of Aqua America in a research note on Monday, May 6th. They noted that the move was a valuation call. Macquarie set a $37.00 price target on Aqua America and gave the company a “hold” rating in a research note on Monday, April 22nd. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, UBS Group upgraded Aqua America from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $42.00 in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Aqua America currently has a consensus rating of “Hold” and an average price target of $40.00.

NYSE WTR traded down $0.92 on Wednesday, hitting $40.45. 1,153,100 shares of the company’s stock were exchanged, compared to its average volume of 1,246,328. The business has a 50-day moving average price of $40.05. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. Aqua America has a 52 week low of $32.09 and a 52 week high of $42.14. The company has a market cap of $8.82 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 4.70 and a beta of 0.43.

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Friday, May 17th were paid a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, May 16th. Aqua America’s payout ratio is 62.41%.

Several institutional investors and hedge funds have recently made changes to their positions in WTR. Texas Permanent School Fund increased its holdings in Aqua America by 3.9% in the first quarter. Texas Permanent School Fund now owns 120,958 shares of the utilities provider’s stock valued at $4,408,000 after purchasing an additional 4,516 shares during the period. Vanguard Group Inc increased its holdings in Aqua America by 1.4% in the third quarter. Vanguard Group Inc now owns 18,400,307 shares of the utilities provider’s stock valued at $678,972,000 after purchasing an additional 256,460 shares during the period. Legal & General Group Plc increased its holdings in Aqua America by 4.3% in the fourth quarter. Legal & General Group Plc now owns 950,380 shares of the utilities provider’s stock valued at $32,494,000 after purchasing an additional 39,453 shares during the period. HL Financial Services LLC increased its holdings in Aqua America by 12.0% in the first quarter. HL Financial Services LLC now owns 9,676 shares of the utilities provider’s stock valued at $353,000 after purchasing an additional 1,039 shares during the period. Finally, Penn Capital Management Co. Inc. increased its holdings in Aqua America by 12.3% in the fourth quarter. Penn Capital Management Co. Inc. now owns 25,387 shares of the utilities provider’s stock valued at $2,571,000 after purchasing an additional 2,789 shares during the period. Institutional investors own 47.55% of the company’s stock.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water 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; and water and sewer line protection solutions, and repair services to households through third-party.

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

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