AquaVenture (WAAS) Announces Quarterly Earnings Results

AquaVenture (NYSE:WAAS) issued its earnings results on Thursday, March 1st. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.01), Morningstar.com reports. The business had revenue of $32.36 million during the quarter, compared to analyst estimates of $31.58 million. AquaVenture had a negative net margin of 21.29% and a negative return on equity of 7.19%. AquaVenture’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) earnings per share.

Shares of AquaVenture stock traded down $0.27 on Friday, hitting $12.90. 121,212 shares of the company were exchanged, compared to its average volume of 221,289. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.12 and a quick ratio of 5.79. AquaVenture has a 12-month low of $10.87 and a 12-month high of $18.83. The stock has a market capitalization of $341.24, a price-to-earnings ratio of -13.16 and a beta of 1.52.

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In other news, CEO Douglas R. Brown acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was purchased at an average price of $13.67 per share, with a total value of $683,500.00. Following the completion of the acquisition, the chief executive officer now owns 1,534,042 shares of the company’s stock, valued at approximately $20,970,354.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 55.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DnB Asset Management AS boosted its stake in AquaVenture by 11.5% during the fourth quarter. DnB Asset Management AS now owns 37,110 shares of the company’s stock worth $576,000 after buying an additional 3,830 shares during the period. The Manufacturers Life Insurance Company boosted its stake in AquaVenture by 61.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after buying an additional 4,324 shares during the period. Highbridge Capital Management LLC boosted its stake in AquaVenture by 32.6% during the third quarter. Highbridge Capital Management LLC now owns 21,646 shares of the company’s stock worth $292,000 after buying an additional 5,325 shares during the period. California State Teachers Retirement System boosted its stake in AquaVenture by 39.5% during the second quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock worth $312,000 after buying an additional 5,800 shares during the period. Finally, Geode Capital Management LLC boosted its stake in AquaVenture by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 94,196 shares of the company’s stock worth $1,461,000 after buying an additional 6,121 shares during the period. 35.76% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on WAAS shares. Zacks Investment Research cut shares of AquaVenture from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine cut shares of AquaVenture from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.60.

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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.

Earnings History for AquaVenture (NYSE:WAAS)

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