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.
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.
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.
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