Brokerages Expect Aqua America Inc (WTR) Will Announce Quarterly Sales of $215.92 Million

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Equities analysts expect Aqua America Inc (NYSE:WTR) to announce $215.92 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Aqua America’s earnings. The lowest sales estimate is $211.56 million and the highest is $224.20 million. Aqua America posted sales of $203.42 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that Aqua America will report full-year sales of $853.52 million for the current financial year, with estimates ranging from $841.00 million to $881.00 million. For the next financial year, analysts expect that the firm will report sales of $897.78 million per share, with estimates ranging from $883.00 million to $920.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Aqua America.

Aqua America (NYSE:WTR) last issued its earnings results on Tuesday, May 8th. The utilities provider reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $194.30 million during the quarter, compared to analysts’ expectations of $193.19 million. Aqua America had a net margin of 29.59% and a return on equity of 12.60%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Several analysts have commented on the stock. ValuEngine upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Boenning Scattergood restated a “neutral” rating on shares of Aqua America in a research report on Tuesday, April 24th. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. UBS Group initiated coverage on shares of Aqua America in a research report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Wells Fargo & Co cut shares of Aqua America from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $43.00 to $37.00 in a research report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.29.

Shares of Aqua America traded up $0.14, hitting $33.28, on Friday, Marketbeat reports. 704,500 shares of the company’s stock traded hands, compared to its average volume of 641,483. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 4.44 and a beta of 0.44. Aqua America has a one year low of $32.30 and a one year high of $39.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.42 and a current ratio of 0.48.

The company also recently disclosed a jun 18 dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were given a $0.2047 dividend. This represents a dividend yield of 2.35%. The ex-dividend date was Thursday, May 17th. Aqua America’s dividend payout ratio is currently 59.85%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTR. Schwab Charles Investment Management Inc. increased its position in shares of Aqua America by 6.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 799,949 shares of the utilities provider’s stock valued at $31,382,000 after buying an additional 51,249 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Aqua America in the 4th quarter worth $666,000. Victory Capital Management Inc. boosted its stake in Aqua America by 12.7% in the 4th quarter. Victory Capital Management Inc. now owns 89,052 shares of the utilities provider’s stock worth $3,494,000 after purchasing an additional 10,003 shares during the period. Aperio Group LLC boosted its stake in Aqua America by 7.3% in the 4th quarter. Aperio Group LLC now owns 257,029 shares of the utilities provider’s stock worth $10,083,000 after purchasing an additional 17,488 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in Aqua America in the 4th quarter worth $304,000. Institutional investors and hedge funds own 54.19% of the company’s stock.

Aqua America Company Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.

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

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