Zacks: Analysts Anticipate AquaVenture Holdings Ltd (WAAS) Will Announce Earnings of -$0.20 Per Share

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Wall Street analysts expect that AquaVenture Holdings Ltd (NYSE:WAAS) will report earnings of ($0.20) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for AquaVenture’s earnings. AquaVenture posted earnings of ($0.25) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The business is expected to report its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that AquaVenture will report full year earnings of ($0.73) per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of ($0.66) per share, with EPS estimates ranging from ($0.75) to ($0.56). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow AquaVenture.

AquaVenture (NYSE:WAAS) last released its quarterly earnings data on Wednesday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. The firm had revenue of $36.80 million during the quarter, compared to the consensus estimate of $34.10 million. AquaVenture had a negative net margin of 15.19% and a negative return on equity of 6.03%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.28) earnings per share.

A number of research firms have commented on WAAS. Zacks Investment Research raised shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Saturday, January 12th. Lake Street Capital boosted their price target on shares of AquaVenture to $34.00 and gave the company a “buy” rating in a report on Wednesday, December 19th. B. Riley boosted their price target on shares of AquaVenture from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 19th. JMP Securities set a $30.00 price target on shares of AquaVenture and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, Royal Bank of Canada boosted their price target on shares of AquaVenture from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. AquaVenture currently has an average rating of “Buy” and a consensus price target of $25.75.

AquaVenture stock traded up $0.12 during mid-day trading on Wednesday, reaching $21.42. The company’s stock had a trading volume of 93,838 shares, compared to its average volume of 93,589. The company has a market cap of $569.37 million, a PE ratio of -21.86 and a beta of 0.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.00 and a quick ratio of 4.64. AquaVenture has a twelve month low of $11.83 and a twelve month high of $21.62.

A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in AquaVenture by 42.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,000 shares of the company’s stock worth $170,000 after acquiring an additional 2,700 shares in the last quarter. Rhumbline Advisers bought a new stake in AquaVenture in the second quarter worth about $164,000. Mycio Wealth Partners LLC bought a new stake in AquaVenture in the third quarter worth about $280,000. FMR LLC acquired a new stake in AquaVenture during the 2nd quarter worth about $243,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in AquaVenture during the 3rd quarter worth about $735,000. 32.99% of the stock is owned by institutional investors and hedge funds.

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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