Brokerages Expect Aqua America Inc (WTR) to Announce $0.29 EPS

Equities analysts expect Aqua America Inc (NYSE:WTR) to post earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Aqua America’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.28. Aqua America posted earnings per share of $0.28 in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, May 8th.

On average, analysts expect that Aqua America will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.45. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.56. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Aqua America.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $203.30 million for the quarter, compared to the consensus estimate of $208.26 million. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS.

A number of analysts recently commented on WTR shares. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Monday, January 15th. Wells Fargo 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. Finally, UBS started 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.29.

Shares of WTR stock traded down $0.08 during trading hours on Tuesday, reaching $34.18. The company had a trading volume of 662,611 shares, compared to its average volume of 499,444. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 1.03. The company has a market cap of $6,075.50, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 4.04 and a beta of 0.44. Aqua America has a 1-year low of $31.18 and a 1-year high of $39.55.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTR. Taylor Hoffman Wealth Management bought a new stake in shares of Aqua America in the 4th quarter valued at $139,000. Sigma Planning Corp bought a new stake in shares of Aqua America in the 4th quarter valued at $200,000. Telemus Capital LLC bought a new stake in shares of Aqua America in the 4th quarter valued at $204,000. Ironwood Investment Counsel LLC bought a new stake in shares of Aqua America in the 4th quarter valued at $205,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Aqua America during the 3rd quarter worth about $211,000. Institutional investors and hedge funds own 53.85% of the company’s stock.

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About Aqua America

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

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