Equities research analysts forecast that AquaVenture Holdings (NYSE:WAAS) will post sales of $32.20 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AquaVenture’s earnings. The highest sales estimate is $32.40 million and the lowest is $32.00 million. AquaVenture reported sales of $29.01 million in the same quarter last year, which indicates a positive year over year growth rate of 11%. The business is expected to report its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that AquaVenture will report full-year sales of $32.20 million for the current financial year, with estimates ranging from $133.60 million to $134.00 million. For the next financial year, analysts anticipate that the business will post sales of $141.90 million per share. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for AquaVenture.
AquaVenture (NYSE:WAAS) last posted its earnings results on Thursday, March 1st. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.01). AquaVenture had a negative return on equity of 7.19% and a negative net margin of 21.29%. The business had revenue of $32.36 million for the quarter, compared to analysts’ expectations of $31.58 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. AquaVenture’s quarterly revenue was up 8.6% compared to the same quarter last year.
In other AquaVenture news, CEO Douglas R. Brown bought 50,000 shares of AquaVenture stock in a transaction that occurred on Wednesday, March 14th. The stock was acquired at an average cost of $13.67 per share, for a total transaction of $683,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,534,042 shares in the company, valued at $20,970,354.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 55.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of AquaVenture by 117.2% in the 4th quarter. Millennium Management LLC now owns 35,261 shares of the company’s stock worth $547,000 after purchasing an additional 19,025 shares in the last quarter. GCA Investment Management LLC boosted its holdings in shares of AquaVenture by 3.1% in the 4th quarter. GCA Investment Management LLC now owns 239,141 shares of the company’s stock worth $3,711,000 after purchasing an additional 7,152 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of AquaVenture by 518.7% in the 4th quarter. Raymond James & Associates now owns 86,571 shares of the company’s stock worth $1,344,000 after purchasing an additional 72,578 shares in the last quarter. Ardsley Advisory Partners boosted its holdings in shares of AquaVenture by 250.4% in the 4th quarter. Ardsley Advisory Partners now owns 192,700 shares of the company’s stock worth $3,002,000 after purchasing an additional 137,700 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of AquaVenture in the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 35.76% of the company’s stock.
AquaVenture (WAAS) traded down $0.14 during trading on Friday, reaching $12.76. The company had a trading volume of 58,075 shares, compared to its average volume of 130,216. AquaVenture has a twelve month low of $10.87 and a twelve month high of $18.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.12 and a quick ratio of 5.79.
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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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