Zacks: Brokerages Expect Aqua America Inc (WTR) Will Announce Quarterly Sales of $199.40 Million

Equities analysts predict that Aqua America Inc (NYSE:WTR) will announce sales of $199.40 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Aqua America’s earnings, with estimates ranging from $195.30 million to $207.00 million. Aqua America posted sales of $187.79 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The company is expected to issue its next earnings report after the market closes on Tuesday, May 8th.

On average, analysts expect that Aqua America will report full-year sales of $199.40 million for the current financial year, with estimates ranging from $841.91 million to $926.80 million. For the next financial year, analysts expect that the business will report sales of $930.95 million per share, with estimates ranging from $884.00 million to $989.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Aqua America.

How to Become a New Pot Stock Millionaire

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

A number of research analysts recently weighed in on WTR shares. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, January 15th. Argus raised their price objective on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Wells Fargo downgraded shares of Aqua America from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $43.00 to $37.00 in a report on Monday, February 26th. UBS initiated coverage on shares of Aqua America in a report on Thursday, March 8th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.29.

Shares of WTR traded up $0.12 during trading hours on Monday, reaching $33.81. 355,093 shares of the stock traded hands, compared to its average volume of 743,979. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.46 and a quick ratio of 0.41. Aqua America has a 52 week low of $31.18 and a 52 week high of $39.55. The firm has a market capitalization of $5,988.41, a P/E ratio of 24.68, a PEG ratio of 3.99 and a beta of 0.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of WTR. Taylor Hoffman Wealth Management purchased a new stake in Aqua America during the fourth quarter worth about $139,000. Sigma Planning Corp purchased a new stake in Aqua America during the fourth quarter worth about $200,000. Headinvest LLC purchased a new position in shares of Aqua America in the third quarter worth about $203,000. Telemus Capital LLC purchased a new position in shares of Aqua America in the fourth quarter worth about $204,000. Finally, Ironwood Investment Counsel LLC purchased a new position in shares of Aqua America in the fourth quarter worth about $205,000. Institutional investors and hedge funds own 53.85% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Expect Aqua America Inc (WTR) Will Announce Quarterly Sales of $199.40 Million” was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3344338/zacks-brokerages-expect-aqua-america-inc-wtr-will-announce-quarterly-sales-of-199-40-million.html.

Aqua America Company Profile

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).

Get a free copy of the Zacks research report on Aqua America (WTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

E-Dinar Coin  One Day Trading Volume Tops $34,576.00
E-Dinar Coin One Day Trading Volume Tops $34,576.00
LiteBitcoin  Price Down 2.6% This Week
LiteBitcoin Price Down 2.6% This Week
SRT Marine Systems  Shares Up 16.3%
SRT Marine Systems Shares Up 16.3%
Colliers International Group  Hits New 52-Week Low at $88.25
Colliers International Group Hits New 52-Week Low at $88.25
Canadian Utilities  Sets New 52-Week Low at $33.40
Canadian Utilities Sets New 52-Week Low at $33.40
Chipotle Mexican Grill  Posts Quarterly  Earnings Results, Beats Estimates By $0.56 EPS
Chipotle Mexican Grill Posts Quarterly Earnings Results, Beats Estimates By $0.56 EPS


© 2006-2018 Ticker Report. Google+.