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.
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.
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.
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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).
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