Aqua America, Inc. (NYSE:WTR) to Post Q3 2017 Earnings of $0.43 Per Share, Northcoast Research Forecasts
Aqua America, Inc. (NYSE:WTR) – Investment analysts at Northcoast Research issued their Q3 2017 earnings estimates for shares of Aqua America in a note issued to investors on Thursday. Northcoast Research analyst A. Cohen forecasts that the utilities provider will earn $0.43 per share for the quarter. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Aqua America’s Q4 2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.44 EPS and Q4 2018 earnings at $0.31 EPS.
A number of other brokerages also recently issued reports on WTR. Zacks Investment Research downgraded Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.25.
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Shares of Aqua America (NYSE:WTR) opened at 34.23 on Monday. The firm has a market capitalization of $6.08 billion, a PE ratio of 26.13 and a beta of 0.52. Aqua America has a 1-year low of $28.03 and a 1-year high of $34.41. The company has a 50-day moving average of $33.26 and a 200-day moving average of $32.09.
Aqua America (NYSE:WTR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. Aqua America’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS.
Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in Aqua America by 26.4% in the fourth quarter. Teachers Advisors LLC now owns 227,460 shares of the utilities provider’s stock valued at $6,833,000 after buying an additional 47,468 shares during the last quarter. Macquarie Group Ltd. increased its stake in Aqua America by 17.5% in the fourth quarter. Macquarie Group Ltd. now owns 51,700 shares of the utilities provider’s stock valued at $1,553,000 after buying an additional 7,700 shares during the last quarter. CENTRAL TRUST Co increased its stake in Aqua America by 1.0% in the first quarter. CENTRAL TRUST Co now owns 10,053 shares of the utilities provider’s stock valued at $324,000 after buying an additional 100 shares during the last quarter. Charter Trust Co. increased its stake in Aqua America by 2.4% in the first quarter. Charter Trust Co. now owns 12,629 shares of the utilities provider’s stock valued at $406,000 after buying an additional 294 shares during the last quarter. Finally, Pennsylvania Trust Co increased its stake in Aqua America by 0.6% in the first quarter. Pennsylvania Trust Co now owns 54,855 shares of the utilities provider’s stock valued at $1,764,000 after buying an additional 318 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.
In other news, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total value of $189,117.50. Following the completion of the sale, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the completion of the sale, the director now directly owns 2,207 shares of the company’s stock, valued at $72,455.81. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be issued a $0.2047 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.39%. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. Aqua America’s dividend payout ratio is 58.78%.
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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