Research Analysts Issue Forecasts for Aqua America Inc’s FY2022 Earnings (WTR)
Aqua America Inc (NYSE:WTR) – Research analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for Aqua America in a note issued to investors on Thursday. Gabelli analyst T. Winter expects that the utilities provider will post earnings per share of $1.95 for the year.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $203.30 million during the quarter, compared to the consensus estimate of $208.26 million. Aqua America had a net margin of 29.61% and a return on equity of 12.78%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share.
Shares of Aqua America (NYSE:WTR) traded down $1.16 during trading on Friday, hitting $32.50. 1,074,067 shares of the company’s stock were exchanged, compared to its average volume of 661,348. The firm has a market capitalization of $5,983.08, a P/E ratio of 24.07, a P/E/G ratio of 4.35 and a beta of 0.48. Aqua America has a 1-year low of $30.38 and a 1-year high of $39.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55.
The business also recently declared a mar 18 dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.2047 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 0.00579722458227131%. Aqua America’s dividend payout ratio (DPR) is presently 60.74%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in shares of Aqua America during the 4th quarter worth about $787,000. MetLife Investment Advisors LLC acquired a new position in shares of Aqua America during the 4th quarter worth about $4,411,000. HBK Sorce Advisory LLC acquired a new position in shares of Aqua America during the 4th quarter worth about $321,000. Vident Investment Advisory LLC raised its position in shares of Aqua America by 74.6% during the 4th quarter. Vident Investment Advisory LLC now owns 16,537 shares of the utilities provider’s stock worth $648,000 after purchasing an additional 7,064 shares during the last quarter. Finally, Hoylecohen LLC acquired a new position in shares of Aqua America during the 4th quarter worth about $1,269,000. Hedge funds and other institutional investors own 52.86% of the company’s stock.
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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