Brokerages expect AquaVenture Holdings Ltd (NYSE:WAAS) to announce $33.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AquaVenture’s earnings. The lowest sales estimate is $32.50 million and the highest is $34.50 million. AquaVenture reported sales of $29.89 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The business is expected to report its next earnings results on Thursday, November 8th.

On average, analysts expect that AquaVenture will report full-year sales of $134.84 million for the current financial year, with estimates ranging from $133.28 million to $136.40 million. For the next year, analysts forecast that the company will post sales of $142.94 million per share, with estimates ranging from $142.58 million to $143.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover AquaVenture.

AquaVenture (NYSE:WAAS) last announced its earnings results on Wednesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The firm had revenue of $34.45 million during the quarter, compared to analysts’ expectations of $32.64 million. AquaVenture had a negative return on equity of 7.34% and a negative net margin of 19.75%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share.

A number of equities research analysts have issued reports on WAAS shares. Lake Street Capital started coverage on AquaVenture in a research report on Friday, August 17th. They set a “buy” rating and a $29.00 target price for the company. JMP Securities upped their target price on AquaVenture from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research raised AquaVenture from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Saturday, July 7th. ValuEngine raised AquaVenture from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Finally, TheStreet raised AquaVenture from a “d” rating to a “c-” rating in a research report on Monday, August 20th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $22.14.

Several hedge funds have recently modified their holdings of WAAS. Millennium Management LLC lifted its holdings in shares of AquaVenture by 117.2% during the fourth quarter. Millennium Management LLC now owns 35,261 shares of the company’s stock worth $547,000 after buying an additional 19,025 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of AquaVenture during the first quarter worth approximately $374,000. Engineers Gate Manager LP acquired a new position in shares of AquaVenture during the first quarter worth approximately $198,000. Gamco Investors INC. ET AL acquired a new position in shares of AquaVenture during the first quarter worth approximately $154,000. Finally, Teton Advisors Inc. acquired a new position in shares of AquaVenture during the first quarter worth approximately $143,000. Institutional investors own 33.77% of the company’s stock.

AquaVenture stock traded up $0.86 during trading hours on Wednesday, reaching $18.20. 117,700 shares of the company were exchanged, compared to its average volume of 94,009. The stock has a market capitalization of $456.92 million, a P/E ratio of -18.36 and a beta of 1.16. The company has a quick ratio of 5.74, a current ratio of 6.17 and a debt-to-equity ratio of 0.49. AquaVenture has a 12 month low of $10.87 and a 12 month high of $18.72.

AquaVenture Company Profile

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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