Analysts expect that Aqua America Inc (NYSE:WTR) will announce earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Aqua America’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Aqua America reported earnings per share of $0.28 during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The company is expected to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Aqua America will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.45. For the next fiscal year, analysts forecast that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.56. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Aqua America.
Aqua America (NYSE:WTR) last announced its earnings results on Tuesday, February 27th. The utilities provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $203.30 million for the quarter, compared to analysts’ expectations of $208.26 million. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. Aqua America’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Aqua America by 2.0% during the fourth quarter. BlackRock Inc. now owns 15,709,669 shares of the utilities provider’s stock worth $616,290,000 after purchasing an additional 312,765 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Aqua America by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock worth $89,451,000 after purchasing an additional 13,501 shares during the last quarter. Impax Asset Management LTD boosted its holdings in shares of Aqua America by 7.0% during the third quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock worth $69,812,000 after purchasing an additional 137,582 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Aqua America by 898.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,634,841 shares of the utilities provider’s stock worth $64,135,000 after purchasing an additional 1,471,060 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Aqua America by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,535,047 shares of the utilities provider’s stock worth $60,219,000 after purchasing an additional 36,814 shares during the last quarter. Institutional investors and hedge funds own 54.03% of the company’s stock.
Shares of Aqua America (NYSE WTR) opened at $33.61 on Wednesday. The company has a market capitalization of $5,970.00, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 3.98 and a beta of 0.48. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03. Aqua America has a fifty-two week low of $31.03 and a fifty-two week high of $39.55.
The firm also recently disclosed a mar 18 dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.2047 per share. This represents a dividend yield of 0.00579722458227131%. The ex-dividend date was Thursday, February 15th. Aqua America’s dividend payout ratio (DPR) is 60.29%.
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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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