Q1 2019 EPS Estimates for Aqua America Inc Increased by Boenning Scattergood (WTR)

Aqua America Inc (NYSE:WTR) – Boenning Scattergood raised their Q1 2019 EPS estimates for Aqua America in a report issued on Tuesday, February 19th. Boenning Scattergood analyst R. Connors now anticipates that the utilities provider will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.27. Boenning Scattergood has a “Buy” rating and a $43.00 price objective on the stock. Boenning Scattergood also issued estimates for Aqua America’s Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $1.50 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.52 EPS and FY2020 earnings at $1.55 EPS.

Aqua America (NYSE:WTR) last released its quarterly earnings results on Monday, February 18th. The utilities provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $205.75 million for the quarter, compared to the consensus estimate of $212.50 million. Aqua America had a return on equity of 12.49% and a net margin of 22.91%.

Several other analysts have also recently weighed in on WTR. Janney Montgomery Scott restated a “buy” rating on shares of Aqua America in a report on Tuesday, February 5th. Wells Fargo & Co set a $35.00 price target on Aqua America and gave the stock a “hold” rating in a report on Tuesday, November 6th. Robert W. Baird upgraded Aqua America from a “neutral” rating to an “outperform” rating and set a $39.00 price target on the stock in a report on Thursday, December 6th. ValuEngine cut Aqua America from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Finally, Macquarie set a $35.00 price objective on Aqua America and gave the stock a “hold” rating in a research note on Thursday, October 25th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Aqua America currently has a consensus rating of “Hold” and an average target price of $37.50.

NYSE:WTR opened at $35.86 on Thursday. The stock has a market cap of $6.32 billion, a PE ratio of 25.43, a PEG ratio of 4.52 and a beta of 0.47. The company has a current ratio of 0.37, a quick ratio of 0.46 and a debt-to-equity ratio of 1.19. Aqua America has a 1-year low of $32.09 and a 1-year high of $38.24.

Several institutional investors have recently bought and sold shares of WTR. Ruggie Capital Group acquired a new position in Aqua America in the fourth quarter valued at approximately $26,000. Resources Investment Advisors Inc. acquired a new position in Aqua America in the fourth quarter valued at approximately $34,000. Bell Rock Capital LLC lifted its stake in Aqua America by 308.3% in the fourth quarter. Bell Rock Capital LLC now owns 1,327 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,002 shares during the period. First Command Bank acquired a new position in Aqua America in the fourth quarter valued at approximately $46,000. Finally, First Command Financial Services Inc. acquired a new position in Aqua America in the fourth quarter valued at approximately $46,000. 54.59% of the stock is currently owned by institutional investors.

The business also recently disclosed a mar 19 dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a $0.219 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, February 14th. Aqua America’s dividend payout ratio is currently 62.41%.

Aqua America Company Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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Earnings History and Estimates for Aqua America (NYSE:WTR)

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