Zacks: Brokerages Expect AquaVenture Holdings Ltd (WAAS) to Post -$0.20 Earnings Per Share

Wall Street brokerages expect that AquaVenture Holdings Ltd (NYSE:WAAS) will post earnings per share of ($0.20) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for AquaVenture’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.25). AquaVenture reported earnings per share of ($0.19) in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The business is expected to issue its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that AquaVenture will report full-year earnings of ($0.76) per share for the current year, with EPS estimates ranging from ($0.94) to ($0.57). For the next year, analysts forecast that the company will report earnings of ($0.61) per share, with EPS estimates ranging from ($0.89) to ($0.33). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AquaVenture.

AquaVenture (NYSE:WAAS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. AquaVenture had a negative net margin of 12.62% and a negative return on equity of 5.98%. The company had revenue of $46.60 million during the quarter, compared to the consensus estimate of $45.63 million. During the same quarter last year, the company earned ($0.24) earnings per share. AquaVenture’s revenue for the quarter was up 43.4% on a year-over-year basis.

Several brokerages have issued reports on WAAS. Citigroup set a $26.00 price objective on shares of AquaVenture and gave the company a “buy” rating in a research report on Thursday, February 28th. ValuEngine raised shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. AquaVenture currently has a consensus rating of “Buy” and an average target price of $26.14.

In other news, Director Evan Lovell sold 5,203 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $19.01, for a total transaction of $98,909.03. Following the completion of the sale, the director now owns 7,617 shares of the company’s stock, valued at $144,799.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 53.30% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its position in shares of AquaVenture by 9.9% during the third quarter. Vanguard Group Inc now owns 642,156 shares of the company’s stock worth $11,604,000 after buying an additional 57,978 shares in the last quarter. Vanguard Group Inc. grew its position in shares of AquaVenture by 9.9% during the third quarter. Vanguard Group Inc. now owns 642,156 shares of the company’s stock worth $11,604,000 after buying an additional 57,978 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of AquaVenture by 27.1% during the fourth quarter. Handelsbanken Fonder AB now owns 571,933 shares of the company’s stock worth $10,804,000 after buying an additional 121,933 shares in the last quarter. BlackRock Inc. grew its position in shares of AquaVenture by 13.9% during the fourth quarter. BlackRock Inc. now owns 511,804 shares of the company’s stock worth $9,668,000 after buying an additional 62,320 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of AquaVenture by 21.2% during the first quarter. Renaissance Technologies LLC now owns 444,200 shares of the company’s stock worth $8,595,000 after buying an additional 77,800 shares in the last quarter. 33.90% of the stock is owned by institutional investors and hedge funds.

NYSE:WAAS traded down $0.19 during trading hours on Friday, hitting $18.96. The stock had a trading volume of 37 shares, compared to its average volume of 38,537. The company has a quick ratio of 2.22, a current ratio of 2.60 and a debt-to-equity ratio of 0.96. AquaVenture has a 1-year low of $13.64 and a 1-year high of $23.35. The company has a market capitalization of $498.86 million, a price-to-earnings ratio of -24.31 and a beta of 0.76.

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, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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