Analysts Anticipate AquaVenture Holdings Ltd (WAAS) to Post -$0.20 EPS

Equities analysts expect that AquaVenture Holdings Ltd (NYSE:WAAS) will post ($0.20) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AquaVenture’s earnings, with the lowest EPS estimate coming in at ($0.25) and the highest estimate coming in at ($0.14). AquaVenture posted 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 company is expected to issue its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that AquaVenture will report full-year earnings of ($0.76) per share for the current fiscal year, with EPS estimates ranging from ($0.94) to ($0.57). For the next fiscal year, analysts anticipate that the business will post 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 analysts that follow AquaVenture.

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

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Citigroup set a $26.00 price objective on shares of AquaVenture and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, ValuEngine upgraded shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.14.

WAAS stock traded up $0.04 during mid-day trading on Friday, reaching $18.65. The company’s stock had a trading volume of 1,016 shares, compared to its average volume of 81,052. The company has a market cap of $501.54 million, a price-to-earnings ratio of -23.81 and a beta of 0.83. The company has a current ratio of 2.60, a quick ratio of 2.22 and a debt-to-equity ratio of 0.96. AquaVenture has a fifty-two week low of $14.38 and a fifty-two week high of $23.35.

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 in the company, valued at approximately $144,799.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 53.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of AquaVenture by 446.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,268 shares of the company’s stock worth $44,000 after buying an additional 1,853 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of AquaVenture during the 1st quarter worth approximately $51,000. Electron Capital Partners LLC acquired a new stake in shares of AquaVenture during the 1st quarter worth approximately $148,995,000. Bank of America Corp DE increased its holdings in shares of AquaVenture by 62.7% during the 4th quarter. Bank of America Corp DE now owns 8,698 shares of the company’s stock worth $165,000 after buying an additional 3,351 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of AquaVenture by 42.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,000 shares of the company’s stock worth $170,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 34.54% of the company’s stock.

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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