AquaVenture Holdings Ltd (NYSE:WAAS) Expected to Announce Earnings of -$0.17 Per Share

Wall Street analysts expect that AquaVenture Holdings Ltd (NYSE:WAAS) will announce ($0.17) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for AquaVenture’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.20). AquaVenture reported earnings per share of ($0.25) during the same quarter last year, which would indicate a positive year over year growth rate of 32%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that AquaVenture will report full-year earnings of ($0.64) per share for the current fiscal year, with EPS estimates ranging from ($0.66) to ($0.59). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.55) per share, with EPS estimates ranging from ($0.71) to ($0.38). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover AquaVenture.

AquaVenture (NYSE:WAAS) last posted its earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.07. AquaVenture had a negative return on equity of 5.64% and a negative net margin of 10.28%. The firm had revenue of $52.90 million for the quarter, compared to analyst estimates of $49.13 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 43.8% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, September 18th. ValuEngine cut AquaVenture from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada reissued a “buy” rating and set a $23.00 target price on shares of AquaVenture in a research note on Sunday, August 11th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $26.33.

Shares of AquaVenture stock traded up $0.16 during trading hours on Friday, hitting $21.90. The company’s stock had a trading volume of 106,800 shares, compared to its average volume of 124,269. The company has a market capitalization of $706.53 million, a PE ratio of -28.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.09 and a quick ratio of 3.64. The stock has a 50 day moving average of $20.78 and a 200 day moving average of $19.04. AquaVenture has a 12 month low of $16.08 and a 12 month high of $23.35.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its holdings in AquaVenture by 56.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,095,000 shares of the company’s stock worth $21,276,000 after purchasing an additional 395,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of AquaVenture by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 725,611 shares of the company’s stock valued at $14,490,000 after purchasing an additional 4,745 shares during the period. Monarch Partners Asset Management LLC raised its stake in shares of AquaVenture by 140.3% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 615,927 shares of the company’s stock valued at $11,967,000 after purchasing an additional 359,578 shares during the period. BlackRock Inc. lifted its holdings in shares of AquaVenture by 6.6% in the second quarter. BlackRock Inc. now owns 546,055 shares of the company’s stock valued at $10,905,000 after purchasing an additional 33,813 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its holdings in shares of AquaVenture by 15.0% in the third quarter. Granahan Investment Management Inc. MA now owns 534,213 shares of the company’s stock valued at $10,380,000 after purchasing an additional 69,771 shares in the last quarter. 44.55% of the stock is owned by hedge funds and other institutional investors.

About AquaVenture

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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