Brokerages predict that AquaVenture Holdings Ltd (NYSE:WAAS) will announce earnings of ($0.17) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for AquaVenture’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.12). AquaVenture posted earnings per share of ($0.25) in the same quarter last year, which would indicate a positive year-over-year growth rate of 32%. The company is expected to issue its next earnings results on Wednesday, February 26th.
According to Zacks, analysts expect that AquaVenture will report full year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.59). For the next financial year, analysts anticipate that the company will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.67) to ($0.38). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AquaVenture.
WAAS has been the topic of a number of analyst reports. Lake Street Capital cut AquaVenture from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Raymond James cut AquaVenture from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 24th. Roth Capital cut AquaVenture from a “buy” rating to a “neutral” rating and set a $27.10 price target on the stock. in a research note on Monday, December 23rd. ValuEngine cut AquaVenture from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada cut AquaVenture from an “outperform” rating to a “sector perform” rating and set a $27.10 price target on the stock. in a research note on Tuesday, December 24th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.06.
A number of institutional investors and hedge funds have recently modified their holdings of WAAS. Pictet Asset Management Ltd. acquired a new stake in AquaVenture during the 4th quarter worth about $19,420,000. GW&K Investment Management LLC acquired a new stake in AquaVenture during the 3rd quarter worth about $8,490,000. Handelsbanken Fonder AB boosted its position 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 acquiring an additional 395,000 shares during the period. Monarch Partners Asset Management LLC boosted its position in AquaVenture by 140.3% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 615,927 shares of the company’s stock worth $11,967,000 after acquiring an additional 359,578 shares during the period. Finally, ARP Americas LP acquired a new stake in AquaVenture during the 4th quarter worth about $4,744,000. 46.84% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:WAAS traded down $0.01 during mid-day trading on Friday, reaching $27.00. 78,305 shares of the stock were exchanged, compared to its average volume of 374,482. The business has a fifty day moving average price of $26.99 and a 200 day moving average price of $21.52. The firm has a market capitalization of $856.97 million, a PE ratio of -37.50 and a beta of 1.04. AquaVenture has a 1-year low of $16.08 and a 1-year high of $27.78. The company has a current ratio of 4.09, a quick ratio of 3.64 and a debt-to-equity ratio of 0.79.
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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