Brokerages expect that AquaVenture Holdings Ltd (NYSE:WAAS) will post $47.56 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for AquaVenture’s earnings, with estimates ranging from $46.91 million to $48.20 million. AquaVenture posted sales of $34.45 million in the same quarter last year, which suggests a positive year over year growth rate of 38.1%. The company is expected to issue its next earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that AquaVenture will report full-year sales of $194.76 million for the current financial year, with estimates ranging from $193.80 million to $195.72 million. For the next financial year, analysts expect that the company will post sales of $207.26 million, with estimates ranging from $206.50 million to $208.01 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for AquaVenture.
AquaVenture (NYSE:WAAS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the 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 return on equity of 5.98% and a negative net margin of 12.62%. The company’s revenue for the quarter was up 43.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) earnings per share.
WAAS has been the subject of several recent research reports. Zacks Investment Research raised AquaVenture from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, March 28th. Citigroup set a $26.00 price objective on AquaVenture and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, ValuEngine raised AquaVenture from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. AquaVenture has an average rating of “Buy” and a consensus price target of $26.14.
In other news, Director Evan Lovell sold 5,203 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $19.01, for a total transaction of $98,909.03. Following the transaction, the director now owns 7,617 shares in the company, valued at $144,799.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 53.30% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in shares of AquaVenture by 446.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,268 shares of the company’s stock worth $44,000 after purchasing an additional 1,853 shares during the period. Acadian Asset Management LLC purchased a new stake in AquaVenture during the first quarter valued at about $51,000. Bank of America Corp DE boosted its position in AquaVenture by 62.7% during the fourth quarter. Bank of America Corp DE now owns 8,698 shares of the company’s stock valued at $165,000 after buying an additional 3,351 shares during the period. Nisa Investment Advisors LLC boosted its position in AquaVenture by 42.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,000 shares of the company’s stock valued at $170,000 after buying an additional 2,700 shares during the period. Finally, Conestoga Capital Advisors LLC purchased a new stake in AquaVenture during the first quarter valued at about $199,000. 33.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of WAAS stock traded down $0.19 on Friday, hitting $18.96. 37 shares of the stock were exchanged, compared to its average volume of 38,537. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.60 and a quick ratio of 2.22. The stock has a market capitalization of $498.86 million, a P/E ratio of -24.31 and a beta of 0.76. AquaVenture has a fifty-two week low of $13.64 and a fifty-two week high of $23.35.
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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