AquaVenture Holdings (NYSE:WAAS) – Investment analysts at B. Riley issued their Q2 2018 earnings estimates for AquaVenture in a research note issued to investors on Thursday, May 17th. B. Riley analyst J. Van. Sinderen expects that the company will post earnings of ($0.22) per share for the quarter. B. Riley has a “Buy” rating and a $22.00 price objective on the stock. B. Riley also issued estimates for AquaVenture’s Q3 2018 earnings at ($0.25) EPS, Q4 2018 earnings at ($0.23) EPS, FY2018 earnings at ($0.93) EPS and FY2019 earnings at ($0.53) EPS.
AquaVenture (NYSE:WAAS) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.02). The business had revenue of $32.50 million during the quarter, compared to analyst estimates of $31.80 million. AquaVenture had a negative return on equity of 7.37% and a negative net margin of 20.87%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS.
WAAS has been the subject of a number of other research reports. Zacks Investment Research raised AquaVenture from a “sell” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 7th. Canaccord Genuity set a $23.00 price objective on AquaVenture and gave the stock a “buy” rating in a research report on Sunday, May 6th. JMP Securities initiated coverage on AquaVenture in a research report on Wednesday, April 18th. They issued an “outperform” rating and a $22.00 price objective for the company. ValuEngine raised AquaVenture from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $18.00 price objective on shares of AquaVenture in a research report on Friday, March 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.86.
AquaVenture opened at $14.33 on Monday, MarketBeat.com reports. The company has a quick ratio of 6.25, a current ratio of 6.65 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $371.59 million, a PE ratio of -14.62 and a beta of 0.97. AquaVenture has a 1-year low of $10.87 and a 1-year high of $17.70.
A number of institutional investors and hedge funds have recently modified their holdings of WAAS. Teton Advisors Inc. acquired a new stake in AquaVenture during the 1st quarter worth about $143,000. Gamco Investors INC. ET AL acquired a new stake in AquaVenture during the 1st quarter worth about $154,000. Dimensional Fund Advisors LP acquired a new stake in AquaVenture during the 1st quarter worth about $174,000. A.R.T. Advisors LLC acquired a new stake in AquaVenture during the 1st quarter worth about $197,000. Finally, Engineers Gate Manager LP acquired a new stake in AquaVenture during the 1st quarter worth about $198,000. 32.08% of the stock is owned by institutional investors.
In other news, CEO Douglas R. Brown purchased 50,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $13.67 per share, with a total value of $683,500.00. Following the transaction, the chief executive officer now owns 1,534,042 shares in the company, valued at approximately $20,970,354.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 57.00% of the company’s stock.
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 and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.
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