Aqua America Inc (WTR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Aqua America Inc (WTR) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.28. The company posted revenue of $192.60 million in the period, compared to analysts expectations of $197.66 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Aqua America Inc. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .

Aqua America Inc opened for trading at $31.73 and hit $32.35 on the upside on Monday, eventually ending the session at $32.33, with a gain of 2.12% or 0.67 points. The heightened volatility saw the trading volume jump to 10,29,409 shares. Company has a market cap of $5,724 M.

In a different news, on Mar 16, 2016, Robert A Rubin (Chief Accounting Officer) sold 9,375 shares at $31.68 per share price. According to the SEC, on Mar 16, 2016, Nicholas Debenedictis (director) sold 100,531 shares at $31.52 per share price. On Mar 7, 2016, David Smeltzer (Executive VP & CFO) sold 10,000 shares at $31.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Aqua America Inc. is a holding company. The Company through its subsidiaries provides water or wastewater services in Pennsylvania Ohio Texas Illinois North Carolina New Jersey Indiana and Virginia. Its largest operating subsidiary is Aqua Pennsylvania Inc. which provides water or wastewater services to approximately one-half of the total number of people the Company serves. Its other regulated utility subsidiaries provide similar services in seven other states. In addition its non-regulated subsidiary Aqua Resources Inc. provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems and provides other non-regulated water and wastewater services among others. The Company’s non-regulated subsidiary Aqua Infrastructure LLC provides non-utility raw water supply services for firms in the natural gas drilling industry.

Aqua America Inc

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