Aqua America Inc (WTR) Releases Earnings Results, Reports EPS of $0.33 EPS

Aqua America Inc (WTR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.33 EPS for the quarter. Analysts had a consensus estimate of $0.33. The company posted revenue of $203.88 million in the period, compared to analysts expectations of $209.61 million. The company’s revenue was down -.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Aqua America Inc. Company shares were Reiterated by Barclays on May 5, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .

Aqua America Inc opened for trading at $34.3 and hit $34.8599 on the upside on Friday, eventually ending the session at $34.64, with a gain of 0.73% or 0.25 points. The heightened volatility saw the trading volume jump to 12,32,703 shares. Company has a market cap of $6,141 M.

In a different news, on May 26, 2016, Richard H Glanton (director) sold 280 shares at $31.77 per share price. According to the SEC, on May 19, 2016, David Smeltzer (Executive VP & CFO) sold 20,000 shares at $32.55 per share price. On May 12, 2016, Chris Franklin (Chief Executive Officer) sold 17,243 shares at $32.83 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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