AquaVenture Holdings Ltd (NYSE:WAAS) – Stock analysts at B. Riley lifted their FY2019 earnings per share (EPS) estimates for shares of AquaVenture in a research note issued to investors on Wednesday, December 19th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of ($0.56) for the year, up from their prior estimate of ($0.61). B. Riley has a “Buy” rating and a $28.00 price objective on the stock.
AquaVenture (NYSE:WAAS) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. The firm had revenue of $36.80 million during the quarter, compared to analysts’ expectations of $34.10 million. AquaVenture had a negative return on equity of 6.03% and a negative net margin of 15.19%. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) EPS.
A number of other analysts have also recently commented on the company. Raymond James cut AquaVenture from a “strong-buy” rating to an “outperform” rating and set a $22.00 price objective for the company. in a research report on Tuesday, October 2nd. Citigroup set a $23.00 price target on AquaVenture and gave the stock a “buy” rating in a research note on Monday, November 5th. JMP Securities set a $30.00 price target on AquaVenture and gave the stock a “buy” rating in a research note on Thursday, November 8th. Royal Bank of Canada raised their price target on AquaVenture from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, November 5th. Finally, Zacks Investment Research lowered AquaVenture from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $25.00.
AquaVenture stock opened at $18.62 on Monday. The stock has a market cap of $484.10 million, a P/E ratio of -19.00 and a beta of 1.07. AquaVenture has a 52 week low of $11.83 and a 52 week high of $20.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.00 and a quick ratio of 4.64.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of AquaVenture in the 2nd quarter valued at about $164,000. Mycio Wealth Partners LLC acquired a new position in shares of AquaVenture in the 3rd quarter valued at about $280,000. FMR LLC acquired a new position in shares of AquaVenture in the 2nd quarter valued at about $243,000. Monarch Partners Asset Management LLC acquired a new position in shares of AquaVenture in the 3rd quarter valued at about $735,000. Finally, GSA Capital Partners LLP lifted its stake in shares of AquaVenture by 73.8% in the 3rd quarter. GSA Capital Partners LLP now owns 47,807 shares of the company’s stock valued at $864,000 after purchasing an additional 20,301 shares in the last quarter. 32.98% of the stock is currently owned by institutional investors and hedge funds.
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 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.