AquaVenture Holdings Ltd (WAAS) Expected to Announce Earnings of -$0.20 Per Share

Brokerages expect AquaVenture Holdings Ltd (NYSE:WAAS) to report earnings per share of ($0.20) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for AquaVenture’s earnings. AquaVenture posted earnings of ($0.25) per share in the same quarter last year, which indicates a positive year over year growth rate of 20%. The business is expected to issue its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that AquaVenture will report full-year earnings of ($0.73) per share for the current year. For the next year, analysts expect that the firm will post earnings of ($0.71) per share, with EPS estimates ranging from ($0.80) to ($0.61). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow AquaVenture.

AquaVenture (NYSE:WAAS) last issued its quarterly earnings data on Wednesday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.11. The firm had revenue of $36.80 million during the quarter, compared to the consensus estimate of $34.10 million. AquaVenture had a negative net margin of 19.75% and a negative return on equity of 7.34%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share.

WAAS has been the topic of several research analyst reports. Citigroup set a $23.00 price target on shares of AquaVenture and gave the company a “buy” rating in a research report on Monday, November 5th. B. Riley boosted their price target on shares of AquaVenture from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. JMP Securities set a $30.00 price target on shares of AquaVenture and gave the company a “buy” rating in a research report on Thursday. Lake Street Capital initiated coverage on shares of AquaVenture in a research report on Friday, August 17th. They set a “buy” rating and a $29.00 price target on the stock. Finally, TheStreet upgraded shares of AquaVenture from a “d” rating to a “c-” rating in a research report on Monday, August 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.25.

Shares of NYSE WAAS opened at $18.33 on Wednesday. AquaVenture has a 1 year low of $11.83 and a 1 year high of $20.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 5.74 and a current ratio of 6.17. The stock has a market cap of $455.33 million, a P/E ratio of -18.70 and a beta of 1.03.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP purchased a new stake in AquaVenture in the first quarter worth about $174,000. Guggenheim Capital LLC grew its holdings in AquaVenture by 12.7% in the first quarter. Guggenheim Capital LLC now owns 86,629 shares of the company’s stock worth $1,075,000 after purchasing an additional 9,777 shares during the period. Private Capital Management LLC purchased a new stake in AquaVenture in the second quarter worth about $1,268,000. GMT Capital Corp purchased a new stake in AquaVenture in the second quarter worth about $1,604,000. Finally, Citadel Advisors LLC grew its holdings in AquaVenture by 117.5% in the second quarter. Citadel Advisors LLC now owns 48,059 shares of the company’s stock worth $749,000 after purchasing an additional 25,965 shares during the period. Institutional investors and hedge funds own 35.14% of the company’s stock.

About AquaVenture

AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers. The Quench segment focuses in the rental and servicing of POU water filtration systems and related equipment, such as ice and sparkling water machines, and from the contracted maintenance of customer-owned equipment.

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