Wall Street brokerages forecast that AquaVenture Holdings Ltd (NASDAQ:WAAS) will report ($0.14) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for AquaVenture Holdings’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.15). The business is expected to announce its next quarterly earnings report on Tuesday, August 8th.
On average, analysts expect that AquaVenture Holdings will report full-year earnings of ($0.67) per share for the current year, with EPS estimates ranging from ($0.76) to ($0.57). For the next financial year, analysts expect that the company will report earnings of ($0.38) per share, with EPS estimates ranging from ($0.38) to ($0.37). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AquaVenture Holdings.
AquaVenture Holdings (NASDAQ:WAAS) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.23) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.23). AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. The business had revenue of $29.01 million for the quarter, compared to analyst estimates of $29.93 million. The business’s quarterly revenue was up 6.9% on a year-over-year basis.
Several research firms recently weighed in on WAAS. Canaccord Genuity reissued a “buy” rating and set a $28.00 price objective on shares of AquaVenture Holdings in a report on Thursday, May 18th. Royal Bank Of Canada reduced their target price on AquaVenture Holdings from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, March 13th. Finally, Zacks Investment Research downgraded AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.00.
In related news, CEO Douglas R. Brown bought 16,500 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average cost of $16.72 per share, for a total transaction of $275,880.00. Following the completion of the transaction, the chief executive officer now owns 1,435,845 shares of the company’s stock, valued at $24,007,328.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Lovell bought 6,300 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price of $16.06 per share, with a total value of $101,178.00. Following the completion of the transaction, the director now directly owns 6,300 shares of the company’s stock, valued at approximately $101,178. The disclosure for this purchase can be found here. Insiders purchased 32,800 shares of company stock valued at $547,558 over the last quarter.
A number of hedge funds and other institutional investors have recently made changes to their positions in WAAS. DnB Asset Management AS bought a new position in shares of AquaVenture Holdings during the second quarter valued at about $445,000. Goldman Sachs Group Inc. raised its stake in AquaVenture Holdings by 23.7% in the first quarter. Goldman Sachs Group Inc. now owns 55,671 shares of the company’s stock valued at $950,000 after buying an additional 10,672 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in AquaVenture Holdings by 50.1% in the first quarter. Summit Partners Public Asset Management LLC now owns 180,000 shares of the company’s stock valued at $3,073,000 after buying an additional 60,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in AquaVenture Holdings by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,511 shares of the company’s stock valued at $385,000 after buying an additional 1,026 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in AquaVenture Holdings during the first quarter valued at about $262,000.
AquaVenture Holdings (NASDAQ WAAS) opened at 14.45 on Friday. The company’s market cap is $381.60 million. AquaVenture Holdings has a 12 month low of $14.30 and a 12 month high of $26.33. The firm has a 50-day moving average price of $16.58 and a 200 day moving average price of $18.32.
About AquaVenture Holdings
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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