Aqua America $WTR Earnings For Friday Preview
Background: Aqua America is the largest publicly-traded U.S.-based water utility serving residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York, South Carolina and Kentucky. The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years. Aqua America shares trade an average of 707,000 shares per day and has a marketcap of $3 billion
Strong third-quarter earnings growth is expected by Wall Street on November 2, 2012. The consensus mean is 35 cents a share, a gain of 2 cents (5.7%) from 33 cents during the corresponding quarter last year. Estimates from analysts range from a low of 33 cents per share, up to the highest estimate of 36 cents per share.
Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Aqua America has 5 buy recommendations out of 13 analysts covering the company, 8 holds, and no analysts recommend selling. Analysts may have missed a good one. In the last 12 months, the shares have really moved higher. The one year return is 15%, and the average analyst target price for Aqua America is $26.64.