Brokerages expect that AquaVenture Holdings Ltd (NASDAQ:WAAS) will announce sales of $31.35 million for the current quarter, Zacks reports. Two analysts have issued estimates for AquaVenture Holdings’ earnings, with estimates ranging from $31.00 million to $31.70 million. The company is scheduled to report its next earnings report before the market opens on Wednesday, August 9th.
On average, analysts expect that AquaVenture Holdings will report full year sales of $31.35 million for the current financial year, with estimates ranging from $127.00 million to $129.00 million. For the next fiscal year, analysts expect that the business will report sales of $145.68 million per share, with estimates ranging from $138.70 million to $152.66 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow AquaVenture Holdings.
AquaVenture Holdings (NASDAQ:WAAS) last posted its quarterly earnings data on Tuesday, May 9th. The company reported ($0.23) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.23). The company had revenue of $29.01 million during the quarter, compared to analysts’ expectations of $29.93 million. AquaVenture Holdings had a negative net margin of 21.12% and a negative return on equity of 6.72%. The firm’s revenue was up 6.9% on a year-over-year basis.
A number of research analysts recently issued reports on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $28.00 target price on shares of AquaVenture Holdings in a research note on Thursday, May 18th. Zacks Investment Research lowered shares of 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 assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $27.00.
In other news, CEO Douglas R. Brown bought 16,500 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $16.72 per share, for a total transaction of $275,880.00. Following the purchase, the chief executive officer now owns 1,435,845 shares of the company’s stock, valued at approximately $24,007,328.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas R. Brown bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average price of $17.05 per share, for a total transaction of $170,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,445,845 shares in the company, valued at approximately $24,651,657.25. The disclosure for this purchase can be found here. Insiders purchased a total of 32,800 shares of company stock worth $547,558 over the last quarter.
A number of hedge funds and other institutional investors have recently bought and sold shares of WAAS. GCA Investment Management LLC raised its position in AquaVenture Holdings by 28.5% in the second quarter. GCA Investment Management LLC now owns 239,489 shares of the company’s stock worth $3,647,000 after buying an additional 53,100 shares during the last quarter. Bank of New York Mellon Corp raised its stake in AquaVenture Holdings by 44.5% in the second quarter. Bank of New York Mellon Corp now owns 43,290 shares of the company’s stock valued at $659,000 after buying an additional 13,326 shares in the last quarter. SG Americas Securities LLC raised its stake in AquaVenture Holdings by 15.6% in the second quarter. SG Americas Securities LLC now owns 15,475 shares of the company’s stock valued at $236,000 after buying an additional 2,090 shares in the last quarter. Rhumbline Advisers bought a new stake in AquaVenture Holdings during the second quarter valued at about $182,000. Finally, First Trust Advisors LP bought a new stake in AquaVenture Holdings during the second quarter valued at about $2,652,000.
AquaVenture Holdings (WAAS) traded up 0.69% during trading on Wednesday, reaching $16.10. 65,167 shares of the company’s stock were exchanged. AquaVenture Holdings has a 1-year low of $14.27 and a 1-year high of $26.33. The company’s 50-day moving average is $15.69 and its 200-day moving average is $17.06. The company’s market capitalization is $425.17 million.
AquaVenture Holdings Company Profile
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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