Essential Utilities, Inc. (NYSE:WTRG) Expected to Earn Q1 2022 Earnings of $0.72 Per Share

Essential Utilities, Inc. (NYSE:WTRGGet Rating) – US Capital Advisors issued their Q1 2022 earnings per share estimates for Essential Utilities in a report issued on Monday, April 25th. US Capital Advisors analyst B. Followill forecasts that the company will post earnings of $0.72 per share for the quarter. US Capital Advisors also issued estimates for Essential Utilities’ FY2022 earnings at $1.77 EPS and FY2024 earnings at $1.82 EPS.

A number of other equities analysts have also recently issued reports on WTRG. Evercore ISI upgraded Essential Utilities from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $52.00 to $53.00 in a report on Thursday, March 10th. Barclays lifted their price objective on Essential Utilities from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, March 15th. Wells Fargo & Company lifted their price objective on Essential Utilities from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Zacks Investment Research upgraded Essential Utilities from a “sell” rating to a “hold” rating and set a $49.00 price objective on the stock in a report on Wednesday. Finally, HSBC cut Essential Utilities from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Friday, April 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Essential Utilities presently has a consensus rating of “Hold” and an average target price of $52.00.

Shares of WTRG opened at $45.52 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. Essential Utilities has a 1 year low of $44.71 and a 1 year high of $53.93. The stock has a market cap of $11.52 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 4.55 and a beta of 0.64. The stock’s 50-day moving average price is $48.61 and its two-hundred day moving average price is $48.69.

Essential Utilities (NYSE:WTRGGet Rating) last issued its earnings results on Wednesday, February 23rd. The company reported $0.44 earnings per share (EPS) for the quarter. Essential Utilities had a return on equity of 8.65% and a net margin of 22.98%. The firm had revenue of $535.69 million for the quarter. During the same quarter last year, the business posted $0.46 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTRG. Sageworth Trust Co of South Dakota bought a new stake in Essential Utilities in the 4th quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. increased its position in shares of Essential Utilities by 191.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 522 shares of the company’s stock worth $28,000 after purchasing an additional 343 shares during the last quarter. FSB Premier Wealth Management Inc. acquired a new position in shares of Essential Utilities during the 4th quarter worth approximately $29,000. Concord Wealth Partners acquired a new position in shares of Essential Utilities during the 4th quarter worth approximately $31,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in shares of Essential Utilities during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 67.74% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, May 12th. Essential Utilities’s payout ratio is 64.07%.

Essential Utilities Company Profile (Get Rating)

Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. It offers water services through operating and maintenance contract with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through a third-party.

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Earnings History and Estimates for Essential Utilities (NYSE:WTRG)

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