Essential Utilities (WTRG) Set to Announce Earnings on Monday

Essential Utilities (NYSE:WTRGGet Rating) is scheduled to announce its earnings results before the market opens on Monday, May 9th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Essential Utilities (NYSE:WTRGGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported $0.44 earnings per share for the quarter. Essential Utilities had a net margin of 22.98% and a return on equity of 8.65%. The firm had revenue of $535.69 million for the quarter. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, analysts expect Essential Utilities to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WTRG stock opened at $44.76 on Monday. 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 $44.66 and a 1 year high of $53.93. The company has a fifty day simple moving average of $48.61 and a 200 day simple moving average of $48.71. The firm has a market cap of $11.32 billion, a PE ratio of 26.80, a PEG ratio of 4.30 and a beta of 0.64.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.268 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.07 annualized dividend and a dividend yield of 2.39%. Essential Utilities’s payout ratio is 64.07%.

Several brokerages have weighed in on WTRG. Barclays upped their price objective on shares of Essential Utilities from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 15th. Evercore ISI raised shares of Essential Utilities from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $52.00 to $53.00 in a research report on Thursday, March 10th. Zacks Investment Research raised shares of Essential Utilities from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a research report on Wednesday, April 27th. Wells Fargo & Company increased their price target on shares of Essential Utilities from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 19th. Finally, StockNews.com cut shares of Essential Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, April 13th. 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. According to data from MarketBeat, Essential Utilities presently has a consensus rating of “Hold” and a consensus target price of $52.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of Essential Utilities by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 371,738 shares of the company’s stock valued at $19,958,000 after purchasing an additional 6,748 shares during the last quarter. Comerica Bank boosted its holdings in Essential Utilities by 5.7% in the 4th quarter. Comerica Bank now owns 107,192 shares of the company’s stock worth $5,131,000 after buying an additional 5,815 shares during the period. NewEdge Advisors LLC bought a new position in Essential Utilities in the 4th quarter worth $713,000. Kingsview Wealth Management LLC purchased a new stake in Essential Utilities in the 4th quarter worth $366,000. Finally, First Community Trust NA purchased a new stake in shares of Essential Utilities during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 67.74% of the company’s stock.

About Essential Utilities (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 for Essential Utilities (NYSE:WTRG)

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