Evoqua Water Technologies (NYSE:AQUA – Get Rating) posted its earnings results on Tuesday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02, Fidelity Earnings reports. Evoqua Water Technologies had a net margin of 3.36% and a return on equity of 13.60%. The company had revenue of $426.70 million for the quarter, compared to analysts’ expectations of $412.54 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Evoqua Water Technologies’s revenue for the quarter was up 23.1% compared to the same quarter last year.
Shares of AQUA traded down $0.68 during mid-day trading on Friday, hitting $39.59. 1,716 shares of the company’s stock were exchanged, compared to its average volume of 775,359. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 91.52, a P/E/G ratio of 3.58 and a beta of 1.79. Evoqua Water Technologies has a fifty-two week low of $27.75 and a fifty-two week high of $49.38. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.27 and a current ratio of 1.71. The stock’s 50-day moving average is $43.90 and its 200-day moving average is $43.63.
AQUA has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Evoqua Water Technologies from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, April 5th. Oppenheimer raised shares of Evoqua Water Technologies from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Thursday, January 20th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Evoqua Water Technologies has a consensus rating of “Buy” and an average price target of $48.75.
Several hedge funds have recently added to or reduced their stakes in the stock. Redmond Asset Management LLC increased its stake in shares of Evoqua Water Technologies by 2.5% during the first quarter. Redmond Asset Management LLC now owns 10,648 shares of the company’s stock worth $500,000 after buying an additional 262 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Evoqua Water Technologies by 1.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 20,272 shares of the company’s stock worth $948,000 after buying an additional 269 shares during the period. Belpointe Asset Management LLC increased its stake in Evoqua Water Technologies by 13.2% in the first quarter. Belpointe Asset Management LLC now owns 3,206 shares of the company’s stock valued at $151,000 after purchasing an additional 375 shares during the last quarter. Nvwm LLC increased its stake in Evoqua Water Technologies by 76.7% in the fourth quarter. Nvwm LLC now owns 1,060 shares of the company’s stock valued at $48,000 after purchasing an additional 460 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Evoqua Water Technologies by 472.3% in the first quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $30,000 after purchasing an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
About Evoqua Water Technologies (Get Rating)
Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. It operates in two segments, Integrated Solutions and Services, and Applied Product Technologies.
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