Q3 2022 Earnings Forecast for Evoqua Water Technologies Corp. (NYSE:AQUA) Issued By Oppenheimer

Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating) – Stock analysts at Oppenheimer cut their Q3 2022 earnings per share estimates for Evoqua Water Technologies in a research report issued to clients and investors on Wednesday, May 4th. Oppenheimer analyst B. Blair now anticipates that the company will earn $0.19 per share for the quarter, down from their previous estimate of $0.20. Oppenheimer has a “Outperform” rating and a $45.00 price target on the stock. Oppenheimer also issued estimates for Evoqua Water Technologies’ Q4 2022 earnings at $0.29 EPS.

Separately, Zacks Investment Research upgraded shares of Evoqua Water Technologies from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, April 5th. 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, the company has a consensus rating of “Buy” and a consensus target price of $48.75.

Shares of Evoqua Water Technologies stock opened at $38.67 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.80 and a quick ratio of 1.27. Evoqua Water Technologies has a 1 year low of $27.75 and a 1 year high of $49.38. The firm’s 50-day moving average is $43.82 and its two-hundred day moving average is $43.68. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 87.89, a PEG ratio of 3.58 and a beta of 1.79.

Evoqua Water Technologies (NYSE:AQUAGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Evoqua Water Technologies had a net margin of 3.36% and a return on equity of 13.25%. The company had revenue of $426.70 million for the quarter, compared to the consensus estimate of $412.54 million. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year.

In other news, EVP Herve Fages sold 40,991 shares of the business’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $43.10, for a total transaction of $1,766,712.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Martin Lamb sold 100,000 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $42.02, for a total transaction of $4,202,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 228,632 shares of company stock worth $9,919,568. 3.79% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Evoqua Water Technologies by 9.7% in the 4th quarter. BlackRock Inc. now owns 13,892,245 shares of the company’s stock valued at $649,464,000 after buying an additional 1,227,582 shares during the period. Impax Asset Management Group plc raised its holdings in Evoqua Water Technologies by 5.7% in the 4th quarter. Impax Asset Management Group plc now owns 5,092,371 shares of the company’s stock valued at $238,068,000 after buying an additional 275,748 shares during the period. Janus Henderson Group PLC raised its holdings in Evoqua Water Technologies by 3.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,161,350 shares of the company’s stock valued at $118,756,000 after buying an additional 105,071 shares during the period. FIL Ltd raised its holdings in Evoqua Water Technologies by 2.9% in the 3rd quarter. FIL Ltd now owns 3,134,696 shares of the company’s stock valued at $117,739,000 after buying an additional 87,472 shares during the period. Finally, UBS Asset Management Americas Inc. raised its holdings in Evoqua Water Technologies by 19.2% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 2,879,424 shares of the company’s stock valued at $108,151,000 after buying an additional 463,473 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Evoqua Water Technologies Company Profile (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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Earnings History and Estimates for Evoqua Water Technologies (NYSE:AQUA)

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