Essential Utilities (NYSE:WTRG – Get Free Report) is set to release its earnings data after the market closes on Monday, August 5th. Analysts expect Essential Utilities to post earnings of $0.34 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Essential Utilities (NYSE:WTRG – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). The business had revenue of $612.07 million for the quarter, compared to analyst estimates of $747.44 million. Essential Utilities had a return on equity of 8.62% and a net margin of 29.52%. On average, analysts expect Essential Utilities to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Essential Utilities Stock Performance
NYSE WTRG opened at $40.71 on Monday. The company has a market cap of $11.13 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.59 and a beta of 0.83. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.62 and a quick ratio of 0.52. The stock has a 50-day moving average of $38.12 and a two-hundred day moving average of $37.00. Essential Utilities has a 1-year low of $32.07 and a 1-year high of $42.93.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird dropped their target price on Essential Utilities from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, Essential Utilities currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.
Check Out Our Latest Stock Report on Essential Utilities
Insider Buying and Selling at Essential Utilities
In other news, CAO Robert A. Rubin sold 2,342 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $37.43, for a total transaction of $87,661.06. Following the completion of the transaction, the chief accounting officer now directly owns 53,391 shares of the company’s stock, valued at $1,998,425.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Robert A. Rubin sold 2,342 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $37.43, for a total transaction of $87,661.06. Following the completion of the transaction, the chief accounting officer now directly owns 53,391 shares of the company’s stock, valued at $1,998,425.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Robert A. Rubin sold 2,023 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $36.56, for a total value of $73,960.88. Following the transaction, the chief accounting officer now directly owns 13,358 shares of the company’s stock, valued at $488,368.48. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.
Essential Utilities Company Profile
Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties.
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