Evoqua Water Technologies (AQUA) Scheduled to Post Quarterly Earnings on Tuesday

Evoqua Water Technologies (NYSE:AQUA – Get Rating) is scheduled to be announcing its earnings results before the market opens on Tuesday, January 31st. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Evoqua Water Technologies has set its FY 2023 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Evoqua Water Technologies (NYSE:AQUA – Get Rating) last posted its earnings results on Tuesday, November 15th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. Evoqua Water Technologies had a return on equity of 16.40% and a net margin of 4.16%. The company had revenue of $504.76 million for the quarter, compared to the consensus estimate of $463.90 million. On average, analysts expect Evoqua Water Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Evoqua Water Technologies Trading Up 2.2 %

NYSE:AQUA traded up $1.05 on Tuesday, reaching $48.33. The company’s stock had a trading volume of 5,436,869 shares, compared to its average volume of 2,027,313. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 1.22. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 83.33, a price-to-earnings-growth ratio of 3.39 and a beta of 1.72. Evoqua Water Technologies has a 12-month low of $30.44 and a 12-month high of $48.92. The stock has a 50 day moving average price of $41.97 and a 200 day moving average price of $38.44.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its position in shares of Evoqua Water Technologies by 2.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 20,740 shares of the company’s stock worth $974,000 after buying an additional 468 shares during the period. FMR LLC raised its position in Evoqua Water Technologies by 0.5% in the second quarter. FMR LLC now owns 115,699 shares of the company’s stock valued at $3,762,000 after purchasing an additional 619 shares during the period. Captrust Financial Advisors raised its position in Evoqua Water Technologies by 21.2% in the second quarter. Captrust Financial Advisors now owns 4,542 shares of the company’s stock valued at $148,000 after purchasing an additional 796 shares during the period. Gabelli Funds LLC raised its position in Evoqua Water Technologies by 5.8% in the first quarter. Gabelli Funds LLC now owns 28,513 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,575 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in Evoqua Water Technologies by 9.9% in the third quarter. CIBC Private Wealth Group LLC now owns 28,230 shares of the company’s stock valued at $934,000 after purchasing an additional 2,545 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Evoqua Water Technologies from $43.00 to $50.00 in a research note on Wednesday, November 16th. Oppenheimer downgraded Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a report on Wednesday, November 16th. Citigroup upped their price objective on Evoqua Water Technologies from $37.00 to $45.00 in a research note on Wednesday, November 16th. Robert W. Baird upped their price objective on Evoqua Water Technologies from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on Evoqua Water Technologies from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, November 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.71.

Evoqua Water Technologies Company Profile

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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 through two segments, Integrated Solutions and Services, and Applied Product Technologies.