Evoqua Water Technologies (NYSE:AQUA) Releases Earnings Results, Misses Estimates By $0.07 EPS

Evoqua Water Technologies (NYSE:AQUA) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07), Morningstar.com reports. The business had revenue of $360.30 million during the quarter, compared to analyst estimates of $359.07 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Evoqua Water Technologies updated its FY 2019 guidance to EPS.

NYSE:AQUA traded up $1.39 during trading hours on Wednesday, hitting $14.94. 448,205 shares of the company traded hands, compared to its average volume of 597,601. The business’s 50-day simple moving average is $13.82. Evoqua Water Technologies has a one year low of $7.92 and a one year high of $20.19.

A number of large investors have recently modified their holdings of AQUA. Bank of New York Mellon Corp lifted its stake in Evoqua Water Technologies by 14.7% during the fourth quarter. Bank of New York Mellon Corp now owns 272,752 shares of the company’s stock valued at $2,618,000 after purchasing an additional 34,907 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Evoqua Water Technologies during the fourth quarter valued at approximately $103,000. Great West Life Assurance Co. Can lifted its position in shares of Evoqua Water Technologies by 121.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,292 shares of the company’s stock valued at $77,000 after acquiring an additional 4,546 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Evoqua Water Technologies in the 4th quarter valued at approximately $1,214,000. Finally, Stifel Financial Corp lifted its position in shares of Evoqua Water Technologies by 46.6% in the 4th quarter. Stifel Financial Corp now owns 42,317 shares of the company’s stock valued at $409,000 after acquiring an additional 13,459 shares in the last quarter.

Separately, Citigroup cut Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Monday, July 8th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $15.67.

About Evoqua Water Technologies

Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.

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Earnings History for Evoqua Water Technologies (NYSE:AQUA)

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