Earnings and Growth Analysis : Essential Utilities (NYSE:WTRG)

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Earnings results for Essential Utilities (NYSE:WTRG)

Essential Utilities, Inc. is expected* to report earnings on 11/03/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.26. The reported EPS for the same quarter last year was $0.48.

Essential Utilities last posted its quarterly earnings data on August 5th, 2020. The reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $384.47 million for the quarter, compared to the consensus estimate of $352 million. Essential Utilities has generated $1.47 earnings per share over the last year and currently has a price-to-earnings ratio of 36.4.

Analyst Opinion on Essential Utilities (NYSE:WTRG)

There is no enough data Analyst Ratings

There is not enough analysis data for Essential Utilities.

Dividend Strength: Essential Utilities (NYSE:WTRG)

Essential Utilities pays a meaningful dividend of 2.43%, higher than the bottom 25% of all stocks that pay dividends. Essential Utilities has only been increasing its dividend for 1 years. The dividend payout ratio of Essential Utilities is 68.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Essential Utilities will have a dividend payout ratio of 60.24% next year. This indicates that Essential Utilities will be able to sustain or increase its dividend.

Insiders buying/selling: Essential Utilities (NYSE:WTRG)

In the past three months, Essential Utilities insiders have not sold or bought any company stock. Only 0.19% of the stock of Essential Utilities is held by insiders. 65.66% of the stock of Essential Utilities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Essential Utilities (NYSE:WTRG

Earnings for Essential Utilities are expected to grow by 5.73% in the coming year, from $1.57 to $1.66 per share. The P/E ratio of Essential Utilities is 36.37, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.88. The P/E ratio of Essential Utilities is 36.37, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 20.98. Essential Utilities has a PEG Ratio of 4.41. PEG Ratios above 1 indicate that a company could be overvalued. Essential Utilities has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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