As of close of business last night, Essential Utilities Inc’s stock clocked out at $34.79, up 1.78% from its previous closing price of $34.18. In other words, the price has increased by $+0.61 from its previous closing price. On the day, 1268629 shares were traded. WTRG stock price reached its highest trading level at $34.83 during the session, while it also had its lowest trading level at $34.19.
Ratios:
To gain a deeper understanding of WTRG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.16.
On September 28, 2023, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $42.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 14 when Arnold Colleen sold 1,244 shares for $41.84 per share. The transaction valued at 52,049 led to the insider holds 7,796 shares of the business.
Franklin Chris bought 37,245 shares of WTRG for $1,515,872 on Mar 08. The Chief Executive Officer now owns 37,245 shares after completing the transaction at $40.70 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WTRG now has a Market Capitalization of 9.51B and an Enterprise Value of 16.34B. As of this moment, Essential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.68, and their Forward P/E ratio for the next fiscal year is 16.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.63 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 7.96 whereas that against EBITDA is 15.43.
Stock Price History:
Over the past 52 weeks, WTRG has reached a high of $45.42, while it has fallen to a 52-week low of $32.07. The 50-Day Moving Average of the stock is 36.67, while the 200-Day Moving Average is calculated to be 37.51.
Shares Statistics:
It appears that WTRG traded 1.77M shares on average per day over the past three months and 1.7M shares per day over the past ten days. A total of 273.30M shares are outstanding, with a floating share count of 272.62M. Insiders hold about 0.25% of the company’s shares, while institutions hold 76.93% stake in the company. Shares short for WTRG as of Jan 31, 2024 were 5.76M with a Short Ratio of 3.26, compared to 5.42M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.11% and a Short% of Float of 2.66%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.19, WTRG has a forward annual dividend rate of 1.21. Against a Trailing Annual Dividend Yield of 3.48%, it implies a Forward Annual Dividend Yield of 3.53%. The stock’s 5-year Average Dividend Yield is 2.35. The current Payout Ratio is 63.88% for WTRG, which recently paid a dividend on Jun 01, 2024 with an ex-dividend date of May 09, 2024. Stock splits for the company last occurred on Sep 03, 2013 when the company split stock in a 5:4 ratio.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.73 for the current quarter, with a high estimate of $0.79 and a low estimate of $0.67, while EPS last year was $0.72. The consensus estimate for the next quarter is $0.36, with high estimates of $0.43 and low estimates of $0.32.
Analysts are recommending an EPS of between $2.2 and $1.97 for the fiscal current year, implying an average EPS of $2.01. EPS for the following year is $2.13, with 9 analysts recommending between $2.19 and $2.08.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $750.08M. It ranges from a high estimate of $757M to a low estimate of $745M. As of the current estimate, Essential Utilities Inc’s year-ago sales were $726.45M, an estimated increase of 3.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $458.23M, an increase of 4.90% over than the figure of $3.30% in the same quarter last year. There is a high estimate of $462.9M for the next quarter, whereas the lowest estimate is $450M.
A total of 7 analysts have provided revenue estimates for WTRG’s current fiscal year. The highest revenue estimate was $2.52B, while the lowest revenue estimate was $2.14B, resulting in an average revenue estimate of $2.38B. In the same quarter a year ago, actual revenue was $2.05B, up 15.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $2.53B in the next fiscal year. The high estimate is $2.7B and the low estimate is $2.27B. The average revenue growth estimate for next year is up 6.50% from the average revenue estimate for this year.
