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Essential Utilities (WTRG) Expected to Announce Quarterly Earnings on Thursday

Essential Utilities logo with Utilities background

Essential Utilities (NYSE:WTRG - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect Essential Utilities to post earnings of $0.27 per share and revenue of $462.70 million for the quarter. Essential Utilities has set its FY 2025 guidance at 2.070-2.110 EPS.

Essential Utilities (NYSE:WTRG - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.23. The company had revenue of $783.63 million during the quarter, compared to the consensus estimate of $713.80 million. Essential Utilities had a return on equity of 9.81% and a net margin of 27.17%. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. 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 Down 1.4%

WTRG traded down $0.53 during trading on Thursday, reaching $37.17. The stock had a trading volume of 1,708,359 shares, compared to its average volume of 1,687,168. The stock's 50 day moving average is $37.78 and its two-hundred day moving average is $37.79. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 3.47 and a beta of 0.79. Essential Utilities has a one year low of $33.18 and a one year high of $41.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Focus Partners Wealth raised its stake in Essential Utilities by 4.9% during the 1st quarter. Focus Partners Wealth now owns 22,322 shares of the company's stock valued at $882,000 after purchasing an additional 1,044 shares during the period. Goldman Sachs Group Inc. raised its stake in Essential Utilities by 122.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 943,797 shares of the company's stock valued at $37,308,000 after purchasing an additional 519,933 shares during the period. NewEdge Advisors LLC raised its stake in Essential Utilities by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 29,674 shares of the company's stock valued at $1,173,000 after purchasing an additional 530 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Essential Utilities by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,861 shares of the company's stock worth $508,000 after acquiring an additional 928 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in Essential Utilities in the 4th quarter worth approximately $638,000. 74.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Essential Utilities from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Robert W. Baird reduced their price target on Essential Utilities from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.50.

Get Our Latest Analysis on WTRG

About Essential Utilities

(Get Free Report)

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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Earnings History for Essential Utilities (NYSE:WTRG)

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