Essential Utilities (WTRG) to Release Quarterly Earnings on Wednesday

Essential Utilities (NYSE:WTRG) is anticipated to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Essential Utilities to post earnings of $0.66 per share and revenue of $698.77 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Essential Utilities Stock Performance

NYSE WTRG opened at $37.04 on Tuesday. The business’s 50-day simple moving average is $35.51 and its 200-day simple moving average is $37.87. The firm has a market capitalization of $10.17 billion, a P/E ratio of 18.52, a P/E/G ratio of 2.57 and a beta of 0.86. Essential Utilities has a 1-year low of $33.18 and a 1-year high of $41.78. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.55 and a quick ratio of 0.39.

Essential Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.3255 per share. The ex-dividend date is Tuesday, May 13th. This represents a $1.30 annualized dividend and a yield of 3.51%. Essential Utilities’s dividend payout ratio is currently 65.00%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WTRG shares. Wells Fargo & Company cut shares of Essential Utilities from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $43.00 to $39.00 in a research report on Tuesday, January 7th. Jefferies Financial Group upgraded Essential Utilities from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, January 28th. Robert W. Baird boosted their price target on Essential Utilities from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, UBS Group lowered their price objective on shares of Essential Utilities from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Essential Utilities Company Profile

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.