Essential Utilities Inc (NYSE: WTRG) has reported E.P.S. of $0.28 for its second fiscal quarter (ending June 30) versus $0.35 for the same period a year ago — a decline of -20%. Relative to the consensus estimate of $0.33, this was a shortfall of $-0.05. For the latest four quarters through June 30, E.P.S. were $2.05 compared to $1.77 a year ago — an increase of 16%.
Recent Price Action
Essential Utilities Inc (NYSE: WTRG) stock closed at $40.56 on 8/5/24 after a decline of -2.2%. Moreover, trading volume in this decline was unusually high at 165% of normal. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WTRG is expected to continue to be a Value Builder.
Essential Utilities has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Essential Utilities has a neutral Power Rating of 53 and a neutral Appreciation Score of 58, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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