Essential Utilities Inc. (NYSE: WTRG) kicked off on August 04, 2022, at the price of $52.25, down -0.73% from the previous trading day. During the day, the shares moved up to $52.25 and dropped to $51.35 before settling in for the closing price of $51.94. Over the past 52 weeks, WTRG has traded in a range of $40.97-$53.93.
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A company in the Utilities sector has jumped its sales by 18.00% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 53.70%. With a float of $261.66 million, this company’s outstanding shares have now reached $261.95 million.
In an organization with 3211 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +36.70, operating margin of +32.09, and the pretax margin is +22.47.
Essential Utilities Inc. (WTRG) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Water Industry. The insider ownership of Essential Utilities Inc. is 0.20%, while institutional ownership is 72.30%. The most recent insider transaction that took place on Dec 08, was worth 99,654. In this transaction Chief Accounting Officer of this company sold 1,954 shares at a rate of $51.00, taking the stock ownership to the 69,871 shares. Before that another transaction happened on Aug 30, when Company’s Executive Vice President sold 2,000 for $50.00, making the entire transaction worth $100,000. This insider now owns 41,684 shares in total.
Essential Utilities Inc. (WTRG) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported $0.76 earnings per share (EPS), higher than consensus estimate (set at $0.74) by $0.02. This company achieved a net margin of +22.98 while generating a return on equity of 8.75. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 53.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.80% during the next five years compared to 4.30% growth over the previous five years of trading.
Essential Utilities Inc. (NYSE: WTRG) Trading Performance Indicators
Take a look at Essential Utilities Inc.’s (WTRG) current performance indicators. Last quarter, stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.67, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.92 in one year’s time.
Technical Analysis of Essential Utilities Inc. (WTRG)
Let’s dig in a bit further. During the last 5-days, its volume was 1.11 million. That was inferior than the volume of 1.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.74%. Additionally, its Average True Range was 0.94.
During the past 100 days, Essential Utilities Inc.’s (WTRG) raw stochastic average was set at 90.90%, which indicates a significant increase from 87.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.16% in the past 14 days, which was lower than the 27.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.76, while its 200-day Moving Average is $47.91. However, in the short run, Essential Utilities Inc.’s stock first resistance to watch stands at $52.09. Second resistance stands at $52.62. The third major resistance level sits at $52.99. If the price goes on to break the first support level at $51.19, it is likely to go to the next support level at $50.82. Assuming the price breaks the second support level, the third support level stands at $50.29.
Essential Utilities Inc. (NYSE: WTRG) Key Stats
The company with the Market Capitalisation of 13.04 billion has total of 253,716K Shares Outstanding. Its annual sales at the moment are 1,878 M in contrast with the sum of 431,610 K annual income. Company’s last quarter sales were recorded 699,280 K and last quarter income was 199,380 K.