Essential Utilities Inc (NYSE: WTRG) kicked off on Tuesday, down -0.17% from the previous trading day, before settling in for the closing price of $40.11. Over the past 52 weeks, WTRG has traded in a range of $33.57-$41.78.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Utilities sector company grew by 22.11% over the past five years. While this was happening, its average annual earnings per share was recorded 5.31%. With a float of $274.02 million, this company’s outstanding shares have now reached $274.61 million.
Let’s look at the performance matrix of the company that is accounted for 3258 employees. In terms of profitability, gross margin is 45.47%, operating margin of 35.95%, and the pretax margin is 26.63%.
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 0.22%, while institutional ownership is 77.74%. The most recent insider transaction that took place on Jul 01 ’24, was worth 87,661. In this transaction Chief Accounting Officer of this company sold 2,342 shares at a rate of $37.43, taking the stock ownership to the 53,391 shares. Before that another transaction happened on May 01 ’24, when Company’s Chief Accounting Officer sold 2,023 for $36.56, making the entire transaction worth $73,961. This insider now owns 13,358 shares in total.
Essential Utilities Inc (WTRG) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.5 earnings per share (EPS), lower than consensus estimate (set at 0.51) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to 11.58% 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 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.99, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 2.12 in one year’s time.
Technical Analysis of Essential Utilities Inc (WTRG)
Essential Utilities Inc (NYSE: WTRG) saw its 5-day average volume 1.77 million, a positive change from its year-to-date volume of 1.53 million. As of the previous 9 days, the stock’s Stochastic %D was 85.50%. Additionally, its Average True Range was 0.72.
During the past 100 days, Essential Utilities Inc’s (WTRG) raw stochastic average was set at 65.03%, which indicates a significant decrease from 86.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.10% in the past 14 days, which was lower than the 20.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.06, while its 200-day Moving Average is $38.02. Nevertheless, the first resistance level for the watch stands at $40.27 in the near term. At $40.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.85. If the price goes on to break the first support level at $39.69, it is likely to go to the next support level at $39.34. Assuming the price breaks the second support level, the third support level stands at $39.11.
Essential Utilities Inc (NYSE: WTRG) Key Stats
The company with the Market Capitalisation of 11.00 billion has total of 274,611K Shares Outstanding. Its annual sales at the moment are 2,054 M in contrast with the sum of 498,230 K annual income. Company’s last quarter sales were recorded 435,260 K and last quarter income was 69,400 K.
