On Tuesday, Essential Utilities Inc (NYSE: WTRG) was -1.29% drop from the session before settling in for the closing price of $40.19. A 52-week range for WTRG has been $33.57 – $41.78.
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Utilities Sector giant saw their annual sales surged by 22.11% over the last five years. When this article was written, the company’s average yearly earnings per share was at 5.31%. With a float of $274.02 million, this company’s outstanding shares have now reached $274.61 million.
The firm has a total of 3258 workers. Let’s measure their productivity. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Essential Utilities Inc stocks. The insider ownership of Essential Utilities Inc is 0.22%, while institutional ownership is 77.81%. 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) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.5 earnings per share (EPS) during the time that was less than consensus figure (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
You can see what Essential Utilities Inc (WTRG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.55.
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)
Analysing the last 5-days average volume posted by the [Essential Utilities Inc, WTRG], we can find that recorded value of 1.15 million was lower than the volume posted last year of 1.52 million. As of the previous 9 days, the stock’s Stochastic %D was 65.91%. Additionally, its Average True Range was 0.69.
During the past 100 days, Essential Utilities Inc’s (WTRG) raw stochastic average was set at 50.06%, which indicates a significant decrease from 61.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.00% in the past 14 days, which was lower than the 18.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.20, while its 200-day Moving Average is $38.11. Now, the first resistance to watch is $40.21. This is followed by the second major resistance level at $40.75. The third major resistance level sits at $41.03. If the price goes on to break the first support level at $39.39, it is likely to go to the next support level at $39.11. Should the price break the second support level, the third support level stands at $38.57.
Essential Utilities Inc (NYSE: WTRG) Key Stats
There are 274,611K outstanding shares of the company, which has a market capitalization of 10.89 billion. As of now, sales total 2,054 M while income totals 498,230 K. Its latest quarter income was 435,260 K while its last quarter net income were 69,400 K.
