Essential Utilities (NYSE:WTRG) Updates FY 2025 Earnings Guidance

Essential Utilities (NYSE:WTRG) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.070-2.110 for the period, compared to the consensus earnings per share estimate of 2.120. The company issued revenue guidance of -.

Essential Utilities Stock Up 0.2 %

WTRG stock traded up $0.07 during midday trading on Friday, hitting $37.64. The company’s stock had a trading volume of 605,453 shares, compared to its average volume of 1,480,319. Essential Utilities has a 12 month low of $33.18 and a 12 month high of $41.78. The firm’s 50-day moving average is $35.57 and its 200-day moving average is $37.86. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.17. The company has a market cap of $10.33 billion, a PE ratio of 18.82, a P/E/G ratio of 2.57 and a beta of 0.87.

Essential Utilities (NYSE:WTRG) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $604.38 million for the quarter, compared to the consensus estimate of $698.77 million. Essential Utilities had a return on equity of 7.89% and a net margin of 27.84%. On average, equities research analysts forecast that Essential Utilities will post 1.99 earnings per share for the current fiscal year.

Essential Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a $0.3255 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, May 13th. Essential Utilities’s payout ratio is 65.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WTRG shares. Wells Fargo & Company boosted their price objective on Essential Utilities from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Essential Utilities from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Jefferies Financial Group raised shares of Essential Utilities from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, January 28th. Finally, UBS Group decreased their price objective on shares of Essential Utilities from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Essential Utilities presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.