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Evoqua Water Technologies Corp. (AQUA) provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services.
It operates in three segments: Industrial, Municipal, and Products.
The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater. It serves customers in the hydrocarbon refineries, chemical processing, power, food and beverage, life sciences, health services, and microelectronics industries.
The Municipal segment offers engineered solutions and equipment, including ultrafiltration systems, advanced biological treatment, clarifiers, aerators, and odor and corrosion control services; equipment for new municipal plant builds and retrofit; and rehabilitation and aftermarket parts and services for installed bases. Its customers comprise waste water and drinking water collection and distribution systems, and utility operators.
The Products segment provides filtration and disinfection, electrodeionization and electrochlorination, and separation technologies, as well as anodes. It serves original equipment manufacturers, distributors, and end users in hotels, resorts, colleges, universities, waterparks, aquariums, and zoos, as well as the municipal, industrial, and commercial industries.
The company has operations in the United States, Canada, the United Kingdom, the Netherlands, Germany, Australia, China, and Singapore. On August 6th, Evoqua Water Technologies (AQUA) reported 3rd Quarter June 2019 earnings of $0.06 per share on revenue of $360.3 million. The consensus earnings estimate was $0.13 per share. Revenue grew 5.2% on a year-over-year basis.
The company said it continues to expect fiscal 2019 revenue of $1.38 billion to $1.44 billion. The current consensus estimate is revenue of $1.42 billion for the year ending September 30, 2019.
Higher share prices are expected for this stock.
Entry Point: $17.25
Stop Loss: $16.30
Trading Range: $7.92 - $17.61
Target Price: $18.98
AQUA closed at $18.10
