NYSE:WTRGWater Utilities
Essential Utilities (WTRG) Stock Faces Margin Squeeze Despite Steady Growth
Essential Utilities came into this earnings print with a stock that has barely moved, up just 0.08% to US$39.59, even after the numbers hit. For a regulated utility often treated as a steady compounder, that flat reaction sits against a quarter where net income of US$105.7 million on US$530.9 million of revenue kept the earnings engine humming.
The focus is not the quarterly noise. More notable is that trailing net profit margin now sits at 21.6% while the stock trades on roughly 20.2x...