Wall Street brokerages forecast that Connecticut Water Service, Inc. (NASDAQ:CTWS) will announce earnings of $0.68 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Connecticut Water Service’s earnings. Connecticut Water Service reported earnings per share of $0.89 during the same quarter last year, which suggests a negative year-over-year growth rate of 23.6%. The company is expected to report its next earnings results on Tuesday, August 8th.
On average, analysts expect that Connecticut Water Service will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.17 to $2.20. For the next year, analysts expect that the firm will post earnings of $2.35 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Connecticut Water Service.
Connecticut Water Service (NASDAQ:CTWS) last announced its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Connecticut Water Service had a net margin of 23.22% and a return on equity of 10.13%. The business had revenue of $24.21 million during the quarter.
Separately, Zacks Investment Research upgraded shares of Connecticut Water Service from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st.
A number of large investors have recently added to or reduced their stakes in CTWS. Bank of Montreal Can raised its stake in Connecticut Water Service by 137.5% in the first quarter. Bank of Montreal Can now owns 1,983 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,148 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Connecticut Water Service by 0.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,333 shares of the utilities provider’s stock worth $187,000 after buying an additional 13 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Connecticut Water Service during the fourth quarter worth about $204,000. GSB Wealth Management LLC bought a new stake in shares of Connecticut Water Service during the fourth quarter worth about $207,000. Finally, Teton Advisors Inc. bought a new stake in shares of Connecticut Water Service during the fourth quarter worth about $223,000. 45.84% of the stock is owned by institutional investors.
Shares of Connecticut Water Service (NASDAQ:CTWS) traded up 3.587% during trading on Thursday, reaching $60.101. 22,779 shares of the company’s stock traded hands. Connecticut Water Service has a 52-week low of $45.13 and a 52-week high of $60.36. The company has a market cap of $695.01 million, a price-to-earnings ratio of 27.863 and a beta of 0.11. The company’s 50-day moving average is $53.93 and its 200 day moving average is $54.38.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 2.05%. This is a positive change from Connecticut Water Service’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, May 30th. Connecticut Water Service’s dividend payout ratio is currently 55.09%.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/06/20/0-68-eps-expected-for-connecticut-water-service-inc-ctws-this-quarter-updated.html.
Connecticut Water Service Company Profile
Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS) and Chester Realty Company (Chester Realty).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Connecticut Water Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connecticut Water Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.