Equities research analysts expect Consolidated Water Co. Ltd. (NASDAQ:CWCO) to post earnings per share of $0.16 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Consolidated Water’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Consolidated Water also posted earnings per share of $0.16 in the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Consolidated Water will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.64. For the next year, analysts expect that the company will post earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Monday, August 12th. The utilities provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $18.31 million for the quarter, compared to analyst estimates of $16.80 million. Consolidated Water had a net margin of 21.95% and a return on equity of 6.05%.
CWCO has been the topic of several analyst reports. ValuEngine lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Janney Montgomery Scott reiterated a “buy” rating on shares of Consolidated Water in a research report on Tuesday, August 13th.
CWCO stock traded down $0.01 during midday trading on Friday, hitting $16.22. 41,336 shares of the stock traded hands, compared to its average volume of 82,607. The firm has a market cap of $243.90 million, a P/E ratio of 23.85, a PEG ratio of 3.19 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.83 and a quick ratio of 12.15. The stock’s fifty day simple moving average is $15.65 and its 200-day simple moving average is $14.19. Consolidated Water has a 1-year low of $10.76 and a 1-year high of $17.61.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be given a $0.085 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.34 annualized dividend and a dividend yield of 2.10%. Consolidated Water’s dividend payout ratio (DPR) is 50.00%.
In other news, Director Clarence B. Flowers sold 14,480 shares of Consolidated Water stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $14.70, for a total value of $212,856.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.79% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. grew its position in shares of Consolidated Water by 333.4% in the third quarter. Meeder Asset Management Inc. now owns 4,568 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 3,514 shares during the period. Advisory Services Network LLC lifted its stake in shares of Consolidated Water by 114.2% in the second quarter. Advisory Services Network LLC now owns 5,196 shares of the utilities provider’s stock worth $74,000 after buying an additional 2,770 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Consolidated Water by 15.9% in the second quarter. HighTower Advisors LLC now owns 18,222 shares of the utilities provider’s stock worth $260,000 after buying an additional 2,500 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Consolidated Water by 47.0% in the second quarter. Parametric Portfolio Associates LLC now owns 20,295 shares of the utilities provider’s stock worth $289,000 after buying an additional 6,492 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Consolidated Water by 416.9% in the first quarter. Marshall Wace LLP now owns 28,979 shares of the utilities provider’s stock worth $373,000 after buying an additional 23,373 shares in the last quarter. Institutional investors and hedge funds own 53.95% of the company’s stock.
Consolidated Water Company Profile
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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