Consolidated Water (NASDAQ:CWCO) Posts Earnings Results

Consolidated Water (NASDAQ:CWCO – Get Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08), Zacks reports. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. The company had revenue of $30.92 million for the quarter, compared to analyst estimates of $32.10 million.

Consolidated Water Price Performance

Shares of NASDAQ CWCO opened at $27.65 on Tuesday. The company’s fifty day moving average price is $28.40 and its 200 day moving average price is $31.32. Consolidated Water has a 1 year low of $26.40 and a 1 year high of $39.12.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, October 1st. Consolidated Water’s payout ratio is currently 67.47%.

Insiders Place Their Bets

In other Consolidated Water news, Director Raymond Whittaker sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $28.93, for a total value of $28,930.00. Following the completion of the transaction, the director owned 2,038 shares in the company, valued at approximately $58,959.34. This represents a 32.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Consolidated Water from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Consolidated Water in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Consolidated Water currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Consolidated Water

Consolidated Water Company Profile

(Get Free Report)

Consolidated Water Co Ltd. (NASDAQ: CWCO) develops, operates and maintains seawater desalination plants and provides potable water through water utility and infrastructure services. The company’s activities include designing and constructing desalination facilities, producing and selling drinking water, and providing related engineering, procurement and construction services.

Founded in 1973 and headquartered in the Cayman Islands, Consolidated Water has historically served communities and commercial customers in the Caribbean, including the Cayman Islands and The Bahamas, as well as customers in the United States.

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Earnings History for Consolidated Water (NASDAQ:CWCO)

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