Analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce earnings per share (EPS) of $0.15 for the current quarter, Zacks reports. Two analysts have made estimates for Consolidated Water’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. The firm is scheduled to announce its next quarterly earnings results on Monday, March 16th.
According to Zacks, analysts expect that Consolidated Water will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.60. For the next year, analysts forecast that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.67 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Tuesday, November 12th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Consolidated Water had a net margin of 18.56% and a return on equity of 5.66%. The firm had revenue of $15.89 million for the quarter, compared to analyst estimates of $17.95 million.
CWCO has been the subject of several analyst reports. BidaskClub upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. ValuEngine cut Consolidated Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Shares of NASDAQ:CWCO traded up $0.32 during trading hours on Friday, hitting $16.48. The stock had a trading volume of 1,000 shares, compared to its average volume of 55,910. The stock’s fifty day simple moving average is $16.39 and its 200 day simple moving average is $15.62. The firm has a market capitalization of $244.84 million, a price-to-earnings ratio of 24.25, a PEG ratio of 2.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 12.89 and a current ratio of 13.45. Consolidated Water has a 1-year low of $12.09 and a 1-year high of $17.87.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Consolidated Water’s dividend payout ratio is currently 50.00%.
In related news, Director Raymond Whittaker sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $16.52, for a total value of $165,200.00. Following the sale, the director now directly owns 16,065 shares in the company, valued at approximately $265,393.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.79% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CWCO. Meeder Asset Management Inc. increased its position in Consolidated Water by 333.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,568 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 3,514 shares during the period. Diversified Trust Co acquired a new stake in Consolidated Water in the 4th quarter valued at approximately $175,000. Russell Investments Group Ltd. increased its position in Consolidated Water by 1,173.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,733 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 11,733 shares during the period. Squarepoint Ops LLC acquired a new stake in Consolidated Water in the 3rd quarter valued at approximately $251,000. Finally, HighTower Advisors LLC increased its position in Consolidated Water by 15.9% in the 2nd quarter. HighTower Advisors LLC now owns 18,222 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 54.40% 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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