Analysts forecast that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will post sales of $17.10 million for the current quarter, according to Zacks. Two analysts have issued estimates for Consolidated Water’s earnings, with the lowest sales estimate coming in at $16.20 million and the highest estimate coming in at $18.00 million. The company is scheduled to report its next quarterly earnings results on Monday, March 16th.
On average, analysts expect that Consolidated Water will report full-year sales of $68.20 million for the current year, with estimates ranging from $67.40 million to $69.00 million. For the next fiscal year, analysts expect that the business will post sales of $67.60 million, with estimates ranging from $66.20 million to $69.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings results on Tuesday, November 12th. The utilities provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The firm had revenue of $15.89 million during the quarter, compared to analyst estimates of $17.95 million. Consolidated Water had a return on equity of 5.66% and a net margin of 18.56%.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. ValuEngine lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.
In other Consolidated Water news, Director Raymond Whittaker sold 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $16.52, for a total transaction of $165,200.00. Following the completion of the sale, the director now owns 16,065 shares in the company, valued at approximately $265,393.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.79% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in CWCO. Meeder Asset Management Inc. raised its stake in Consolidated Water by 333.4% during the 3rd 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. Diversified Trust Co purchased a new stake in Consolidated Water during the fourth quarter valued at about $175,000. Russell Investments Group Ltd. grew its position in Consolidated Water by 1,173.3% during the third 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 purchased a new stake in Consolidated Water during the third quarter valued at about $251,000. Finally, HighTower Advisors LLC grew its position in Consolidated Water by 15.9% during the second 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. Institutional investors and hedge funds own 54.40% of the company’s stock.
NASDAQ CWCO traded up $0.32 on Monday, hitting $16.48. 1,000 shares of the stock traded hands, compared to its average volume of 55,910. The company has a current ratio of 13.45, a quick ratio of 12.89 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $16.39 and a 200 day moving average of $15.62. Consolidated Water has a twelve month low of $12.09 and a twelve month high of $17.87. The company has a market capitalization of $244.84 million, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.95 and a beta of 0.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.085 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.34 annualized dividend and a dividend yield of 2.06%. Consolidated Water’s dividend payout ratio (DPR) is presently 50.00%.
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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