Media coverage about Global Water Resources (NASDAQ:GWRS) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Global Water Resources earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 48.1658217953419 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern’s scoring:
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Global Water Resources (GWRS) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com) Global Water Resources (GWRS) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com) Global Water Resources (GWRS) Given $11.00 Consensus Target Price by Brokerages (americanbankingnews.com) Global Water Resources (GWRS) Posts Quarterly Earnings Results, Hits Estimates (americanbankingnews.com) Global Water Resources (GWRS) Upgraded to C- by TheStreet (americanbankingnews.com)
A number of research firms have recently issued reports on GWRS. Zacks Investment Research upgraded Global Water Resources from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday. TheStreet upgraded Global Water Resources from a “d” rating to a “c-” rating in a research note on Wednesday, May 9th.
Shares of GWRS stock traded down $0.01 during trading hours on Friday, reaching $9.16. The company had a trading volume of 21 shares, compared to its average volume of 17,303. The company has a debt-to-equity ratio of 8.24, a quick ratio of 1.08 and a current ratio of 1.04. Global Water Resources has a twelve month low of $9.04 and a twelve month high of $9.04. The firm has a market cap of $179.82 million, a P/E ratio of 76.33, a price-to-earnings-growth ratio of 3.59 and a beta of -0.02.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Friday, March 9th. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Global Water Resources had a return on equity of 16.96% and a net margin of 14.70%. The firm had revenue of $7.80 million during the quarter, compared to analyst estimates of $7.50 million. equities research analysts predict that Global Water Resources will post 0.17 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.0236 per share. The ex-dividend date of this dividend is Tuesday, May 15th. This represents a $0.28 dividend on an annualized basis and a yield of 3.10%. Global Water Resources’s dividend payout ratio (DPR) is presently 233.33%.
In other Global Water Resources news, Director Trevor T. Hill sold 5,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $9.07, for a total transaction of $48,071.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trevor T. Hill sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $9.16, for a total value of $29,312.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,400 shares of company stock valued at $148,010. 50.00% of the stock is owned by insiders.
Global Water Resources Company Profile
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.