Wall Street analysts forecast that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will report $0.16 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Consolidated Water’s earnings. Consolidated Water reported earnings per share of $0.15 in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that Consolidated Water will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.65. For the next fiscal year, analysts expect that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.69 to $0.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Consolidated Water.
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Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Friday, May 11th. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Consolidated Water had a net margin of 9.05% and a return on equity of 5.47%. The firm had revenue of $15.34 million for the quarter, compared to analysts’ expectations of $17.30 million.
A number of analysts have commented on the stock. ValuEngine raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Investment Research raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Roth Capital set a $17.00 price objective on shares of Consolidated Water and gave the company a “buy” rating in a research note on Friday, March 23rd.
CWCO stock traded down $0.85 during mid-day trading on Monday, reaching $13.05. 39,800 shares of the stock traded hands, compared to its average volume of 46,630. Consolidated Water has a 52-week low of $13.40 and a 52-week high of $13.75. The firm has a market capitalization of $207.93 million, a PE ratio of 26.63, a P/E/G ratio of 3.15 and a beta of 0.62.
The business also recently declared a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Monday, April 2nd were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, March 29th. Consolidated Water’s dividend payout ratio (DPR) is 69.39%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Uniplan Investment Counsel Inc. lifted its position in shares of Consolidated Water by 1.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 405,048 shares of the utilities provider’s stock worth $5,893,000 after purchasing an additional 5,310 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Consolidated Water in the first quarter worth approximately $228,000. Sei Investments Co. lifted its position in shares of Consolidated Water by 35.4% in the first quarter. Sei Investments Co. now owns 17,450 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 4,558 shares in the last quarter. BlackRock Inc. lifted its position in shares of Consolidated Water by 7.8% in the first quarter. BlackRock Inc. now owns 730,665 shares of the utilities provider’s stock worth $10,631,000 after purchasing an additional 53,169 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Consolidated Water by 14.6% in the first quarter. KBC Group NV now owns 85,125 shares of the utilities provider’s stock worth $1,239,000 after purchasing an additional 10,841 shares in the last quarter. 51.68% of the stock is owned by institutional investors and hedge funds.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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