Zacks: Brokerages Expect Consolidated Water Co. Ltd. (NASDAQ:CWCO) to Announce $0.16 EPS
Equities research analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Consolidated Water Co.’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.15. Consolidated Water Co. reported earnings of $0.15 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The business is expected to announce its next earnings results after the market closes on Wednesday, August 9th.
According to Zacks, analysts expect that Consolidated Water Co. will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.66 to $0.68. For the next financial year, analysts expect that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.70 to $0.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Consolidated Water Co..
Separately, TheStreet raised Consolidated Water Co. from a “c+” rating to a “b-” rating in a research note on Monday, April 24th.
Consolidated Water Co. (NASDAQ:CWCO) traded down 0.350% during trading on Wednesday, hitting $12.805. 7,590 shares of the stock were exchanged. Consolidated Water Co. has a one year low of $9.80 and a one year high of $13.93. The company has a market cap of $190.65 million, a price-to-earnings ratio of 41.984 and a beta of 0.87. The stock’s 50 day moving average is $12.49 and its 200-day moving average is $11.37.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.30 annualized dividend and a yield of 2.33%. Consolidated Water Co.’s dividend payout ratio (DPR) is presently 96.77%.
Large investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in shares of Consolidated Water Co. by 7.1% in the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after buying an additional 593 shares in the last quarter. Brandes Investment Partners LP bought a new stake in Consolidated Water Co. during the first quarter valued at $124,000. Campbell & CO Investment Adviser LLC bought a new stake in Consolidated Water Co. during the first quarter valued at $144,000. Goldman Sachs Group Inc. bought a new stake in Consolidated Water Co. during the first quarter valued at $196,000. Finally, Bank of America Corp DE raised its stake in Consolidated Water Co. by 7.5% in the first quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock valued at $208,000 after buying an additional 1,245 shares during the period. Institutional investors and hedge funds own 50.80% of the company’s stock.
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About Consolidated Water Co.
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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