Global Water Resources, Inc. (NASDAQ:GWRS) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $11.00 for the company and are expecting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Global Water Resources an industry rank of 109 out of 265 based on the ratings given to its competitors.

A number of research firms have commented on GWRS. Zacks Investment Research raised Global Water Resources from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. Roth Capital set a $11.00 price target on Global Water Resources and gave the company a “buy” rating in a report on Wednesday, August 9th.

Shares of Global Water Resources (NASDAQ:GWRS) traded down 0.52% during trading on Friday, reaching $9.58. The company’s stock had a trading volume of 19,072 shares. Global Water Resources has a 12-month low of $7.56 and a 12-month high of $10.00. The company has a market cap of $187.83 million, a PE ratio of 116.83 and a beta of 0.25. The company has a 50 day moving average of $9.61 and a 200 day moving average of $9.41.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). The business had revenue of $8.15 million for the quarter, compared to the consensus estimate of $7.90 million. Global Water Resources had a net margin of 5.05% and a return on equity of 10.46%. On average, analysts anticipate that Global Water Resources will post $0.09 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a dividend of $0.023 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.28 dividend on an annualized basis and a yield of 2.88%. Global Water Resources’s dividend payout ratio is presently 350.04%.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Global Water Resources by 35.4% in the second quarter. Vanguard Group Inc. now owns 340,929 shares of the utilities provider’s stock worth $3,376,000 after purchasing an additional 89,201 shares during the last quarter. Bard Associates Inc. increased its holdings in shares of Global Water Resources by 1.0% in the second quarter. Bard Associates Inc. now owns 203,325 shares of the utilities provider’s stock worth $2,013,000 after purchasing an additional 2,000 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Global Water Resources by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 155,622 shares of the utilities provider’s stock worth $1,541,000 after purchasing an additional 9,281 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of Global Water Resources by 11.2% in the second quarter. North Star Investment Management Corp. now owns 104,275 shares of the utilities provider’s stock worth $1,032,000 after purchasing an additional 10,500 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Global Water Resources by 15.8% in the second quarter. State Street Corp now owns 100,674 shares of the utilities provider’s stock worth $997,000 after purchasing an additional 13,733 shares during the last quarter. 17.04% of the stock is currently owned by hedge funds and other institutional investors.

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Global Water Resources Company Profile

Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

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