Connecticut Water Service, Inc. (CTWS) Set to Announce Earnings on Monday
Connecticut Water Service, Inc. (NASDAQ:CTWS) will post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Connecticut Water Service to post earnings of $0.93 per share for the quarter.
Connecticut Water Service (NASDAQ:CTWS) last posted its earnings results on Tuesday, August 8th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). Connecticut Water Service had a net margin of 21.37% and a return on equity of 9.21%. The firm had revenue of $29.50 million during the quarter. On average, analysts expect Connecticut Water Service to post $2.21 EPS for the current fiscal year and $2.28 EPS for the next fiscal year.
Connecticut Water Service, Inc. (NASDAQ:CTWS) opened at 62.24 on Monday. Connecticut Water Service, Inc. has a 1-year low of $49.23 and a 1-year high of $64.14. The firm has a market capitalization of $720.43 million, a price-to-earnings ratio of 31.09 and a beta of 0.11. The company has a 50-day moving average of $59.95 and a 200-day moving average of $56.60.
In other Connecticut Water Service news, VP Maureen P. Westbrook sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $55.94, for a total transaction of $83,910.00. Following the sale, the vice president now directly owns 37,179 shares of the company’s stock, valued at $2,079,793.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.52% of the company’s stock.
Several research firms have issued reports on CTWS. Zacks Investment Research raised shares of Connecticut Water Service from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, August 16th. BidaskClub lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Barclays PLC upped their price target on shares of Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd.
Connecticut Water Service Company Profile
Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).
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