$0.18 EPS Expected for Consolidated Water Co. Ltd. (CWCO) This Quarter
Wall Street analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will post $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Consolidated Water’s earnings, with estimates ranging from $0.15 to $0.20. Consolidated Water posted earnings per share of $0.11 during the same quarter last year, which indicates a positive year over year growth rate of 63.6%. The business is expected to report its next earnings results on Thursday, March 15th.
On average, analysts expect that Consolidated Water will report full year earnings of $0.56 per share for the current financial year. For the next financial 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 a mean average based on a survey of sell-side research analysts that cover Consolidated Water.
Several research analysts have weighed in on the stock. TheStreet raised shares of Consolidated Water from a “c+” rating to a “b-” rating in a research note on Friday, November 24th. Roth Capital set a $15.00 price target on shares of Consolidated Water and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research cut shares of Consolidated Water from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is a boost from Consolidated Water’s previous quarterly dividend of $0.08. Consolidated Water’s dividend payout ratio is currently 73.17%.
Several institutional investors and hedge funds have recently modified their holdings of CWCO. American International Group Inc. lifted its position in shares of Consolidated Water by 7.1% during the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 593 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Consolidated Water by 7.5% during the first quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock worth $208,000 after purchasing an additional 1,245 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Consolidated Water during the first quarter worth about $196,000. Russell Investments Group Ltd. lifted its position in shares of Consolidated Water by 51.7% during the second quarter. Russell Investments Group Ltd. now owns 71,163 shares of the utilities provider’s stock worth $882,000 after purchasing an additional 24,256 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Consolidated Water by 6.1% during the second quarter. Strs Ohio now owns 45,400 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 2,600 shares in the last quarter. 48.89% of the stock is currently owned by institutional investors and hedge funds.
Consolidated Water Company Profile
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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