Equities analysts expect that Connecticut Water Service, Inc. (NASDAQ:CTWS) will report earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Connecticut Water Service’s earnings. Connecticut Water Service reported earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The business is scheduled to announce its next earnings results on Monday, March 12th.

According to Zacks, analysts expect that Connecticut Water Service will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.20 to $2.22. For the next fiscal year, analysts forecast that the company will report earnings of $2.28 per share, with EPS estimates ranging from $2.20 to $2.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Connecticut Water Service.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Connecticut Water Service from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Wednesday, August 16th. BidaskClub downgraded Connecticut Water Service from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Barclays raised their price target on Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, September 22nd.

Institutional investors and hedge funds have recently bought and sold shares of the company. QS Investors LLC purchased a new stake in shares of Connecticut Water Service during the 2nd quarter worth about $111,000. SG Americas Securities LLC purchased a new stake in shares of Connecticut Water Service during the 2nd quarter worth about $140,000. Legal & General Group Plc raised its stake in shares of Connecticut Water Service by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 2,715 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 111 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Connecticut Water Service during the 3rd quarter worth about $207,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Connecticut Water Service during the 3rd quarter worth about $210,000. 46.05% of the stock is owned by institutional investors.

Shares of Connecticut Water Service (NASDAQ CTWS) traded down $0.14 during midday trading on Thursday, reaching $59.67. The company’s stock had a trading volume of 19,100 shares, compared to its average volume of 31,233. Connecticut Water Service has a 12-month low of $50.75 and a 12-month high of $65.04. The firm has a market cap of $721.80, a price-to-earnings ratio of 29.03, a PEG ratio of 4.51 and a beta of 0.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.18 and a quick ratio of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.298 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, November 30th. Connecticut Water Service’s dividend payout ratio (DPR) is presently 57.77%.

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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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