Analysts Anticipate Consolidated Water Co. Ltd. (CWCO) to Post $0.18 EPS
Consolidated Water Co. Ltd. (NASDAQ:CWCO) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $15.00 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 104 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on CWCO shares. TheStreet upgraded 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 target price on shares of Consolidated Water and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be paid a $0.085 dividend. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, January 2nd. This represents a $0.34 annualized dividend and a dividend yield of 2.61%. Consolidated Water’s dividend payout ratio is presently 73.17%.
Several large investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in shares of Consolidated Water by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock worth $206,000 after buying an additional 660 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Consolidated Water by 1.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 64,610 shares of the utilities provider’s stock worth $802,000 after buying an additional 820 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Consolidated Water by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 29,865 shares of the utilities provider’s stock worth $371,000 after buying an additional 1,242 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Consolidated Water by 7.5% in the 1st quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock worth $208,000 after buying an additional 1,245 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Consolidated Water by 21.0% in the 2nd quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,452 shares during the last quarter. 48.89% of the stock is currently owned by institutional investors.
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About Consolidated Water
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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