Brokerages Expect Consolidated Water Co. Ltd. (CWCO) to Announce $0.18 Earnings Per Share

Consolidated Water Co. Ltd. (NASDAQ:CWCO) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective of $15.00 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Consolidated Water an industry rank of 207 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on the stock. TheStreet downgraded shares of Consolidated Water from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Roth Capital set a $15.00 target price on shares of Consolidated Water and gave the company a “buy” rating in a research note on Monday, November 13th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in Consolidated Water by 21.0% in the second quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,452 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Consolidated Water in the second quarter worth $135,000. Essex Financial Services Inc. lifted its position in shares of Consolidated Water by 186.7% in the third quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock worth $181,000 after purchasing an additional 9,221 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Consolidated Water by 4.1% in the second quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 660 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Consolidated Water by 4.3% in the second quarter. Vanguard Group Inc. now owns 29,865 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 1,242 shares in the last quarter. Hedge funds and other institutional investors own 48.89% of the company’s stock.

Consolidated Water (NASDAQ CWCO) opened at $12.80 on Thursday. The company has a market cap of $191.86, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. Consolidated Water has a 1 year low of $10.00 and a 1 year high of $13.95.

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 is a boost 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 2.66%. Consolidated Water’s payout ratio is currently 85.00%.

ILLEGAL ACTIVITY WARNING: “Brokerages Expect Consolidated Water Co. Ltd. (CWCO) to Announce $0.18 Earnings Per Share” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/11/brokerages-expect-consolidated-water-co-ltd-cwco-to-announce-0-18-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Consolidated Water (CWCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Consolidated Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Water and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply