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.
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%.
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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