Shares of Global Water Resources Inc (NASDAQ:GWRS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $11.00 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Global Water Resources an industry rank of 193 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Global Water Resources from a “buy” rating to a “hold” rating in a report on Thursday, December 28th.
Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers bought a new stake in Global Water Resources during the second quarter valued at about $101,000. New York State Common Retirement Fund grew its holdings in Global Water Resources by 857.5% during the second quarter. New York State Common Retirement Fund now owns 11,500 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 10,299 shares during the period. California State Teachers Retirement System grew its holdings in Global Water Resources by 6.5% during the second quarter. California State Teachers Retirement System now owns 17,958 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,100 shares during the period. Teachers Advisors LLC grew its holdings in Global Water Resources by 108.4% during the second quarter. Teachers Advisors LLC now owns 18,268 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 9,504 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in Global Water Resources during the third quarter valued at about $197,000. 16.47% of the stock is owned by institutional investors and hedge funds.
Shares of Global Water Resources (GWRS) traded down $0.24 on Monday, hitting $8.88. The company had a trading volume of 11,988 shares, compared to its average volume of 28,931. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.55. Global Water Resources has a one year low of $8.00 and a one year high of $10.00. The company has a market capitalization of $179.04, a price-to-earnings ratio of 111.01, a P/E/G ratio of 5.07 and a beta of -0.31.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Global Water Resources had a return on equity of 11.33% and a net margin of 5.19%. research analysts anticipate that Global Water Resources will post 0.09 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.0236 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, February 13th. Global Water Resources’s payout ratio is currently 350.04%.
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About Global Water Resources
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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