Consolidated Water (CWCO) Announces Quarterly Earnings Results

Consolidated Water (NASDAQ:CWCO) issued its earnings results on Friday. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.15, Fidelity Earnings reports. The business had revenue of $18.82 million during the quarter, compared to analysts’ expectations of $15.25 million. Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%.

Consolidated Water stock traded up $0.28 during trading hours on Friday, hitting $12.54. The stock had a trading volume of 40,051 shares, compared to its average volume of 31,429. The stock has a market capitalization of $177.72 million, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75. Consolidated Water has a 12-month low of $11.20 and a 12-month high of $15.35.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st were issued a $0.085 dividend. The ex-dividend date was Friday, September 28th. This represents a $0.34 annualized dividend and a yield of 2.71%. Consolidated Water’s dividend payout ratio (DPR) is presently 69.39%.

In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of Consolidated Water stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $14.20, for a total value of $241,556.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.53% of the stock is currently owned by insiders.

Several research analysts have issued reports on CWCO shares. ValuEngine raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research raised shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, August 16th.

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About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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Earnings History for Consolidated Water (NASDAQ:CWCO)

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