Consolidated Water Co. Ltd. (NASDAQ:CWCO) has been assigned 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 equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price target of $16.50 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 55 out of 257 based on the ratings given to its competitors.
A number of research firms have commented on CWCO. ValuEngine cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a research report on Monday, August 27th.
NASDAQ:CWCO opened at $12.38 on Friday. Consolidated Water has a 1-year low of $11.70 and a 1-year high of $15.35. The firm has a market capitalization of $190.79 million, a P/E ratio of 25.27, a PEG ratio of 2.23 and a beta of 0.75.
Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Friday, November 9th. The utilities provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.15. Consolidated Water had a net margin of 16.30% and a return on equity of 5.80%. The firm had revenue of $18.82 million during the quarter, compared to analysts’ expectations of $15.25 million. On average, research analysts anticipate that Consolidated Water will post 0.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.34 dividend on an annualized basis and a yield of 2.75%. Consolidated Water’s dividend payout ratio (DPR) is 69.39%.
In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of Consolidated Water stock in a transaction on Friday, September 7th. The shares were sold at an average price of $14.20, for a total transaction of $241,556.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.53% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of Consolidated Water by 191.9% in the second quarter. Acadian Asset Management LLC now owns 16,099 shares of the utilities provider’s stock valued at $208,000 after acquiring an additional 10,584 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Consolidated Water by 1,285.0% in the third quarter. Rehmann Capital Advisory Group now owns 6,828 shares of the utilities provider’s stock valued at $493,000 after acquiring an additional 6,335 shares during the period. Cornerstone Wealth Management LLC bought a new stake in shares of Consolidated Water in the second quarter valued at about $500,000. Bank of America Corp DE boosted its position in shares of Consolidated Water by 84.4% in the second quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock valued at $653,000 after acquiring an additional 23,159 shares during the period. Finally, Strs Ohio boosted its position in shares of Consolidated Water by 10.8% in the second quarter. Strs Ohio now owns 55,300 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 5,400 shares during the period. 55.29% of the stock is owned by institutional investors.
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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