Global Water Resources (NASDAQ:GWRS) released its earnings results on Wednesday. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05, Fidelity Earnings reports. The firm had revenue of $9.94 million during the quarter, compared to analyst estimates of $9.70 million. Global Water Resources had a return on equity of 7.03% and a net margin of 5.73%.
NASDAQ GWRS traded down $0.60 during trading on Friday, reaching $12.30. 20,600 shares of the company’s stock were exchanged, compared to its average volume of 22,551. The stock has a market cap of $257.80 million, a P/E ratio of 82.00, a price-to-earnings-growth ratio of 5.70 and a beta of 0.05. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.73 and a current ratio of 1.73. The company has a 50 day moving average price of $12.08 and a two-hundred day moving average price of $11.16. Global Water Resources has a 1 year low of $9.00 and a 1 year high of $13.33.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.0239 per share. This represents a $0.29 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, November 8th. Global Water Resources’s dividend payout ratio (DPR) is 193.33%.
GWRS has been the subject of a number of recent analyst reports. ValuEngine raised Global Water Resources from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. BidaskClub downgraded Global Water Resources from a “strong-buy” rating to a “buy” rating in a report on Wednesday. TheStreet raised Global Water Resources from a “c” rating to a “b-” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research downgraded Global Water Resources from a “buy” rating to a “hold” rating in a report on Wednesday.
About Global Water Resources
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
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