Q2 2024 EPS Estimates for Consolidated Water Co. Ltd. Reduced by Analyst (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Stock analysts at Roth Capital cut their Q2 2024 EPS estimates for Consolidated Water in a research note issued to investors on Monday, May 20th. Roth Capital analyst G. Sweeney now forecasts that the utilities provider will earn $0.28 per share for the quarter, down from their previous forecast of $0.31. The consensus estimate for Consolidated Water’s current full-year earnings is $1.29 per share. Roth Capital also issued estimates for Consolidated Water’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.25 EPS and FY2025 earnings at $1.46 EPS.

Separately, StockNews.com cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Consolidated Water Price Performance

CWCO opened at $29.38 on Wednesday. The stock has a market capitalization of $465.06 million, a PE ratio of 18.95, a P/E/G ratio of 2.82 and a beta of 0.14. The firm’s fifty day moving average price is $26.90 and its 200 day moving average price is $30.82. Consolidated Water has a 12-month low of $19.07 and a 12-month high of $38.29.

Institutional Trading of Consolidated Water

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Consolidated Water by 3.1% during the first quarter. Vanguard Group Inc. now owns 323,906 shares of the utilities provider’s stock worth $9,494,000 after purchasing an additional 9,837 shares during the period. Russell Investments Group Ltd. grew its position in shares of Consolidated Water by 25.6% during the first quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 1,029 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Consolidated Water during the first quarter worth about $1,847,000. BNP Paribas Financial Markets grew its position in shares of Consolidated Water by 11.0% during the first quarter. BNP Paribas Financial Markets now owns 12,882 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its position in shares of Consolidated Water by 8.6% during the first quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 547 shares during the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.