Zacks Research Has Negative Estimate for CWCO Q4 Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Stock analysts at Zacks Research decreased their Q4 2027 earnings estimates for Consolidated Water in a research report issued to clients and investors on Tuesday, February 3rd. Zacks Research analyst Team now anticipates that the utilities provider will earn $0.37 per share for the quarter, down from their prior estimate of $0.40. The consensus estimate for Consolidated Water’s current full-year earnings is $1.27 per share.

Several other brokerages have also recently commented on CWCO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Water in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $40.00.

Consolidated Water Trading Up 1.2%

Shares of CWCO stock opened at $37.03 on Thursday. Consolidated Water has a 12 month low of $22.69 and a 12 month high of $39.12. The company has a market capitalization of $589.89 million, a P/E ratio of 38.18 and a beta of 0.49. The stock has a 50 day moving average of $36.08 and a two-hundred day moving average of $34.33.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $35.12 million for the quarter, compared to the consensus estimate of $32.90 million. Consolidated Water had a return on equity of 7.95% and a net margin of 12.90%.

Hedge Funds Weigh In On Consolidated Water

A number of large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Consolidated Water during the third quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its position in Consolidated Water by 335.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,165 shares during the last quarter. CWM LLC increased its stake in shares of Consolidated Water by 67.5% in the 3rd quarter. CWM LLC now owns 2,045 shares of the utilities provider’s stock valued at $72,000 after buying an additional 824 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Consolidated Water in the 3rd quarter valued at $80,000. Finally, State of Alaska Department of Revenue raised its position in shares of Consolidated Water by 382.7% during the fourth quarter. State of Alaska Department of Revenue now owns 2,317 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,837 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Wilmer F. Pergande sold 4,299 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.75, for a total transaction of $145,091.25. Following the transaction, the director owned 31,884 shares in the company, valued at $1,076,085. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick W. Mctaggart sold 1,848 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $35.76, for a total transaction of $66,084.48. Following the sale, the chief executive officer directly owned 287,310 shares in the company, valued at approximately $10,274,205.60. This represents a 0.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,200 shares of company stock worth $246,978. Insiders own 6.25% of the company’s stock.

Consolidated Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 2nd were given a $0.14 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.56 annualized dividend and a yield of 1.5%. Consolidated Water’s payout ratio is presently 57.73%.

Consolidated Water Company Profile

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.