Wall Street analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce $0.18 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Consolidated Water’s earnings, with estimates ranging from $0.15 to $0.20. Consolidated Water reported earnings of $0.11 per share in the same quarter last year, which would indicate a positive year over year growth rate of 63.6%. The business is expected to issue its next quarterly earnings report on Thursday, March 15th.
On average, analysts expect that Consolidated Water will report full year earnings of $0.56 per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.69 to $0.76. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Consolidated Water.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. TheStreet upgraded shares of Consolidated Water from a “c+” rating to a “b-” rating in a report on Friday, November 24th. Finally, Roth Capital set a $15.00 price target on shares of Consolidated Water and gave the company a “buy” rating in a report on Monday, November 13th.
Shares of Consolidated Water (NASDAQ CWCO) traded up $0.10 during midday trading on Monday, hitting $12.90. 31,100 shares of the company traded hands, compared to its average volume of 54,489. Consolidated Water has a 12 month low of $10.00 and a 12 month high of $13.95. The stock has a market capitalization of $192.98, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be issued a $0.085 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.34 annualized dividend and a yield of 2.64%. This is a boost from Consolidated Water’s previous quarterly dividend of $0.08. Consolidated Water’s payout ratio is 85.00%.
Large investors have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan boosted its holdings in Consolidated Water by 125.0% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the utilities provider’s stock valued at $1,152,000 after acquiring an additional 50,000 shares in the last quarter. Icon Advisers Inc. Co. boosted its holdings in Consolidated Water by 16.9% in the second quarter. Icon Advisers Inc. Co. now owns 131,042 shares of the utilities provider’s stock valued at $1,625,000 after acquiring an additional 18,990 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Consolidated Water by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 71,163 shares of the utilities provider’s stock valued at $882,000 after acquiring an additional 24,256 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Consolidated Water by 27.1% in the second quarter. Nationwide Fund Advisors now owns 52,486 shares of the utilities provider’s stock valued at $651,000 after acquiring an additional 11,200 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Consolidated Water by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 259,998 shares of the utilities provider’s stock valued at $3,223,000 after acquiring an additional 17,218 shares in the last quarter. Institutional investors and hedge funds own 48.89% of the company’s stock.
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About Consolidated Water
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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