Wall Street brokerages expect Connecticut Water Service, Inc. (NASDAQ:CTWS) to announce earnings per share of $0.21 for the current quarter, according to Zacks. Zero analysts have made estimates for Connecticut Water Service’s earnings. Connecticut Water Service reported earnings per share of $0.07 during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The business is expected to issue its next quarterly earnings results on Monday, March 12th.
On average, analysts expect that Connecticut Water Service will report full-year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.20. For the next year, analysts expect that the business will report earnings of $2.20 per share, with EPS estimates ranging from $2.04 to $2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Connecticut Water Service.
CTWS has been the topic of a number of analyst reports. BidaskClub cut shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
Several hedge funds and other institutional investors have recently bought and sold shares of CTWS. QS Investors LLC bought a new position in shares of Connecticut Water Service in the second quarter worth about $111,000. Legal & General Group Plc lifted its stake in Connecticut Water Service by 4.3% in the second quarter. Legal & General Group Plc now owns 2,715 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 111 shares during the period. California Public Employees Retirement System purchased a new stake in Connecticut Water Service in the fourth quarter worth about $206,000. Citadel Advisors LLC purchased a new stake in Connecticut Water Service in the third quarter worth about $207,000. Finally, Moors & Cabot Inc. purchased a new stake in Connecticut Water Service in the third quarter worth about $210,000. Hedge funds and other institutional investors own 45.89% of the company’s stock.
Connecticut Water Service (NASDAQ:CTWS) traded down $1.89 during mid-day trading on Tuesday, reaching $53.71. 84,892 shares of the company’s stock were exchanged, compared to its average volume of 53,333. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.18 and a quick ratio of 1.14. Connecticut Water Service has a fifty-two week low of $50.56 and a fifty-two week high of $65.04. The company has a market capitalization of $679.08, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.27 and a beta of 0.01.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, February 28th. Connecticut Water Service’s payout ratio is presently 57.77%.
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Connecticut Water Service Company Profile
Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).
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