Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $17.00 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 107 out of 256 based on the ratings given to related companies.
Several analysts have recently commented on CWCO shares. Zacks Investment Research cut Consolidated Water from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. ValuEngine raised Consolidated Water from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th.
In related news, Director Wilmer F. Pergande sold 2,383 shares of Consolidated Water stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $12.78, for a total value of $30,454.74. Following the sale, the director now owns 27,580 shares of the company’s stock, valued at approximately $352,472.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Clarence B. Flowers sold 7,393 shares of Consolidated Water stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $12.54, for a total value of $92,708.22. The disclosure for this sale can be found here. In the last three months, insiders sold 10,634 shares of company stock worth $134,420. 4.79% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in Consolidated Water by 552.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,081 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,609 shares during the period. Denali Advisors LLC bought a new position in shares of Consolidated Water in the first quarter worth $127,000. Whittier Trust Co. bought a new position in shares of Consolidated Water in the fourth quarter worth $117,000. Hendershot Investments Inc. bought a new position in shares of Consolidated Water in the first quarter worth $135,000. Finally, FDx Advisors Inc. bought a new position in shares of Consolidated Water in the fourth quarter worth $128,000. Hedge funds and other institutional investors own 53.48% of the company’s stock.
Consolidated Water stock traded up $0.19 during trading hours on Tuesday, reaching $14.28. 34,014 shares of the company were exchanged, compared to its average volume of 40,187. The firm has a market capitalization of $210.43 million, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.65 and a beta of 0.68. The company has a current ratio of 8.42, a quick ratio of 7.94 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $13.61. Consolidated Water has a 12 month low of $10.76 and a 12 month high of $15.00.
Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, May 13th. The utilities provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $16.99 million during the quarter, compared to analyst estimates of $16.00 million. Consolidated Water had a return on equity of 5.82% and a net margin of 22.59%. Equities research analysts forecast that Consolidated Water will post 0.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, June 28th. Consolidated Water’s dividend payout ratio is presently 50.00%.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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