Shares of Global Water Resources Inc (NASDAQ:GWRS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $12.00 for the company and are forecasting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Global Water Resources an industry rank of 163 out of 256 based on the ratings given to its competitors.
GWRS has been the topic of a number of research reports. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. BidaskClub downgraded Zai Lab from a “strong-buy” rating to a “buy” rating in a research note on Friday.
Global Water Resources stock traded up $0.45 during mid-day trading on Wednesday, hitting $12.17. 16,572 shares of the stock were exchanged, compared to its average volume of 64,029. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 4.24. Global Water Resources has a 12 month low of $9.00 and a 12 month high of $12.43. The firm’s fifty day moving average price is $10.67. The firm has a market capitalization of $252.37 million, a PE ratio of 81.13, a price-to-earnings-growth ratio of 5.21 and a beta of -0.01.
Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $7.72 million during the quarter, compared to analyst estimates of $8.30 million. Global Water Resources had a net margin of 9.58% and a return on equity of 13.74%. On average, analysts forecast that Global Water Resources will post 0.15 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.024 dividend. This is a boost from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, July 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.37%. Global Water Resources’s payout ratio is 193.33%.
Several institutional investors have recently made changes to their positions in GWRS. North Star Investment Management Corp. lifted its position in shares of Global Water Resources by 0.8% during the second quarter. North Star Investment Management Corp. now owns 182,225 shares of the utilities provider’s stock worth $1,902,000 after purchasing an additional 1,450 shares during the last quarter. Granite Investment Partners LLC raised its stake in Global Water Resources by 87.8% during the first quarter. Granite Investment Partners LLC now owns 77,156 shares of the utilities provider’s stock worth $757,000 after acquiring an additional 36,066 shares during the period. Kennedy Capital Management Inc. raised its stake in Global Water Resources by 3.5% during the first quarter. Kennedy Capital Management Inc. now owns 179,558 shares of the utilities provider’s stock worth $1,761,000 after acquiring an additional 6,078 shares during the period. Spark Investment Management LLC raised its stake in Global Water Resources by 9.3% during the first quarter. Spark Investment Management LLC now owns 14,100 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,196 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Global Water Resources during the first quarter worth about $110,000. Hedge funds and other institutional investors own 28.26% of the company’s stock.
Global Water Resources Company Profile
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
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