Equities research analysts expect that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce $0.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Consolidated Water’s earnings, with estimates ranging from $0.13 to $0.16. The company is scheduled to report its next earnings results on Monday, March 16th.
According to Zacks, analysts expect that Consolidated Water will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.58 to $0.60. For the next year, analysts expect that the firm will post earnings of $0.69 per share, with EPS estimates ranging from $0.67 to $0.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Tuesday, November 12th. The utilities provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). Consolidated Water had a net margin of 18.56% and a return on equity of 5.66%. The firm had revenue of $15.89 million during the quarter, compared to analysts’ expectations of $17.95 million.
Shares of Consolidated Water stock traded up $0.06 on Wednesday, hitting $16.53. The stock had a trading volume of 52,581 shares, compared to its average volume of 49,326. Consolidated Water has a 52-week low of $10.76 and a 52-week high of $17.87. The company has a current ratio of 13.45, a quick ratio of 12.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $250.66 million, a price-to-earnings ratio of 24.31, a P/E/G ratio of 3.53 and a beta of 0.54. The company’s 50 day moving average price is $16.62 and its 200 day moving average price is $15.08.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Consolidated Water’s payout ratio is currently 50.00%.
A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Consolidated Water by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 82,074 shares of the utilities provider’s stock valued at $1,170,000 after acquiring an additional 776 shares during the period. NJ State Employees Deferred Compensation Plan increased its position in Consolidated Water by 1.5% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 67,000 shares of the utilities provider’s stock valued at $955,000 after acquiring an additional 1,000 shares during the period. Bank of New York Mellon Corp increased its position in Consolidated Water by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,273 shares of the utilities provider’s stock valued at $575,000 after acquiring an additional 1,189 shares during the period. Rhumbline Advisers increased its position in Consolidated Water by 8.8% in the 3rd quarter. Rhumbline Advisers now owns 22,755 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 1,838 shares during the period. Finally, HighTower Advisors LLC increased its position in Consolidated Water by 15.9% in the 2nd quarter. HighTower Advisors LLC now owns 18,222 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 54.40% of the company’s stock.
Consolidated Water Company Profile
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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