Research Analysts Offer Predictions for CWCO FY2024 Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Research analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of Consolidated Water in a note issued to investors on Monday, November 18th. Roth Capital analyst G. Sweeney now anticipates that the utilities provider will earn $1.24 per share for the year, down from their previous forecast of $1.26. The consensus estimate for Consolidated Water’s current full-year earnings is $1.25 per share. Roth Capital also issued estimates for Consolidated Water’s Q4 2024 earnings at $0.26 EPS and Q2 2025 earnings at $0.30 EPS.

Consolidated Water Price Performance

Shares of CWCO opened at $26.35 on Thursday. The firm has a 50-day moving average price of $25.21 and a 200 day moving average price of $26.30. Consolidated Water has a 12-month low of $23.55 and a 12-month high of $38.29.

Institutional Trading of Consolidated Water

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in Consolidated Water by 288.8% in the third quarter. Barclays PLC now owns 20,350 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 15,116 shares during the period. Geode Capital Management LLC lifted its stake in shares of Consolidated Water by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock valued at $10,669,000 after purchasing an additional 20,394 shares during the last quarter. Zacks Investment Management grew its holdings in shares of Consolidated Water by 13.6% during the 3rd quarter. Zacks Investment Management now owns 33,027 shares of the utilities provider’s stock worth $833,000 after purchasing an additional 3,956 shares during the period. Jane Street Group LLC increased its position in shares of Consolidated Water by 102.5% during the 3rd quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider’s stock worth $837,000 after purchasing an additional 16,803 shares during the last quarter. Finally, State Street Corp lifted its position in Consolidated Water by 1.8% in the third quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock valued at $8,392,000 after buying an additional 5,976 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.