Zacks Research Issues Optimistic Estimate for CWCO Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Zacks Research increased their FY2024 EPS estimates for Consolidated Water in a research note issued on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.26 for the year, up from their prior estimate of $1.25. The consensus estimate for Consolidated Water’s current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Consolidated Water’s Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.32 EPS, FY2025 earnings at $1.37 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $1.55 EPS.

Consolidated Water Price Performance

Shares of NASDAQ:CWCO opened at $25.99 on Monday. The firm has a fifty day simple moving average of $25.39 and a two-hundred day simple moving average of $26.20. Consolidated Water has a 52 week low of $23.55 and a 52 week high of $37.85.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be given a $0.11 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.44 annualized dividend and a yield of 1.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AltraVue Capital LLC grew its holdings in Consolidated Water by 15.1% during the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock valued at $19,762,000 after purchasing an additional 97,740 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Consolidated Water by 5.1% in the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after buying an additional 20,394 shares during the period. State Street Corp boosted its holdings in Consolidated Water by 1.8% during the 3rd quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock valued at $8,392,000 after acquiring an additional 5,976 shares during the period. Vanguard Group Inc. grew its position in Consolidated Water by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 323,906 shares of the utilities provider’s stock valued at $9,494,000 after acquiring an additional 9,837 shares during the last quarter. Finally, Legato Capital Management LLC increased its stake in Consolidated Water by 16.5% in the second quarter. Legato Capital Management LLC now owns 149,525 shares of the utilities provider’s stock worth $3,968,000 after purchasing an additional 21,140 shares during the period. Institutional investors own 55.16% of the company’s stock.

About Consolidated Water

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.