Wall Street analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Consolidated Water’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.18. Consolidated Water reported earnings of $0.14 per share during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The firm is scheduled to report its next earnings report before the market opens on Monday, August 12th.
On average, analysts expect that Consolidated Water will report full-year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.70. For the next financial year, analysts forecast that the firm will report earnings of $0.69 per share, with EPS estimates ranging from $0.65 to $0.73. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Monday, May 13th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $16.99 million for the quarter, compared to analyst estimates of $16.00 million. Consolidated Water had a net margin of 22.59% and a return on equity of 5.82%.
Shares of CWCO traded up $0.05 during mid-day trading on Monday, reaching $14.17. 42,100 shares of the stock traded hands, compared to its average volume of 40,175. The stock has a market cap of $214.04 million, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.66 and a beta of 0.63. The firm has a fifty day moving average of $14.18. Consolidated Water has a 12-month low of $10.76 and a 12-month high of $15.00. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 1st were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.40%. Consolidated Water’s dividend payout ratio (DPR) is presently 50.00%.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Consolidated Water by 552.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,081 shares of the utilities provider’s stock worth $40,000 after buying an additional 2,609 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Consolidated Water by 114.2% in the second quarter. Advisory Services Network LLC now owns 5,196 shares of the utilities provider’s stock worth $74,000 after buying an additional 2,770 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Consolidated Water in the first quarter worth $127,000. Hendershot Investments Inc. bought a new stake in shares of Consolidated Water in the first quarter worth $135,000. Finally, LPL Financial LLC increased its stake in shares of Consolidated Water by 9.1% in the fourth quarter. LPL Financial LLC now owns 13,436 shares of the utilities provider’s stock worth $157,000 after buying an additional 1,126 shares during the last quarter. Institutional investors and hedge funds own 54.16% of the company’s stock.
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.
See Also: What is Liquidity?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Consolidated Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Water and related companies with MarketBeat.com's FREE daily email newsletter.