Analysts Expect Connecticut Water Service Inc (NASDAQ:CTWS) to Post $1.22 Earnings Per Share

Brokerages expect Connecticut Water Service Inc (NASDAQ:CTWS) to post earnings of $1.22 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Connecticut Water Service’s earnings. Connecticut Water Service reported earnings per share of $1.31 during the same quarter last year, which suggests a negative year-over-year growth rate of 6.9%. The firm is expected to report its next earnings report on Friday, November 8th.

On average, analysts expect that Connecticut Water Service will report full-year earnings of $2.30 per share for the current year. For the next year, analysts expect that the business will report earnings of $2.45 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Connecticut Water Service.

CTWS has been the topic of a number of research reports. Zacks Investment Research cut Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Monday, June 10th. BidaskClub upgraded Connecticut Water Service from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.50.



Shares of CTWS traded down $0.19 on Wednesday, reaching $69.80. The stock had a trading volume of 21,328 shares, compared to its average volume of 39,920. The stock has a market cap of $844.41 million, a price-to-earnings ratio of 30.57 and a beta of -0.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.47 and a quick ratio of 0.45. The company’s 50-day moving average is $69.77. Connecticut Water Service has a twelve month low of $62.80 and a twelve month high of $70.50.

A number of large investors have recently made changes to their positions in CTWS. Norges Bank bought a new stake in Connecticut Water Service during the 4th quarter worth approximately $17,707,000. ARP Americas LP lifted its position in shares of Connecticut Water Service by 249.1% in the 1st quarter. ARP Americas LP now owns 328,112 shares of the utilities provider’s stock worth $22,525,000 after purchasing an additional 234,118 shares during the period. Nuance Investments LLC lifted its position in shares of Connecticut Water Service by 34.5% in the 2nd quarter. Nuance Investments LLC now owns 543,425 shares of the utilities provider’s stock worth $37,888,000 after purchasing an additional 139,531 shares during the period. CNH Partners LLC lifted its position in shares of Connecticut Water Service by 46.0% in the 1st quarter. CNH Partners LLC now owns 316,701 shares of the utilities provider’s stock worth $21,742,000 after purchasing an additional 99,850 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Connecticut Water Service by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 702,648 shares of the utilities provider’s stock worth $48,989,000 after purchasing an additional 22,822 shares during the period. Hedge funds and other institutional investors own 51.71% of the company’s stock.

About Connecticut Water Service

Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water and provides wastewater services.

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