Consolidated Water Co. Ltd. (NASDAQ:CWCO) Expected to Announce Earnings of $0.16 Per Share

Equities analysts expect Consolidated Water Co. Ltd. (NASDAQ:CWCO) to announce earnings per share (EPS) of $0.16 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Consolidated Water’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Consolidated Water also reported earnings per share of $0.16 in the same quarter last year. The company is expected to announce its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Consolidated Water will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.63 to $0.64. For the next fiscal year, analysts expect that the company will post earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.76. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Consolidated Water.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, August 12th. The utilities provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The company had revenue of $18.31 million for the quarter, compared to analysts’ expectations of $16.80 million. Consolidated Water had a net margin of 21.95% and a return on equity of 6.05%.



CWCO has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Consolidated Water from a “hold” rating to a “sell” rating and set a $15.00 target price for the company. in a research report on Thursday, June 6th. Janney Montgomery Scott reissued a “buy” rating on shares of Consolidated Water in a research report on Tuesday, August 13th.

In other news, Director Clarence B. Flowers sold 14,480 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $14.70, for a total value of $212,856.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.79% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of CWCO. Putnam Investments LLC acquired a new position in Consolidated Water during the 2nd quarter valued at $1,742,000. Amundi Pioneer Asset Management Inc. raised its stake in Consolidated Water by 10.8% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,162,767 shares of the utilities provider’s stock valued at $101,550,000 after purchasing an additional 113,286 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Consolidated Water during the 2nd quarter valued at $1,283,000. Renaissance Technologies LLC raised its stake in Consolidated Water by 9.5% during the 2nd quarter. Renaissance Technologies LLC now owns 471,397 shares of the utilities provider’s stock valued at $6,722,000 after purchasing an additional 40,997 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Consolidated Water during the 1st quarter valued at $519,000. Institutional investors and hedge funds own 53.95% of the company’s stock.

CWCO stock traded up $0.11 during trading hours on Thursday, hitting $15.40. The company’s stock had a trading volume of 31,882 shares, compared to its average volume of 42,021. The company has a quick ratio of 12.15, a current ratio of 12.83 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $224.21 million, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. Consolidated Water has a 12 month low of $10.76 and a 12 month high of $15.59. The stock has a 50 day moving average price of $14.58 and a two-hundred day moving average price of $13.74.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, September 30th. Consolidated Water’s payout ratio is 50.00%.

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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