Wall Street brokerages forecast that Connecticut Water Service Inc (NASDAQ:CTWS) will post $1.22 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Connecticut Water Service’s earnings. Connecticut Water Service reported earnings per share of $1.31 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.9%. The business is scheduled to announce its next quarterly 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 financial year, analysts anticipate that the business will post earnings of $2.45 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Connecticut Water Service.
Connecticut Water Service (NASDAQ:CTWS) last released its earnings results on Thursday, August 8th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Connecticut Water Service had a net margin of 17.18% and a return on equity of 9.79%. The business had revenue of $30.66 million during the quarter.
Shares of CTWS traded up $0.17 during mid-day trading on Friday, reaching $70.05. The stock had a trading volume of 119 shares, compared to its average volume of 32,835. The business’s fifty day moving average is $70.00 and its 200 day moving average is $69.33. Connecticut Water Service has a 52-week low of $62.80 and a 52-week high of $70.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.42 and a quick ratio of 0.40. The firm has a market cap of $845.28 million, a price-to-earnings ratio of 30.59 and a beta of -0.08.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.327 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.31 annualized dividend and a yield of 1.87%. Connecticut Water Service’s dividend payout ratio (DPR) is 57.21%.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Connecticut Water Service by 3.4% in the second quarter. Vanguard Group Inc. now owns 702,648 shares of the utilities provider’s stock valued at $48,989,000 after purchasing an additional 22,822 shares during the last quarter. Nuance Investments LLC increased its stake in Connecticut Water Service by 34.5% in the second quarter. Nuance Investments LLC now owns 543,425 shares of the utilities provider’s stock valued at $37,888,000 after purchasing an additional 139,531 shares during the last quarter. ARP Americas LP increased its stake in Connecticut Water Service by 27.7% in the second quarter. ARP Americas LP now owns 418,851 shares of the utilities provider’s stock valued at $29,202,000 after purchasing an additional 90,739 shares during the last quarter. CNH Partners LLC increased its stake in Connecticut Water Service by 46.0% in the first quarter. CNH Partners LLC now owns 316,701 shares of the utilities provider’s stock valued at $21,742,000 after purchasing an additional 99,850 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Connecticut Water Service by 6.9% in the second quarter. Renaissance Technologies LLC now owns 265,400 shares of the utilities provider’s stock valued at $18,504,000 after purchasing an additional 17,200 shares during the last quarter. 53.32% of the stock is currently owned by hedge funds and other institutional investors.
Connecticut Water Service Company Profile
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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