Global Water Resources (GWRS) to Release Quarterly Earnings on Wednesday

Global Water Resources (NASDAQ:GWRS) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $12.37 million for the quarter, compared to analyst estimates of $12.00 million. Global Water Resources had a net margin of 15.05% and a return on equity of 13.64%. During the same period in the previous year, the business earned $0.04 earnings per share. On average, analysts expect Global Water Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global Water Resources Price Performance

NASDAQ:GWRS opened at $12.24 on Wednesday. The firm has a market cap of $295.84 million, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.97. Global Water Resources has a 12 month low of $9.34 and a 12 month high of $13.43. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.16. The company’s 50-day moving average price is $12.54 and its two-hundred day moving average price is $12.13.

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a $0.025 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 2.45%. Global Water Resources’s dividend payout ratio (DPR) is presently 90.91%.

About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.