Analysts expect that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce sales of $19.15 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Consolidated Water’s earnings, with estimates ranging from $18.30 million to $20.00 million. Consolidated Water posted sales of $15.89 million in the same quarter last year, which suggests a positive year-over-year growth rate of 20.5%. The company is scheduled to issue its next earnings results on Tuesday, November 10th.
On average, analysts expect that Consolidated Water will report full-year sales of $78.65 million for the current fiscal year, with estimates ranging from $76.30 million to $81.00 million. For the next financial year, analysts forecast that the company will report sales of $79.05 million, with estimates ranging from $75.10 million to $83.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Monday, August 17th. The utilities provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.19). Consolidated Water had a net margin of 7.20% and a return on equity of 5.02%. The firm had revenue of $19.09 million for the quarter, compared to analyst estimates of $17.95 million.
Shares of Consolidated Water stock traded up $0.17 on Tuesday, hitting $11.05. 61,054 shares of the company traded hands, compared to its average volume of 75,272. The company has a 50-day moving average price of $11.15 and a 200 day moving average price of $13.24. Consolidated Water has a 12-month low of $10.13 and a 12-month high of $18.83. The company has a market cap of $167.10 million, a PE ratio of 19.73, a PEG ratio of 2.21 and a beta of 0.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 1st will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, September 30th. Consolidated Water’s dividend payout ratio is presently 60.71%.
In other Consolidated Water news, Director Wilmer F. Pergande sold 2,657 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $12.14, for a total transaction of $32,255.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.07% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. acquired a new position in Consolidated Water during the 1st quarter worth $788,000. Wellington Management Group LLP lifted its position in Consolidated Water by 101.6% during the 1st quarter. Wellington Management Group LLP now owns 270,166 shares of the utilities provider’s stock worth $4,431,000 after acquiring an additional 136,166 shares during the last quarter. State Street Corp lifted its position in Consolidated Water by 1.3% during the 1st quarter. State Street Corp now owns 226,974 shares of the utilities provider’s stock worth $3,742,000 after acquiring an additional 2,945 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Consolidated Water by 1.5% during the first quarter. Alliancebernstein L.P. now owns 158,094 shares of the utilities provider’s stock valued at $2,593,000 after buying an additional 2,388 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Consolidated Water by 339.3% during the first quarter. Parametric Portfolio Associates LLC now owns 147,615 shares of the utilities provider’s stock valued at $2,421,000 after buying an additional 114,009 shares during the last quarter. 53.47% of the stock is owned by hedge funds and other institutional investors.
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.
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