Equities research analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will post $15.35 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Consolidated Water’s earnings, with estimates ranging from $15.00 million to $15.70 million. Consolidated Water reported sales of $14.77 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The business is scheduled to report its next earnings results on Monday, March 18th.
According to Zacks, analysts expect that Consolidated Water will report full year sales of $61.70 million for the current financial year, with estimates ranging from $61.00 million to $62.40 million. For the next fiscal year, analysts anticipate that the company will post sales of $63.70 million, with estimates ranging from $63.00 million to $64.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, August 13th. The utilities provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%. The company had revenue of $15.87 million during the quarter, compared to analyst estimates of $15.70 million.
NASDAQ:CWCO traded up $0.28 during mid-day trading on Friday, hitting $12.54. 40,051 shares of the company’s stock traded hands, compared to its average volume of 41,864. Consolidated Water has a 1 year low of $11.20 and a 1 year high of $15.35. The company has a market capitalization of $182.65 million, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.42 and a beta of 0.75.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.34 annualized dividend and a yield of 2.71%. Consolidated Water’s dividend payout ratio (DPR) is currently 69.39%.
In other news, Director Raymond Whittaker sold 17,011 shares of Consolidated Water stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $14.20, for a total transaction of $241,556.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.53% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Consolidated Water by 0.5% during the third quarter. BlackRock Inc. now owns 806,075 shares of the utilities provider’s stock worth $11,165,000 after buying an additional 4,031 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Consolidated Water by 41.1% during the second quarter. Renaissance Technologies LLC now owns 378,100 shares of the utilities provider’s stock worth $4,877,000 after buying an additional 110,100 shares in the last quarter. Northpointe Capital LLC grew its holdings in shares of Consolidated Water by 89.5% during the third quarter. Northpointe Capital LLC now owns 276,739 shares of the utilities provider’s stock worth $3,833,000 after buying an additional 130,691 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Consolidated Water by 2.7% during the second quarter. Northern Trust Corp now owns 175,189 shares of the utilities provider’s stock worth $2,260,000 after buying an additional 4,626 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Consolidated Water by 95.2% during the third quarter. Russell Investments Group Ltd. now owns 146,769 shares of the utilities provider’s stock worth $2,032,000 after buying an additional 71,599 shares in the last quarter. Institutional investors and hedge funds own 55.13% of the company’s stock.
Consolidated Water Company Profile
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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