Consolidated Water (CWCO) Announces Quarterly Earnings Results

Consolidated Water (NASDAQ:CWCO) announced its quarterly earnings results on Friday. The utilities provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.15, Fidelity Earnings reports. Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%. The firm had revenue of $18.82 million during the quarter, compared to the consensus estimate of $15.25 million.

Shares of NASDAQ CWCO traded up $0.28 during mid-day trading on Friday, reaching $12.54. 40,051 shares of the company were exchanged, compared to its average volume of 31,429. Consolidated Water has a 52 week low of $11.20 and a 52 week high of $15.35. The company has a market capitalization of $177.72 million, a P/E ratio of 25.59, a P/E/G ratio of 2.36 and a beta of 0.75.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 1st were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Friday, September 28th. Consolidated Water’s dividend payout ratio is currently 69.39%.

Several research analysts have commented on the stock. ValuEngine downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Monday, August 27th.

In other news, Director Raymond Whittaker sold 17,011 shares of Consolidated Water stock in a transaction on Friday, September 7th. The shares were sold at an average price of $14.20, for a total transaction of $241,556.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.53% of the company’s stock.

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About Consolidated Water

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.

Further Reading: Growth Stocks

Earnings History for Consolidated Water (NASDAQ:CWCO)

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