Zacks: Analysts Expect Consolidated Water Co. Ltd. (CWCO) to Announce $0.16 EPS

Wall Street analysts expect that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Consolidated Water’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.15. Consolidated Water posted earnings per share of $0.12 in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings report on Monday, March 18th.

According to Zacks, analysts expect that Consolidated Water will report full-year earnings of $0.74 per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.71 to $0.76. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Consolidated Water.

Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Friday, November 9th. The utilities provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm had revenue of $18.82 million for the quarter, compared to the consensus estimate of $15.25 million. Consolidated Water had a return on equity of 5.80% and a net margin of 16.30%.

Several analysts have weighed in on CWCO shares. ValuEngine downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd.

Several hedge funds have recently modified their holdings of CWCO. Rehmann Capital Advisory Group increased its position in shares of Consolidated Water by 1,285.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 6,828 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 6,335 shares during the period. Bank of America Corp DE increased its position in shares of Consolidated Water by 84.4% during the 2nd quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock valued at $653,000 after purchasing an additional 23,159 shares during the period. Icon Advisers Inc. Co. acquired a new position in shares of Consolidated Water during the 3rd quarter valued at $1,102,000. Schwab Charles Investment Management Inc. increased its position in shares of Consolidated Water by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,386 shares of the utilities provider’s stock valued at $1,476,000 after purchasing an additional 8,886 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Consolidated Water by 95.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 146,769 shares of the utilities provider’s stock valued at $2,032,000 after purchasing an additional 71,599 shares during the period. Institutional investors own 54.33% of the company’s stock.

Shares of Consolidated Water stock opened at $11.84 on Friday. The firm has a market cap of $178.23 million, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. Consolidated Water has a 1-year low of $10.76 and a 1-year high of $15.35.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, December 31st. Consolidated Water’s dividend payout ratio (DPR) is presently 69.39%.

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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