Brokerages Expect Consolidated Water Co. Ltd. (CWCO) to Post $0.19 EPS

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $16.50 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 208 out of 255 based on the ratings given to its competitors.

A number of analysts recently commented on the company. ValuEngine upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research lowered Consolidated Water from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd.

In related news, Director Clarence B. Flowers sold 6,603 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $13.50, for a total value of $89,140.50. Following the completion of the transaction, the director now directly owns 21,873 shares in the company, valued at approximately $295,285.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wilmer F. Pergande sold 2,383 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $12.78, for a total value of $30,454.74. Following the completion of the transaction, the director now owns 27,580 shares of the company’s stock, valued at $352,472.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,844 shares of company stock valued at $130,852 over the last 90 days. Corporate insiders own 2.53% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its position in shares of Consolidated Water by 9.1% in the 4th quarter. LPL Financial LLC now owns 13,436 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 1,126 shares during the period. Prudential Financial Inc. grew its position in shares of Consolidated Water by 10.5% in the 4th quarter. Prudential Financial Inc. now owns 13,258 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 1,258 shares during the period. BlackRock Inc. grew its position in shares of Consolidated Water by 0.5% in the 3rd quarter. BlackRock Inc. now owns 806,075 shares of the utilities provider’s stock valued at $11,165,000 after purchasing an additional 4,031 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Consolidated Water by 1,285.0% in 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. Finally, Rhumbline Advisers grew its position in shares of Consolidated Water by 44.0% in the 4th quarter. Rhumbline Advisers now owns 21,025 shares of the utilities provider’s stock valued at $245,000 after purchasing an additional 6,424 shares during the period. Institutional investors and hedge funds own 53.91% of the company’s stock.

Shares of Consolidated Water stock traded down $0.01 during trading on Thursday, reaching $12.61. The company’s stock had a trading volume of 400 shares, compared to its average volume of 46,668. Consolidated Water has a one year low of $10.76 and a one year high of $15.00. The stock has a market capitalization of $188.97 million, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.22 and a beta of 0.81.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be given a dividend of $0.085 per share. The ex-dividend date is Friday, March 29th. This represents a $0.34 annualized dividend and a dividend yield of 2.70%. Consolidated Water’s payout ratio is currently 50.00%.

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: Quiet Period

Get a free copy of the Zacks research report on Consolidated Water (CWCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Consolidated Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Water and related companies with MarketBeat.com's FREE daily email newsletter.