Stock analysts expect Consolidated Water Co. Ltd. (NASDAQ: CWCO – Get a rating) will post earnings per share of $0.07 for the current quarter, Zacks Investment Research reports. Two analysts have made earnings estimates for Consolidated Water, with the lowest EPS estimate of $0.06 and the highest estimate of $0.08. The company is expected to release its next quarterly results on Wednesday, March 30.
According to Zacks, analysts expect Consolidated Water to report annual earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.34. For the next fiscal year, analysts expect the company to post earnings of $0.60 per share, with EPS estimates ranging from $0.51 to $0.68. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who follow Consolidated Water.
Separately, StockNews.com cut Consolidated Water shares from a “buy” rating to a “hold” rating in a report on Saturday.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Millennium Management LLC acquired a new stake in Consolidated Water in the second quarter worth approximately $2,485,000. KBC Group NV increased its position in Consolidated Water shares by 18.4% in the third quarter. KBC Group NV now owns 278,605 shares of the utility provider valued at $3,176,000 after purchasing an additional 43,260 shares during the period. Albion Financial Group UT raised its position in Consolidated Water shares by 10.1% in the third quarter. Albion Financial Group UT now owns 48,022 shares of the utility provider valued at $547,000 after purchasing an additional 4,423 shares during the period. Clarus Wealth Advisors raised its position in Consolidated Water shares by 8.1% in the third quarter. Clarus Wealth Advisors now owns 13,068 shares of the utility provider valued at $152,000 after purchasing an additional 981 shares during the period. Finally, Raymond James & Associates increased its position in Consolidated Water shares by 6.7% in the third quarter. Raymond James & Associates now owns 113,668 shares of the utility provider valued at $1,296,000 after purchasing an additional 7,184 shares during the period. Hedge funds and other institutional investors hold 43.12% of the company’s shares.
Shares of CWCO were up $0.05 in Friday’s midday session, hitting $10.85. The stock had a trading volume of 52,385 shares, compared to an average volume of 67,604. Consolidated Water has a fifty-two week low of $9.01 and a fifty-two week high of $15.29 . The company has a 50-day simple moving average of $10.06 and a two-hundred-day simple moving average of $10.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Investors of record on Friday, April 1 will receive a dividend of $0.085 per share. This represents an annualized dividend of $0.34 and a dividend yield of 3.13%. The ex-dividend date is Thursday, March 31.
Consolidated Water Company Profile (Get a rating)
Consolidated Water Co Ltd. is engaged in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: retail, bulk, services and manufacturing. The Retail segment operates water service for the Seven Mile Beach and West Bay areas of the Grand Cayman Islands.
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