Wall Street analysts expect that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce $15.95 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Consolidated Water’s earnings, with the lowest sales estimate coming in at $15.00 million and the highest estimate coming in at $16.90 million. Consolidated Water posted sales of $14.77 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is expected to report its next quarterly earnings results on Monday, March 18th.
On average, analysts expect that Consolidated Water will report full year sales of $66.00 million for the current fiscal year, with estimates ranging from $65.00 million to $67.00 million. For the next fiscal year, analysts expect that the company will post sales of $65.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings data on Friday, November 9th. The utilities provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. Consolidated Water had a net margin of 16.30% and a return on equity of 5.80%. The firm had revenue of $18.82 million for the quarter, compared to analyst estimates of $15.25 million.
NASDAQ:CWCO traded up $0.01 during mid-day trading on Tuesday, reaching $12.39. 47,350 shares of the company were exchanged, compared to its average volume of 25,991. Consolidated Water has a 12 month low of $11.70 and a 12 month high of $15.35. The firm has a market cap of $185.40 million, a P/E ratio of 25.29, a P/E/G ratio of 2.17 and a beta of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, December 31st. Consolidated Water’s dividend payout ratio is currently 69.39%.
In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of the 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 document filed with the SEC, which is accessible through this link. 2.53% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in Consolidated Water by 1.0% during the 3rd quarter. Morgan Stanley now owns 723,082 shares of the utilities provider’s stock valued at $10,014,000 after purchasing an additional 6,815 shares during the period. 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 last quarter. Renaissance Technologies LLC increased its position in shares of Consolidated Water by 1.9% during the 3rd quarter. Renaissance Technologies LLC now owns 385,303 shares of the utilities provider’s stock valued at $5,336,000 after purchasing an additional 7,203 shares during the last quarter. BlackRock Inc. increased its position in shares of Consolidated Water by 0.5% during 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 last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of Consolidated Water during the 3rd quarter valued at about $1,102,000. Institutional investors own 55.29% 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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