Consolidated Water Co. Ltd. (CWCO) Expected to Post Quarterly Sales of $16.05 Million
Equities analysts forecast that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will report sales of $16.05 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Consolidated Water’s earnings, with the lowest sales estimate coming in at $15.00 million and the highest estimate coming in at $17.10 million. Consolidated Water posted sales of $14.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The firm is expected to issue its next earnings results on Thursday, March 15th.
On average, analysts expect that Consolidated Water will report full year sales of $16.05 million for the current year, with estimates ranging from $62.00 million to $64.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $65.55 million per share, with estimates ranging from $65.00 million to $66.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Consolidated Water.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded shares of Consolidated Water from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Finally, Roth Capital set a $15.00 target price on shares of Consolidated Water and gave the stock a “buy” rating in a research note on Monday, November 13th.
Consolidated Water (NASDAQ:CWCO) traded up $0.05 during trading on Thursday, reaching $13.00. 24,154 shares of the company were exchanged, compared to its average volume of 53,161. Consolidated Water has a 12 month low of $9.80 and a 12 month high of $13.95. The stock has a market cap of $195.96, a price-to-earnings ratio of 23.91, a P/E/G ratio of 3.51 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.62%. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, January 2nd. Consolidated Water’s dividend payout ratio (DPR) is 73.17%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. American International Group Inc. raised its holdings in shares of Consolidated Water by 7.1% in the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock worth $104,000 after buying an additional 593 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Consolidated Water by 4.1% in the second quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock worth $206,000 after buying an additional 660 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Consolidated Water by 1.3% in the second quarter. Thrivent Financial For Lutherans now owns 64,610 shares of the utilities provider’s stock worth $802,000 after buying an additional 820 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Consolidated Water by 4.3% in the second quarter. Vanguard Group Inc. now owns 29,865 shares of the utilities provider’s stock worth $371,000 after buying an additional 1,242 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Consolidated Water by 7.5% in the first quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock worth $208,000 after buying an additional 1,245 shares during the last quarter. 48.89% of the stock is owned by institutional investors and hedge funds.
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About Consolidated Water
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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