Global Water Resources (NASDAQ:GWRS) announced its earnings results on Friday. The utilities provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01), Fidelity Earnings reports. Global Water Resources had a return on equity of 24.43% and a net margin of 16.95%. The firm had revenue of $9.00 million for the quarter, compared to the consensus estimate of $8.90 million.

Shares of NASDAQ:GWRS opened at $10.86 on Friday. Global Water Resources has a 12 month low of $8.40 and a 12 month high of $11.61. The company has a market cap of $237.90 million, a P/E ratio of 61.56, a PEG ratio of 3.89 and a beta of -0.19. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 7.35.

The company also recently announced a monthly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.0239 per share. This is a boost from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.29 annualized dividend and a yield of 2.64%. Global Water Resources’s payout ratio is presently 233.33%.

Several equities research analysts recently commented on the company. TheStreet cut Global Water Resources from a “b-” rating to a “c+” rating in a report on Monday, November 5th. ValuEngine raised Global Water Resources from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Finally, Zacks Investment Research raised Global Water Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, August 14th.

In other news, Director Debra Coy bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average price of $9.77 per share, with a total value of $29,310.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have purchased 7,430 shares of company stock worth $73,830. 50.00% of the stock is owned by corporate insiders.

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Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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Earnings History for Global Water Resources (NASDAQ:GWRS)

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