Shares of Consolidated Water Co. (NASDAQ:CWCO) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $15.00 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 163 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th.
Consolidated Water (NASDAQ:CWCO) opened at 11.62 on Monday. The stock has a 50 day moving average price of $12.21 and a 200-day moving average price of $12.92. Consolidated Water has a one year low of $10.23 and a one year high of $14.69. The stock has a market cap of $172.15 million, a PE ratio of 22.52 and a beta of 0.85.
Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Consolidated Water had a net margin of 13.29% and a return on equity of 5.01%. Equities research analysts expect that Consolidated Water will post $0.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 3rd will be paid a $0.075 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.58%. Consolidated Water’s dividend payout ratio (DPR) is presently 57.69%.
In related news, Director Richard Finlay bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average price of $12.73 per share, for a total transaction of $127,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.18% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Consolidated Water by 3.5% in the first quarter. Royal Bank of Canada now owns 8,281 shares of the company’s stock worth $100,000 after buying an additional 281 shares during the period. Martingale Asset Management L P bought a new stake in shares of Consolidated Water during the second quarter worth about $142,000. Vanguard Group Inc. raised its stake in shares of Consolidated Water by 4.1% in the second quarter. Vanguard Group Inc. now owns 24,370 shares of the company’s stock worth $318,000 after buying an additional 949 shares during the period. Globeflex Capital L P bought a new stake in shares of Consolidated Water during the second quarter worth about $334,000. Finally, Geode Capital Management LLC raised its stake in shares of Consolidated Water by 39.1% in the first quarter. Geode Capital Management LLC now owns 28,190 shares of the company’s stock worth $342,000 after buying an additional 7,928 shares during the period. Institutional investors and hedge funds own 45.55% of the company’s stock.
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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