Wall Street brokerages expect Consolidated Water Co. Ltd. (NASDAQ:CWCO) to report sales of $15.70 million for the current quarter, according to Zacks. Two analysts have issued estimates for Consolidated Water’s earnings, with the highest sales estimate coming in at $16.40 million and the lowest estimate coming in at $15.00 million. Consolidated Water reported sales of $15.25 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 8th.
On average, analysts expect that Consolidated Water will report full year sales of $61.15 million for the current financial year, with estimates ranging from $59.00 million to $63.30 million. For the next fiscal year, analysts forecast that the company will post sales of $63.55 million per share, with estimates ranging from $62.00 million to $65.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Consolidated Water.
Get Consolidated Water alerts:Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Friday, May 11th. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Consolidated Water had a net margin of 9.05% and a return on equity of 5.46%. The company had revenue of $15.34 million for the quarter, compared to the consensus estimate of $17.30 million.
Several brokerages have weighed in on CWCO. Roth Capital set a $17.00 target price on shares of Consolidated Water and gave the company a “buy” rating in a research note on Friday, March 23rd. ValuEngine upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Finally, Zacks Investment Research upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th.
Large investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Consolidated Water by 45.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,082,078 shares of the utilities provider’s stock worth $15,745,000 after purchasing an additional 339,655 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Consolidated Water by 7.8% during the first quarter. BlackRock Inc. now owns 730,665 shares of the utilities provider’s stock worth $10,631,000 after purchasing an additional 53,169 shares during the last quarter. Uniplan Investment Counsel Inc. raised its holdings in shares of Consolidated Water by 1.3% during the first quarter. Uniplan Investment Counsel Inc. now owns 405,048 shares of the utilities provider’s stock worth $5,893,000 after purchasing an additional 5,310 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Consolidated Water by 10.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 105,500 shares of the utilities provider’s stock worth $1,536,000 after purchasing an additional 9,587 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Consolidated Water by 24.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 90,750 shares of the utilities provider’s stock worth $1,144,000 after purchasing an additional 17,985 shares during the last quarter. Institutional investors and hedge funds own 54.83% of the company’s stock.
Consolidated Water traded down $0.05, reaching $14.65, during midday trading on Wednesday, MarketBeat reports. The stock had a trading volume of 87,753 shares, compared to its average volume of 56,724. Consolidated Water has a 52-week low of $11.20 and a 52-week high of $15.35. The firm has a market capitalization of $219.90 million, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Monday, July 2nd will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $0.34 annualized dividend and a dividend yield of 2.32%. Consolidated Water’s payout ratio is currently 69.39%.
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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