Equities research analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will post sales of $15.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Consolidated Water Co.’s earnings. The lowest sales estimate is $15.60 million and the highest is $16.00 million. Consolidated Water Co. posted sales of $15.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, August 9th.
On average, analysts expect that Consolidated Water Co. will report full year sales of $15.80 million for the current fiscal year, with estimates ranging from $60.00 million to $61.90 million. For the next year, analysts forecast that the business will report sales of $62.45 million per share, with estimates ranging from $62.00 million to $62.90 million. Zacks’ sales averages are an average based on a survey of analysts that follow Consolidated Water Co..
Separately, TheStreet upgraded Consolidated Water Co. from a “c+” rating to a “b-” rating in a research note on Monday, April 24th.
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Several hedge funds and other institutional investors have recently made changes to their positions in CWCO. American International Group Inc. increased its position in shares of Consolidated Water Co. by 7.1% in the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after buying an additional 593 shares during the last quarter. Brandes Investment Partners LP acquired a new position in shares of Consolidated Water Co. during the first quarter valued at approximately $124,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Consolidated Water Co. during the first quarter valued at approximately $144,000. Goldman Sachs Group Inc. acquired a new position in shares of Consolidated Water Co. during the first quarter valued at approximately $196,000. Finally, Bank of America Corp DE increased its position in shares of Consolidated Water Co. by 7.5% in the first quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock valued at $208,000 after buying an additional 1,245 shares during the last quarter. 50.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Consolidated Water Co. (NASDAQ:CWCO) traded up 1.18% during mid-day trading on Friday, hitting $12.90. The company had a trading volume of 48,242 shares. Consolidated Water Co. has a 12-month low of $9.80 and a 12-month high of $13.93. The firm has a market cap of $192.07 million, a PE ratio of 42.30 and a beta of 0.87. The firm’s 50 day moving average is $12.55 and its 200-day moving average is $11.45.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 3rd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, June 29th. Consolidated Water Co.’s payout ratio is currently 96.77%.
Consolidated Water Co. Company Profile
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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