Media stories about Global Water Resources (NASDAQ:GWRS) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Water Resources earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.6891714548114 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts recently weighed in on the company. Roth Capital set a $11.00 price target on Global Water Resources and gave the company a “buy” rating in a research report on Saturday, May 27th. Zacks Investment Research upgraded Global Water Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th.
Shares of Global Water Resources (NASDAQ:GWRS) opened at 9.70 on Friday. The firm has a market capitalization of $190.18 million, a price-to-earnings ratio of 118.29 and a beta of 0.31. Global Water Resources has a 12 month low of $7.50 and a 12 month high of $10.00. The firm’s 50-day moving average price is $9.55 and its 200-day moving average price is $9.12.
Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Global Water Resources had a return on equity of 10.46% and a net margin of 5.05%. The business had revenue of $8.15 million during the quarter, compared to the consensus estimate of $7.90 million. On average, equities analysts anticipate that Global Water Resources will post $0.09 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a $0.023 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Tuesday, August 15th. Global Water Resources’s dividend payout ratio (DPR) is presently 350.04%.
In other news, Director L Rita Theil sold 25,000 shares of Global Water Resources stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $9.23, for a total value of $230,750.00. Following the completion of the transaction, the director now directly owns 2,666 shares of the company’s stock, valued at approximately $24,607.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
About Global Water Resources
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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