Equities research analysts expect Consolidated Water Co. Ltd. (NASDAQ:CWCO) to announce sales of $17.30 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Consolidated Water’s earnings. The highest sales estimate is $17.60 million and the lowest is $17.00 million. Consolidated Water reported sales of $15.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Consolidated Water will report full year sales of $65.55 million for the current financial year, with estimates ranging from $65.00 million to $66.10 million. For the next fiscal year, analysts forecast that the company will report sales of $68.00 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, March 19th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $14.77 million during the quarter, compared to analyst estimates of $16.05 million. Consolidated Water had a net margin of 9.87% and a return on equity of 5.36%.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Manhattan Co. boosted its stake in shares of Consolidated Water by 7.0% during the fourth quarter. First Manhattan Co. now owns 804,513 shares of the utilities provider’s stock valued at $10,136,000 after purchasing an additional 52,600 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Consolidated Water in the fourth quarter worth about $9,355,000. BlackRock Inc. lifted its stake in Consolidated Water by 2.1% in the fourth quarter. BlackRock Inc. now owns 677,496 shares of the utilities provider’s stock worth $8,536,000 after acquiring an additional 14,183 shares during the period. Dimensional Fund Advisors LP lifted its stake in Consolidated Water by 5.4% in the third quarter. Dimensional Fund Advisors LP now owns 594,715 shares of the utilities provider’s stock worth $7,612,000 after acquiring an additional 30,567 shares during the period. Finally, LSV Asset Management lifted its stake in Consolidated Water by 31.7% in the fourth quarter. LSV Asset Management now owns 454,627 shares of the utilities provider’s stock worth $5,728,000 after acquiring an additional 109,327 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.
Shares of CWCO remained flat at $$14.35 during trading hours on Friday. 46,681 shares of the stock were exchanged, compared to its average volume of 46,342. The stock has a market capitalization of $210.74, a price-to-earnings ratio of 29.29, a P/E/G ratio of 3.20 and a beta of 0.62. Consolidated Water has a 1 year low of $11.10 and a 1 year high of $15.35.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, March 29th. Consolidated Water’s dividend payout ratio is currently 69.39%.
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Consolidated Water 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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