Analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce $19.15 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Consolidated Water’s earnings, with the lowest sales estimate coming in at $18.30 million and the highest estimate coming in at $20.00 million. Consolidated Water reported sales of $15.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 10th.
According to Zacks, analysts expect that Consolidated Water will report full year sales of $78.65 million for the current financial year, with estimates ranging from $76.30 million to $81.00 million. For the next fiscal year, analysts expect that the firm will post sales of $79.05 million, with estimates ranging from $75.10 million to $83.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings results on Monday, August 17th. The utilities provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.19). The company had revenue of $19.09 million during the quarter, compared to the consensus estimate of $17.95 million. Consolidated Water had a net margin of 7.20% and a return on equity of 5.02%.
NASDAQ:CWCO traded up $0.17 during trading hours on Tuesday, hitting $11.05. 61,054 shares of the stock traded hands, compared to its average volume of 75,272. The firm has a 50 day moving average price of $11.15 and a 200 day moving average price of $13.24. Consolidated Water has a fifty-two week low of $10.13 and a fifty-two week high of $18.83. The firm has a market cap of $167.10 million, a price-to-earnings ratio of 19.73, a PEG ratio of 2.21 and a beta of 0.17.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, September 30th. Consolidated Water’s dividend payout ratio (DPR) is currently 60.71%.
In other news, Director Wilmer F. Pergande sold 2,657 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $12.14, for a total transaction of $32,255.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.07% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new position in shares of Consolidated Water during the 1st quarter valued at $788,000. Wellington Management Group LLP grew its holdings in shares of Consolidated Water by 101.6% during the 1st quarter. Wellington Management Group LLP now owns 270,166 shares of the utilities provider’s stock valued at $4,431,000 after acquiring an additional 136,166 shares in the last quarter. State Street Corp grew its holdings in shares of Consolidated Water by 1.3% during the 1st quarter. State Street Corp now owns 226,974 shares of the utilities provider’s stock valued at $3,742,000 after acquiring an additional 2,945 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Consolidated Water by 1.5% during the 1st quarter. Alliancebernstein L.P. now owns 158,094 shares of the utilities provider’s stock valued at $2,593,000 after acquiring an additional 2,388 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Consolidated Water by 339.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 147,615 shares of the utilities provider’s stock valued at $2,421,000 after acquiring an additional 114,009 shares in the last quarter. Institutional investors and hedge funds own 53.47% of the company’s stock.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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