Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Global Water Resources (GWRS) Share Price

Headlines about Global Water Resources (NASDAQ:GWRS) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Global Water Resources earned a news impact score of 0.02 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.2544978460747 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern’s analysis:

Shares of Global Water Resources stock opened at $9.12 on Friday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.08 and a quick ratio of 1.08. Global Water Resources has a 1 year low of $8.40 and a 1 year high of $10.00. The firm has a market cap of $177.27, a P/E ratio of 76.00, a price-to-earnings-growth ratio of 4.30 and a beta of -0.01.

Global Water Resources (NASDAQ:GWRS) last issued its earnings results on Friday, March 9th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Global Water Resources had a net margin of 14.14% and a return on equity of 14.91%. The firm had revenue of $7.80 million during the quarter, compared to analysts’ expectations of $7.50 million. equities analysts anticipate that Global Water Resources will post 0.14 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a dividend of $0.0236 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. Global Water Resources’s dividend payout ratio (DPR) is presently 233.33%.

Separately, Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday.

In related news, Director Trevor T. Hill sold 5,300 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $9.07, for a total transaction of $48,071.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Trevor T. Hill sold 3,200 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $9.16, for a total transaction of $29,312.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock worth $141,503. 49.20% of the stock is owned by company insiders.

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Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

Insider Buying and Selling by Quarter for Global Water Resources (NASDAQ:GWRS)

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