Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $16.50 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 58 out of 256 based on the ratings given to its competitors.
Several equities analysts have recently issued reports on the company. ValuEngine downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Zacks Investment Research downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd.
Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Friday, November 9th. The utilities provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.15. The company had revenue of $18.82 million during the quarter, compared to analyst estimates of $15.25 million. Consolidated Water had a return on equity of 5.80% and a net margin of 16.30%. On average, sell-side analysts predict that Consolidated Water will post 0.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.34 annualized dividend and a dividend yield of 2.87%. Consolidated Water’s dividend payout ratio is presently 69.39%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in Consolidated Water by 1,285.0% in the third quarter. Rehmann Capital Advisory Group now owns 6,828 shares of the utilities provider’s stock worth $493,000 after purchasing an additional 6,335 shares during the period. Bank of America Corp DE lifted its position in Consolidated Water by 84.4% in the second quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock worth $653,000 after purchasing an additional 23,159 shares during the period. Icon Advisers Inc. Co. acquired a new stake in Consolidated Water in the third quarter worth approximately $1,102,000. Schwab Charles Investment Management Inc. lifted its position in Consolidated Water by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,386 shares of the utilities provider’s stock worth $1,476,000 after purchasing an additional 8,886 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Consolidated Water by 95.2% in the third quarter. Russell Investments Group Ltd. now owns 146,769 shares of the utilities provider’s stock worth $2,032,000 after purchasing an additional 71,599 shares during the period. Institutional investors and hedge funds own 54.33% 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 in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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