Consolidated Water Co. Ltd. to Post FY2024 Earnings of $1.26 Per Share, Roth Capital Forecasts (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Investment analysts at Roth Capital upped their FY2024 earnings estimates for Consolidated Water in a report released on Friday, August 16th. Roth Capital analyst G. Sweeney now forecasts that the utilities provider will post earnings of $1.26 per share for the year, up from their prior forecast of $1.25. The consensus estimate for Consolidated Water’s current full-year earnings is $1.34 per share. Roth Capital also issued estimates for Consolidated Water’s Q4 2024 earnings at $0.28 EPS.

Separately, StockNews.com cut Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Consolidated Water Stock Performance

Shares of NASDAQ CWCO opened at $26.80 on Monday. The firm has a market cap of $424.22 million, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 2.66 and a beta of 0.17. Consolidated Water has a 1 year low of $23.70 and a 1 year high of $38.29. The firm’s 50 day moving average price is $26.60 and its 200 day moving average price is $27.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farrow Financial Inc. acquired a new stake in Consolidated Water during the fourth quarter worth about $3,585,000. AltraVue Capital LLC raised its holdings in Consolidated Water by 15.1% in the second quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock valued at $19,762,000 after buying an additional 97,740 shares during the period. New York State Common Retirement Fund lifted its position in Consolidated Water by 124.9% during the fourth quarter. New York State Common Retirement Fund now owns 127,408 shares of the utilities provider’s stock valued at $4,536,000 after buying an additional 70,761 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Consolidated Water during the first quarter worth approximately $1,847,000. Finally, Navellier & Associates Inc. increased its position in shares of Consolidated Water by 84.0% in the fourth quarter. Navellier & Associates Inc. now owns 78,002 shares of the utilities provider’s stock worth $2,777,000 after acquiring an additional 35,604 shares in the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Insider Transactions at Consolidated Water

In related news, Director Clarence B. Flowers sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $25.04, for a total value of $67,608.00. Following the completion of the sale, the director now directly owns 300,500 shares in the company, valued at $7,524,520. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.87% of the company’s stock.

Consolidated Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, July 1st. Consolidated Water’s dividend payout ratio is currently 24.52%.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.