Global Water Resources (GWRS) Receives Daily News Impact Rating of 0.18

Headlines about Global Water Resources (NASDAQ:GWRS) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Water Resources earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.1563938114868 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of GWRS stock traded down $0.34 during trading hours on Monday, reaching $9.60. 200 shares of the company traded hands, compared to its average volume of 14,688. Global Water Resources has a 12-month low of $8.40 and a 12-month high of $10.50. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 7.35. The stock has a market cap of $213.27 million, a P/E ratio of 80.00, a PEG ratio of 3.49 and a beta of -0.07.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. Global Water Resources had a return on equity of 28.97% and a net margin of 18.86%. The firm had revenue of $10.84 million for the quarter, compared to analysts’ expectations of $8.70 million. equities research analysts expect that Global Water Resources will post 0.19 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.0236 per share. The ex-dividend date is Wednesday, August 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.95%. Global Water Resources’s payout ratio is currently 233.33%.

Several research analysts have issued reports on the company. Zacks Investment Research cut Global Water Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. TheStreet raised Global Water Resources from a “c-” rating to a “b-” rating in a research report on Thursday, August 9th.

In related news, Director Trevor T. Hill sold 3,242 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $9.24, for a total value of $29,956.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Trevor T. Hill sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $9.09, for a total value of $77,265.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,474 shares of company stock worth $113,985. Insiders own 50.00% of the company’s stock.

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.

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