Consolidated Water (NASDAQ:CWCO) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Consolidated Water (NASDAQ:CWCO) issued its quarterly earnings data on Monday. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.10), FiscalAI reports. Consolidated Water had a net margin of 12.66% and a return on equity of 7.23%. The business had revenue of $30.92 million during the quarter, compared to analyst estimates of $32.10 million.

Consolidated Water Price Performance

CWCO stock traded up $0.43 during trading hours on Monday, reaching $27.65. 106,804 shares of the stock were exchanged, compared to its average volume of 111,798. The firm’s 50-day moving average is $28.44 and its 200-day moving average is $31.37. The company has a market cap of $442.76 million, a price-to-earnings ratio of 33.31 and a beta of 0.56. Consolidated Water has a 12 month low of $26.40 and a 12 month high of $39.12.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%. Consolidated Water’s dividend payout ratio is presently 67.47%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Consolidated Water in a report on Friday, October 2nd. Zacks Research raised shares of Consolidated Water from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Activity

In other news, Director Raymond Whittaker sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $28.93, for a total value of $28,930.00. Following the sale, the director directly owned 2,038 shares in the company, valued at $58,959.34. The trade was a 32.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.81% of the stock is owned by corporate insiders.

Consolidated Water Company Profile

Consolidated Water Co Ltd. (NASDAQ: CWCO) develops, operates and maintains seawater desalination plants and provides potable water through water utility and infrastructure services. The company’s activities include designing and constructing desalination facilities, producing and selling drinking water, and providing related engineering, procurement and construction services.

Founded in 1973 and headquartered in the Cayman Islands, Consolidated Water has historically served communities and commercial customers in the Caribbean, including the Cayman Islands and The Bahamas, as well as customers in the United States.