Equities analysts forecast that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce $16.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Consolidated Water’s earnings, with the lowest sales estimate coming in at $15.00 million and the highest estimate coming in at $17.10 million. Consolidated Water reported sales of $14.06 million during the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The business is expected to announce its next earnings report on Thursday, March 15th.
On average, analysts expect that Consolidated Water will report full year sales of $16.05 million for the current financial year, with estimates ranging from $62.00 million to $64.60 million. For the next financial year, analysts anticipate that the business will report sales of $65.55 million per share, with estimates ranging from $65.00 million to $66.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Consolidated Water.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. TheStreet raised shares of Consolidated Water from a “c+” rating to a “b-” rating in a research note on Friday, November 24th. Finally, Roth Capital set a $15.00 price objective on shares of Consolidated Water and gave the company a “buy” rating in a research note on Monday, November 13th.
Shares of Consolidated Water (CWCO) traded down $0.10 during trading hours on Wednesday, reaching $12.80. 21,101 shares of the company traded hands, compared to its average volume of 57,786. The company has a market cap of $191.86, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. Consolidated Water has a fifty-two week low of $10.00 and a fifty-two week high of $13.95.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be paid a $0.085 dividend. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.34 annualized dividend and a yield of 2.66%. Consolidated Water’s dividend payout ratio is presently 85.00%.
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Consolidated Water by 21.0% during the second quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,452 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of Consolidated Water during the second quarter valued at $135,000. Essex Financial Services Inc. raised its stake in shares of Consolidated Water by 186.7% during the third quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 9,221 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Consolidated Water by 4.1% during the second quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 660 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Consolidated Water by 4.3% during the second quarter. Vanguard Group Inc. now owns 29,865 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 1,242 shares during the last quarter. 48.89% of the stock is owned by hedge funds and other institutional investors.
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About Consolidated Water
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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