Equities analysts expect that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will announce sales of $15.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Consolidated Water Co.’s earnings. Consolidated Water Co. posted sales of $14.39 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that Consolidated Water Co. will report full year sales of $15.00 million for the current financial year, with estimates ranging from $61.00 million to $61.60 million. For the next fiscal year, analysts expect that the firm will report sales of $62.95 million per share, with estimates ranging from $62.90 million to $63.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Consolidated Water Co..
Separately, Zacks Investment Research downgraded shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
Shares of Consolidated Water Co. (NASDAQ:CWCO) opened at 12.90 on Tuesday. The firm has a 50 day moving average of $12.44 and a 200 day moving average of $12.20. The firm has a market cap of $192.21 million, a price-to-earnings ratio of 65.15 and a beta of 0.91. Consolidated Water Co. has a 52 week low of $9.80 and a 52 week high of $13.50.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, September 29th. Consolidated Water Co.’s dividend payout ratio is currently 150.01%.
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Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Consolidated Water Co. by 21.0% during the 2nd quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,452 shares during the last quarter. American International Group Inc. lifted its holdings in Consolidated Water Co. by 7.1% during the 1st quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 593 shares during the last quarter. Alliancebernstein L.P. bought a new position in Consolidated Water Co. during the 2nd quarter valued at about $135,000. Rhumbline Advisers lifted its holdings in Consolidated Water Co. by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 660 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Consolidated Water Co. during the 1st quarter valued at about $196,000. 45.72% of the stock is owned by hedge funds and other institutional investors.
Consolidated Water Co. Company Profile
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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