Q4 2016 Earnings Forecast for Consolidated Water Co. Issued By Roth Capital (CWCO)
Consolidated Water Co. (NASDAQ:CWCO) – Analysts at Roth Capital cut their Q4 2016 earnings per share estimates for shares of Consolidated Water in a note issued to investors on Friday. Roth Capital analyst G. Sweeney now forecasts that the brokerage will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.17. Roth Capital also issued estimates for Consolidated Water’s Q2 2017 earnings at $0.17 EPS, Q3 2017 earnings at $0.16 EPS and Q4 2017 earnings at $0.14 EPS.
Separately, Zacks Investment Research cut shares of Consolidated Water from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th.
Consolidated Water (NASDAQ:CWCO) opened at 11.40 on Monday. The company has a 50-day moving average price of $11.20 and a 200 day moving average price of $12.68. The stock has a market capitalization of $168.93 million, a price-to-earnings ratio of 42.38 and a beta of 0.78. Consolidated Water has a 12 month low of $10.23 and a 12 month high of $14.69.
Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.29. The business earned $5.45 million during the quarter, compared to analysts’ expectations of $16.10 million. Consolidated Water had a return on equity of 5.03% and a net margin of 6.97%.
Institutional investors have recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new position in Consolidated Water during the second quarter worth approximately $2,063,000. JPMorgan Chase & Co. raised its position in Consolidated Water by 128.9% in the second quarter. JPMorgan Chase & Co. now owns 136,016 shares of the company’s stock worth $1,776,000 after buying an additional 76,604 shares in the last quarter. TFS Capital LLC raised its position in Consolidated Water by 76.0% in the second quarter. TFS Capital LLC now owns 119,050 shares of the company’s stock worth $1,555,000 after buying an additional 51,418 shares in the last quarter. BlackRock Fund Advisors raised its position in Consolidated Water by 9.3% in the third quarter. BlackRock Fund Advisors now owns 405,797 shares of the company’s stock worth $4,715,000 after buying an additional 34,650 shares in the last quarter. Finally, Argent Capital Management LLC raised its position in Consolidated Water by 20.2% in the second quarter. Argent Capital Management LLC now owns 199,950 shares of the company’s stock worth $2,611,000 after buying an additional 33,550 shares in the last quarter. 47.74% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Richard Finlay acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was purchased at an average price of $12.73 per share, with a total value of $127,300.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.18% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 3rd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, September 29th. Consolidated Water’s dividend payout ratio is 111.11%.
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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