Roth Capital Equities Analysts Reduce Earnings Estimates for Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Stock analysts at Roth Capital dropped their Q2 2024 earnings per share estimates for Consolidated Water in a research note issued on Monday, May 20th. Roth Capital analyst G. Sweeney now anticipates that the utilities provider will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.31. The consensus estimate for Consolidated Water’s current full-year earnings is $1.32 per share. Roth Capital also issued estimates for Consolidated Water’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.25 EPS and FY2025 earnings at $1.46 EPS.

Separately, StockNews.com downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Friday, May 10th.

Consolidated Water Stock Down 3.0 %

CWCO opened at $28.49 on Wednesday. Consolidated Water has a 12-month low of $19.07 and a 12-month high of $38.29. The stock’s 50 day moving average price is $26.94 and its two-hundred day moving average price is $30.79.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in Consolidated Water by 86.8% in the 3rd quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock valued at $10,800,000 after acquiring an additional 176,412 shares in the last quarter. Farrow Financial Inc. bought a new position in Consolidated Water in the fourth quarter worth $3,585,000. Legato Capital Management LLC acquired a new stake in Consolidated Water during the fourth quarter worth $2,766,000. New York State Common Retirement Fund increased its holdings in Consolidated Water by 124.9% in the 4th quarter. New York State Common Retirement Fund now owns 127,408 shares of the utilities provider’s stock valued at $4,536,000 after buying an additional 70,761 shares during the period. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of Consolidated Water in the 1st quarter valued at $1,847,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.