Consolidated Water (NASDAQ:CWCO) Issues Quarterly Earnings Results

Consolidated Water (NASDAQ:CWCO) released its earnings results on Monday. The utilities provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03), Zacks reports. Consolidated Water had a return on equity of 7.84% and a net margin of 13.50%.The business had revenue of $29.97 million for the quarter, compared to the consensus estimate of $31.90 million.

Consolidated Water Price Performance

NASDAQ CWCO traded down $0.38 on Wednesday, reaching $29.96. The company had a trading volume of 62,489 shares, compared to its average volume of 125,726. The firm has a market cap of $479.36 million, a price-to-earnings ratio of 30.87 and a beta of 0.54. Consolidated Water has a fifty-two week low of $24.41 and a fifty-two week high of $39.12. The business has a 50 day moving average of $33.65 and a two-hundred day moving average of $35.09.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 1st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, April 1st. Consolidated Water’s dividend payout ratio is presently 57.73%.

Insiders Place Their Bets

In related news, Director Maria Elena Giner acquired 3,310 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of $30.24 per share, for a total transaction of $100,094.40. Following the completion of the acquisition, the director directly owned 3,310 shares of the company’s stock, valued at approximately $100,094.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 6.25% of the stock is owned by insiders.

Institutional Trading of Consolidated Water

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new stake in Consolidated Water during the fourth quarter valued at $450,000. Inspire Investing LLC boosted its position in Consolidated Water by 11.0% during the fourth quarter. Inspire Investing LLC now owns 34,263 shares of the utilities provider’s stock valued at $1,209,000 after acquiring an additional 3,408 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Consolidated Water during the fourth quarter valued at $329,000. Trexquant Investment LP boosted its position in Consolidated Water by 1.4% during the fourth quarter. Trexquant Investment LP now owns 47,162 shares of the utilities provider’s stock valued at $1,664,000 after acquiring an additional 650 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Consolidated Water by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,924 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 905 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CWCO shares. Zacks Research cut Consolidated Water from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Wall Street Zen upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings cut Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.00.

Consolidated Water Company Profile

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.