Consolidated Water (NASDAQ:CWCO) Issues Earnings Results, Beats Expectations By $0.05 EPS

Consolidated Water (NASDAQ:CWCO) posted its quarterly earnings data on Monday. The utilities provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05, Zacks reports. The firm had revenue of $32.87 million during the quarter, compared to analysts’ expectations of $30.60 million. Consolidated Water had a return on equity of 7.26% and a net margin of 12.66%.

Consolidated Water Price Performance

NASDAQ:CWCO traded down $0.64 during mid-day trading on Wednesday, reaching $31.68. The company’s stock had a trading volume of 26,890 shares, compared to its average volume of 115,983. The company’s fifty day simple moving average is $29.57 and its two-hundred day simple moving average is $32.48. Consolidated Water has a twelve month low of $28.17 and a twelve month high of $39.12. The stock has a market cap of $506.88 million, a P/E ratio of 35.20 and a beta of 0.51.

Consolidated Water Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, July 1st. Consolidated Water’s dividend payout ratio (DPR) is presently 62.22%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Consolidated Water from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CWCO. Deutsche Bank AG increased its position in Consolidated Water by 242.5% during the 4th quarter. Deutsche Bank AG now owns 43,431 shares of the utilities provider’s stock worth $1,533,000 after purchasing an additional 30,752 shares in the last quarter. Lazard Asset Management LLC lifted its position in Consolidated Water by 182.6% during the third quarter. Lazard Asset Management LLC now owns 39,006 shares of the utilities provider’s stock valued at $1,376,000 after buying an additional 25,205 shares in the last quarter. Invesco Ltd. grew its stake in Consolidated Water by 6.9% during the third quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock worth $11,147,000 after buying an additional 20,264 shares during the period. Two Sigma Investments LP grew its stake in Consolidated Water by 139.6% during the third quarter. Two Sigma Investments LP now owns 33,844 shares of the utilities provider’s stock worth $1,194,000 after buying an additional 19,717 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Consolidated Water by 1.5% in the third quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after acquiring an additional 13,951 shares in the last quarter. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

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.