Global Water Resources (NASDAQ:GWRS) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Global Water Resources (NASDAQ:GWRS) released its quarterly earnings data on Wednesday. The utilities provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), Zacks reports. The firm had revenue of $13.29 million during the quarter, compared to analyst estimates of $12.70 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%.

Global Water Resources Stock Performance

Shares of GWRS stock opened at $11.39 on Thursday. Global Water Resources has a 12-month low of $11.05 and a 12-month high of $13.98. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The firm has a market capitalization of $275.89 million, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The business has a 50 day simple moving average of $11.53 and a 200 day simple moving average of $12.23.

Global Water Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0253 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 annualized dividend and a dividend yield of 2.67%. Global Water Resources’s dividend payout ratio is presently 111.11%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.