Consolidated Water (NASDAQ:CWCO) Announces Earnings Results

Consolidated Water (NASDAQ:CWCO) announced its earnings results on Monday. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.10), FiscalAI reports. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. The business had revenue of $30.92 million for the quarter, compared to the consensus estimate of $32.10 million.

Consolidated Water Stock Up 1.6%

CWCO stock traded up $0.43 during trading on Monday, hitting $27.65. The company had a trading volume of 106,804 shares, compared to its average volume of 111,798. The firm has a 50-day moving average price of $28.40 and a 200-day moving average price of $31.32. Consolidated Water has a 12 month low of $26.40 and a 12 month high of $39.12. The stock has a market cap of $442.76 million, a price-to-earnings ratio of 33.31 and a beta of 0.56.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 1st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 1st. Consolidated Water’s payout ratio is 67.47%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CWCO. Weiss Ratings reiterated a “hold (c)” rating on shares of Consolidated Water in a research report on Friday, October 2nd. Zacks Research raised shares of Consolidated Water from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Insider Buying and Selling

In other Consolidated Water news, Director Raymond Whittaker sold 1,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $28.93, for a total value of $28,930.00. Following the transaction, the director directly owned 2,038 shares in the company, valued at approximately $58,959.34. This trade represents a 32.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.81% of the company’s stock.

About Consolidated Water

Consolidated Water Co Ltd. (NASDAQ: CWCO) develops, operates and maintains seawater desalination plants and provides potable water through water utility and infrastructure services. The company’s activities include designing and constructing desalination facilities, producing and selling drinking water, and providing related engineering, procurement and construction services.

Founded in 1973 and headquartered in the Cayman Islands, Consolidated Water has historically served communities and commercial customers in the Caribbean, including the Cayman Islands and The Bahamas, as well as customers in the United States.