Wall Street analysts expect Consolidated Water Co. Ltd. (NASDAQ:CWCO) to post sales of $15.25 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Consolidated Water’s earnings, with the lowest sales estimate coming in at $15.00 million and the highest estimate coming in at $15.50 million. Consolidated Water posted sales of $16.57 million during the same quarter last year, which suggests a negative year over year growth rate of 8%. The business is scheduled to issue its next earnings report on Thursday, November 8th.
On average, analysts expect that Consolidated Water will report full-year sales of $61.70 million for the current financial year, with estimates ranging from $61.00 million to $62.40 million. For the next fiscal year, analysts anticipate that the firm will post sales of $63.70 million, with estimates ranging from $63.00 million to $64.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Consolidated Water.
Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Monday, August 13th. The utilities provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $15.87 million for the quarter, compared to analysts’ expectations of $15.70 million. Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%.
Shares of CWCO stock traded down $0.10 during trading on Monday, hitting $13.85. 2 shares of the stock traded hands, compared to its average volume of 38,260. The firm has a market cap of $212.42 million, a PE ratio of 28.37, a PEG ratio of 2.82 and a beta of 0.71. Consolidated Water has a 52-week low of $11.20 and a 52-week high of $15.35.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, September 28th. Consolidated Water’s payout ratio is 69.39%.
In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $14.20, for a total value of $241,556.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.53% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CWCO. Schwab Charles Investment Management Inc. raised its position in Consolidated Water by 10.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 105,500 shares of the utilities provider’s stock valued at $1,536,000 after purchasing an additional 9,587 shares during the period. KBC Group NV raised its position in Consolidated Water by 14.6% in the first quarter. KBC Group NV now owns 85,125 shares of the utilities provider’s stock valued at $1,239,000 after purchasing an additional 10,841 shares during the period. BlackRock Inc. raised its position in Consolidated Water by 7.8% in the first quarter. BlackRock Inc. now owns 730,665 shares of the utilities provider’s stock valued at $10,631,000 after purchasing an additional 53,169 shares during the period. Sei Investments Co. raised its position in Consolidated Water by 35.4% in the first quarter. Sei Investments Co. now owns 17,450 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 4,558 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Consolidated Water in the first quarter valued at approximately $228,000. 53.92% of the stock is currently owned by institutional investors.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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