Cadiz (CDZI) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Cadiz is expected to report quarterly results after the close on Wednesday, May 13, with analysts forecasting ($0.10) EPS and about $4.56M in revenue; the company reported a ($0.13) loss in the prior quarter and shows a negative net margin and large negative ROE.
• Shares opened at $4.60 (up ~4.5%), trade in a 52‑week range of $2.58–$6.96, and the company has a market cap of $385M, a PE of -9.58 and a high debt‑to‑equity ratio of 4.33.
• Analyst sentiment is mixed-to-negative with a MarketBeat consensus rating of "Reduce" (one Buy, two Sell) and a consensus price target of $10.00, while institutional investors and hedge funds own roughly 79.8% of the stock.

Cadiz (NASDAQ:CDZI - Get Free Report) will likely be posting its results after the market closes on Wednesday, May 13th. Analysts expect Cadiz to post earnings of ($0.10) per share and revenue of $4.5550 million for the quarter.

Cadiz (NASDAQ:CDZI - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.67). The business had revenue of $5.08 million for the quarter, compared to analyst estimates of $4.80 million. Cadiz had a negative return on equity of 104.61% and a negative net margin of 209.35%. On average, analysts expect Cadiz to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cadiz Trading Up 4.5%

Shares of Cadiz stock opened at $4.60 on Wednesday. Cadiz has a 52-week low of $2.58 and a 52-week high of $6.96. The firm has a market capitalization of $385.02 million, a PE ratio of -9.58 and a beta of 1.79. The company has a debt-to-equity ratio of 4.33, a current ratio of 1.22 and a quick ratio of 1.13. The company's fifty day moving average price is $4.97 and its two-hundred day moving average price is $5.34.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Cadiz in a research note on Monday, April 20th. Wall Street Zen cut shares of Cadiz from a "sell" rating to a "strong sell" rating in a research note on Saturday, April 11th. Maxim Group began coverage on Cadiz in a report on Monday, February 2nd. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Zacks Research lowered Cadiz from a "hold" rating to a "strong sell" rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cadiz currently has a consensus rating of "Reduce" and a consensus price target of $10.00.

Hedge Funds Weigh In On Cadiz

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDZI. Quarry LP bought a new stake in Cadiz during the 3rd quarter worth approximately $40,000. BNP Paribas Financial Markets grew its holdings in Cadiz by 115.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,062 shares of the company's stock worth $52,000 after acquiring an additional 5,935 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in Cadiz in the third quarter valued at about $56,000. LPL Financial LLC bought a new stake in shares of Cadiz in the 4th quarter valued at about $56,000. Finally, Virtu Financial LLC bought a new stake in Cadiz in the fourth quarter valued at approximately $57,000. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Cadiz Company Profile

Cadiz, Inc NASDAQ: CDZI is a Southern California–based water resource management company focused on developing and operating groundwater storage, recovery and conveyance projects. The company holds water rights and mineral rights on approximately 34,000 acres in the Mojave Desert and is chiefly known for advancing the Cadiz Water Project, a planned system to capture, store and distribute groundwater to urban and agricultural users in the region.

The company's primary business activity centers on the development of infrastructure that enables sustainable groundwater banking.

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