Cadiz (CDZI) to Release Quarterly Earnings on Tuesday

Cadiz (NASDAQ:CDZI - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, May 13th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $4.77 million for the quarter.

Cadiz (NASDAQ:CDZI - Get Free Report) last released its earnings results on Friday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. The business had revenue of $4.75 million for the quarter, compared to analysts' expectations of $8.44 million. On average, analysts expect Cadiz to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cadiz Stock Down 0.7 %

CDZI stock traded down $0.02 on Friday, reaching $2.99. 53,567 shares of the company traded hands, compared to its average volume of 395,083. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $3.85. Cadiz has a one year low of $2.13 and a one year high of $5.68. The company has a market cap of $244.78 million, a P/E ratio of -5.86 and a beta of 1.77.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CDZI. StockNews.com upgraded shares of Cadiz to a "sell" rating in a research note on Wednesday, March 5th. Roth Capital initiated coverage on shares of Cadiz in a research note on Thursday, April 17th. They issued a "buy" rating and a $10.00 target price on the stock.

Cadiz Company Profile

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.