Cadiz (CDZI) to Release Earnings on Tuesday

Key Points

• Cadiz (CDZI) is scheduled to release its quarterly earnings on August 12th, with analysts predicting an earnings per share of ($0.09) and revenue of $3.90 million.
• In its last earnings report, Cadiz reported ($0.14) earnings per share, missing expectations, and had a negative net margin of 296.15%.
• Roth Capital recently initiated coverage on Cadiz with a "buy" rating and a price target of $10.00.

Cadiz (NASDAQ:CDZI - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, August 12th. Analysts expect Cadiz to post earnings of ($0.09) per share and revenue of $3.90 million for the quarter.

Cadiz (NASDAQ:CDZI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Cadiz had a negative return on equity of 107.34% and a negative net margin of 296.15%. The company had revenue of $2.95 million during the quarter, compared to analysts' expectations of $4.77 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 Performance

Shares of NASDAQ:CDZI traded down $0.08 during midday trading on Tuesday, reaching $3.08. 48,487 shares of the company traded hands, compared to its average volume of 560,697. Cadiz has a 12 month low of $2.13 and a 12 month high of $5.68. The firm's fifty day moving average price is $3.02 and its two-hundred day moving average price is $3.40. The company has a quick ratio of 1.97, a current ratio of 2.19 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $251.78 million, a price-to-earnings ratio of -5.61 and a beta of 1.76.

Institutional Trading of Cadiz

A hedge fund recently bought a new stake in Cadiz stock. AQR Capital Management LLC purchased a new stake in Cadiz, Inc. (NASDAQ:CDZI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,992 shares of the company's stock, valued at approximately $79,000. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Roth Capital started coverage on Cadiz in a research note on Thursday, April 17th. They issued a "buy" rating and a $10.00 price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.