Consolidated Water (NASDAQ:CWCO) Posts Earnings Results, Beats Expectations By $0.09 EPS

Consolidated Water (NASDAQ:CWCO - Get Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09, Zacks reports. Consolidated Water had a net margin of 23.06% and a return on equity of 12.98%. The company had revenue of $33.72 million for the quarter, compared to the consensus estimate of $32.30 million.

Consolidated Water Price Performance

NASDAQ:CWCO traded up $0.59 on Thursday, hitting $26.06. 156,394 shares of the company's stock were exchanged, compared to its average volume of 111,763. The firm has a 50-day moving average price of $24.74 and a 200-day moving average price of $25.62. Consolidated Water has a 52 week low of $22.69 and a 52 week high of $30.32. The company has a market cap of $414.80 million, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39.

Consolidated Water Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.69%. Consolidated Water's payout ratio is currently 27.16%.

Insider Activity

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the sale, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.87% of the stock is owned by corporate insiders.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.