Consolidated Water (NASDAQ:CWCO) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• Consolidated Water (NASDAQ:CWCO) reported a quarterly **earnings per share (EPS)** of $0.32, exceeding analysts' expectations by **$0.12**.
• The company has increased its quarterly dividend to **$0.14**, reflecting a **1.9% yield**, up from the previous dividend of $0.11.
• Institutional investors own **55.16%** of the stock, with notable acquisitions and increased stakes from firms like **AQR Capital Management** and **Goldman Sachs** in the last quarter.

Consolidated Water (NASDAQ:CWCO - Get Free Report) released its quarterly earnings data on Monday. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.12, Zacks reports. Consolidated Water had a return on equity of 7.43% and a net margin of 20.75%.

Consolidated Water Trading Up 1.4%

Shares of NASDAQ:CWCO traded up $0.42 during trading on Monday, hitting $29.71. 82,277 shares of the company were exchanged, compared to its average volume of 95,278. The stock has a market cap of $472.98 million, a price-to-earnings ratio of 18.34 and a beta of 0.53. Consolidated Water has a fifty-two week low of $22.69 and a fifty-two week high of $31.30. The firm has a fifty day moving average price of $29.39 and a two-hundred day moving average price of $27.00.

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 1st were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. This is a boost from Consolidated Water's previous quarterly dividend of $0.11. Consolidated Water's payout ratio is 34.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in Consolidated Water in the 1st quarter valued at $130,000. Jane Street Group LLC bought a new stake in shares of Consolidated Water during the 1st quarter worth $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Consolidated Water by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,418 shares of the utilities provider's stock worth $304,000 after buying an additional 798 shares during the last quarter. AQR Capital Management LLC increased its holdings in Consolidated Water by 41.7% in the 1st quarter. AQR Capital Management LLC now owns 46,480 shares of the utilities provider's stock worth $1,138,000 after purchasing an additional 13,686 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Consolidated Water by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider's stock valued at $4,189,000 after buying an additional 13,061 shares during the period. 55.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Consolidated Water from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Consolidated Water Company Profile

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.

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