Consolidated Water (NASDAQ:CWCO) Releases Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Consolidated Water reported quarterly EPS of $0.25, beating analysts’ consensus estimate of $0.22 by $0.03. The company posted a 13.50% net margin and 7.81% return on equity.
• The stock closed at $30.24, down $0.25, with a market capitalization of approximately $483.8 million. Shares remain below their 12-month high of $39.12.
• Consolidated Water declared a quarterly dividend of $0.14, equivalent to $0.56 annually and a 1.9% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $40.00.

Consolidated Water (NASDAQ:CWCO - Get Free Report) posted its earnings results on Monday. The utilities provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03, Zacks reports. Consolidated Water had a return on equity of 7.81% and a net margin of 13.50%.

Consolidated Water Price Performance

NASDAQ CWCO traded down $0.25 on Monday, hitting $30.24. The company had a trading volume of 76,909 shares, compared to its average volume of 116,450. Consolidated Water has a 12-month low of $28.17 and a 12-month high of $39.12. The company's fifty day moving average price is $29.52 and its 200-day moving average price is $32.55. The company has a market capitalization of $483.84 million, a PE ratio of 33.60 and a beta of 0.51.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. Consolidated Water's dividend payout ratio (DPR) is currently 62.22%.

Analyst Ratings Changes

CWCO has been the subject of a number of analyst reports. Wall Street Zen downgraded Consolidated Water from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Consolidated Water from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Consolidated Water by 1.5% in the third quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider's stock worth $34,114,000 after buying an additional 13,951 shares in the last quarter. Invesco Ltd. boosted its holdings in Consolidated Water by 6.9% in the 3rd quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider's stock valued at $11,147,000 after purchasing an additional 20,264 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Consolidated Water by 8.3% in the 1st 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. First Trust Advisors LP increased its holdings in shares of Consolidated Water by 4.6% during the 2nd quarter. First Trust Advisors LP now owns 48,301 shares of the utilities provider's stock worth $1,450,000 after buying an additional 2,126 shares during the last quarter. Finally, Trexquant Investment LP raised its position in shares of Consolidated Water by 1.4% during the 4th quarter. Trexquant Investment LP now owns 47,162 shares of the utilities provider's stock valued at $1,664,000 after buying an additional 650 shares during the period. 55.16% of the stock is owned by institutional investors and hedge funds.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.

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