Global Water Resources, Inc. (NASDAQ:GWRS - Free Report) - Equities researchers at Roth Capital upped their FY2025 earnings estimates for shares of Global Water Resources in a research report issued to clients and investors on Monday, August 18th. Roth Capital analyst G. Sweeney now forecasts that the utilities provider will post earnings per share of $0.20 for the year, up from their prior forecast of $0.19. The consensus estimate for Global Water Resources' current full-year earnings is $0.28 per share.
Separately, Wall Street Zen cut Global Water Resources from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.
Get Our Latest Analysis on Global Water Resources
Global Water Resources Stock Down 2.0%
GWRS traded down $0.2050 during mid-day trading on Wednesday, reaching $9.8250. 8,976 shares of the stock were exchanged, compared to its average volume of 47,180. The stock has a market capitalization of $269.92 million, a PE ratio of 44.67, a price-to-earnings-growth ratio of 3.04 and a beta of 1.05. Global Water Resources has a 1 year low of $9.37 and a 1 year high of $13.98. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $10.45.
Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. The business had revenue of $14.24 million during the quarter, compared to analyst estimates of $14.20 million. Global Water Resources had a net margin of 10.27% and a return on equity of 9.67%.
Global Water Resources Announces Dividend
The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.0253 per share. This represents a dividend yield of 310.0%. The ex-dividend date of this dividend is Friday, August 15th. Global Water Resources's dividend payout ratio is 136.36%.
Institutional Trading of Global Water Resources
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in Global Water Resources in the second quarter worth $27,000. Tower Research Capital LLC TRC lifted its holdings in Global Water Resources by 258.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 2,812 shares during the period. Jane Street Group LLC purchased a new stake in shares of Global Water Resources during the first quarter worth approximately $109,000. Blair William & Co. IL purchased a new stake in Global Water Resources in the 1st quarter valued at $113,000. Finally, Atria Investments Inc acquired a new position in Global Water Resources during the 2nd quarter worth about $160,000. Hedge funds and other institutional investors own 27.91% of the company's stock.
About Global Water Resources
(
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Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
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