Equities Analysts Offer Predictions for GWRS FY2025 Earnings

Key Points

• Roth Capital has raised its FY2025 earnings per share estimate for Global Water Resources to $0.20, up from $0.19, while the current consensus estimate stands at $0.28 per share.
• Wall Street Zen downgraded Global Water Resources from a "hold" rating to a "sell" rating on August 18th.
• The company announced a dividend of $0.0253 payable on August 29th, despite having a payout ratio of 136.36%.

Global Water Resources, Inc. (NASDAQ:GWRS - Free Report) - Analysts at Roth Capital lifted their FY2025 EPS estimates for shares of Global Water Resources in a report released on Monday, August 18th. Roth Capital analyst G. Sweeney now expects that the utilities provider will post earnings per share of $0.20 for the year, up from their prior estimate of $0.19. The consensus estimate for Global Water Resources' current full-year earnings is $0.28 per share.

Separately, Wall Street Zen lowered shares of Global Water Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th.

Global Water Resources Stock Up 3.1%

Shares of GWRS traded up $0.30 during midday trading on Wednesday, reaching $10.03. The stock had a trading volume of 81,216 shares, compared to its average volume of 63,366. The company's fifty day simple moving average is $10.14 and its two-hundred day simple moving average is $10.46. 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 current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $275.52 million, a price-to-earnings ratio of 45.59, a PEG ratio of 3.04 and a beta of 1.05.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The utilities provider reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. Global Water Resources had a net margin of 10.27% and a return on equity of 9.67%. The business had revenue of $14.24 million for the quarter, compared to analyst estimates of $14.20 million.

Global Water Resources Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.0253 per share. This represents a yield of 310.0%. The ex-dividend date is Friday, August 15th. Global Water Resources's dividend payout ratio (DPR) is currently 136.36%.

Institutional Investors Weigh In On Global Water Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its stake in Global Water Resources by 9.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,675,000 shares of the utilities provider's stock worth $17,068,000 after acquiring an additional 150,000 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Global Water Resources during the first quarter worth about $4,640,000. North Star Investment Management Corp. grew its holdings in shares of Global Water Resources by 2.6% during the second quarter. North Star Investment Management Corp. now owns 351,448 shares of the utilities provider's stock worth $3,581,000 after buying an additional 8,855 shares during the last quarter. Redmond Asset Management LLC increased its position in Global Water Resources by 144.3% in the 2nd quarter. Redmond Asset Management LLC now owns 328,587 shares of the utilities provider's stock valued at $3,348,000 after acquiring an additional 194,091 shares during the period. Finally, Geode Capital Management LLC increased its position in Global Water Resources by 10.3% in the 2nd quarter. Geode Capital Management LLC now owns 299,330 shares of the utilities provider's stock valued at $3,050,000 after acquiring an additional 27,850 shares during the period. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Company Profile

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.