Analysts Offer Predictions for Consolidated Water Co. Ltd.'s FY2024 Earnings (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) - Research analysts at Zacks Research upped their FY2024 earnings estimates for Consolidated Water in a note issued to investors on Wednesday, April 10th. Zacks Research analyst J. Saha now forecasts that the utilities provider will post earnings of $1.28 per share for the year, up from their prior estimate of $1.24. The consensus estimate for Consolidated Water's current full-year earnings is $1.28 per share. Zacks Research also issued estimates for Consolidated Water's Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.35 EPS, Q1 2026 earnings at $0.43 EPS and FY2026 earnings at $1.54 EPS.

Separately, StockNews.com upgraded shares of Consolidated Water from a "hold" rating to a "buy" rating in a research report on Wednesday, April 3rd.

Consolidated Water Trading Up 1.1 %

Shares of NASDAQ CWCO traded up $0.28 during trading on Thursday, reaching $24.63. The company had a trading volume of 104,375 shares, compared to its average volume of 143,773. Consolidated Water has a 52 week low of $16.50 and a 52 week high of $38.29. The business's 50 day moving average price is $28.79 and its 200-day moving average price is $31.43.

Consolidated Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 28th.

Institutional Investors Weigh In On Consolidated Water

Several institutional investors have recently modified their holdings of the business. Money Concepts Capital Corp acquired a new position in Consolidated Water during the fourth quarter valued at approximately $28,000. Thompson Siegel & Walmsley LLC acquired a new position in Consolidated Water during the third quarter valued at approximately $29,000. Ameritas Investment Partners Inc. acquired a new position in Consolidated Water during the second quarter valued at approximately $30,000. Creekmur Asset Management LLC acquired a new position in Consolidated Water during the fourth quarter valued at approximately $45,000. Finally, Wells Fargo & Company MN grew its holdings in Consolidated Water by 27.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 55.16% of the company's stock.

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.