Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) - Investment analysts at Zacks Research dropped their Q1 2024 earnings per share estimates for shares of Consolidated Water in a research note issued to investors on Wednesday, April 10th. Zacks Research analyst J. Saha now forecasts that the utilities provider will post earnings of $0.40 per share for the quarter, down from their previous forecast of $0.43. The consensus estimate for Consolidated Water's current full-year earnings is $1.29 per share. Zacks Research also issued estimates for Consolidated Water's Q2 2024 earnings at $0.37 EPS, Q4 2024 earnings at $0.26 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.50 EPS.
Separately, StockNews.com upgraded Consolidated Water from a "hold" rating to a "buy" rating in a report on Wednesday, April 3rd.
Check Out Our Latest Stock Report on CWCO
Consolidated Water Trading Up 0.1 %
CWCO stock traded up $0.03 during trading on Friday, hitting $24.66. The stock had a trading volume of 88,463 shares, compared to its average volume of 142,994. The company's 50 day moving average price is $28.79 and its two-hundred day moving average price is $31.43. Consolidated Water has a 1-year low of $16.50 and a 1-year high of $38.29.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp purchased a new stake in shares of Consolidated Water during the fourth quarter valued at $28,000. Thompson Siegel & Walmsley LLC acquired a new stake in Consolidated Water in the 3rd quarter valued at approximately $29,000. Ameritas Investment Partners Inc. bought a new stake in shares of Consolidated Water in the 2nd quarter worth approximately $30,000. Creekmur Asset Management LLC bought a new stake in shares of Consolidated Water in the 4th quarter worth approximately $45,000. Finally, Wells Fargo & Company MN lifted its position in shares of Consolidated Water by 27.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider's stock worth $46,000 after acquiring an additional 677 shares during the period. 55.16% of the stock is currently owned by institutional investors.
Consolidated Water Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, March 28th.
Consolidated Water Company Profile
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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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