Roth Capital Issues Pessimistic Forecast for Cadiz Earnings

Cadiz Inc. (NASDAQ:CDZI - Free Report) - Stock analysts at Roth Capital reduced their FY2025 earnings per share (EPS) estimates for Cadiz in a report issued on Thursday, May 22nd. Roth Capital analyst G. Sweeney now anticipates that the company will post earnings of $0.24 per share for the year, down from their prior forecast of $0.28. Roth Capital currently has a "Buy" rating and a $10.00 price objective on the stock. The consensus estimate for Cadiz's current full-year earnings is ($0.47) per share. Roth Capital also issued estimates for Cadiz's Q4 2025 earnings at $0.53 EPS.

Separately, Wall Street Zen upgraded Cadiz to a "sell" rating in a research note on Wednesday, March 5th.

Cadiz Stock Performance

CDZI traded down $0.06 on Monday, hitting $2.79. 263,006 shares of the stock traded hands, compared to its average volume of 401,085. Cadiz has a 52 week low of $2.13 and a 52 week high of $5.68. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. The firm has a market capitalization of $228.43 million, a PE ratio of -5.47 and a beta of 1.77. The business has a fifty day moving average price of $2.83 and a two-hundred day moving average price of $3.82.

Cadiz (NASDAQ:CDZI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. The business had revenue of $2.95 million for the quarter, compared to analyst estimates of $4.77 million.

Institutional Trading of Cadiz

A number of hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Cadiz by 7.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company's stock worth $311,000 after purchasing an additional 3,922 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Cadiz by 31.6% in the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company's stock valued at $103,000 after acquiring an additional 4,737 shares during the period. Barclays PLC boosted its position in shares of Cadiz by 10.8% in the fourth quarter. Barclays PLC now owns 66,724 shares of the company's stock valued at $347,000 after acquiring an additional 6,507 shares during the period. Wells Fargo & Company MN boosted its position in shares of Cadiz by 45.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company's stock valued at $112,000 after acquiring an additional 6,707 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Cadiz by 11.9% in the fourth quarter. Bank of New York Mellon Corp now owns 101,719 shares of the company's stock valued at $529,000 after acquiring an additional 10,790 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

About Cadiz

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.