Zacks Research Issues Pessimistic Outlook for CWCO Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) - Investment analysts at Zacks Research lowered their FY2025 earnings estimates for Consolidated Water in a research note issued on Tuesday, June 10th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.89 for the year, down from their prior estimate of $0.91. The consensus estimate for Consolidated Water's current full-year earnings is $1.27 per share.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $33.72 million during the quarter, compared to the consensus estimate of $32.30 million. Consolidated Water had a net margin of 23.06% and a return on equity of 12.98%.

Separately, Wall Street Zen raised shares of Consolidated Water from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Consolidated Water Stock Performance

Consolidated Water stock traded up $0.85 during mid-day trading on Friday, reaching $29.03. The company's stock had a trading volume of 133,456 shares, compared to its average volume of 109,530. The company has a market capitalization of $462.07 million, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.44 and a beta of 0.45. Consolidated Water has a 12 month low of $22.69 and a 12 month high of $29.88. The business's 50 day simple moving average is $25.38 and its 200 day simple moving average is $25.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Martingale Asset Management L P boosted its holdings in shares of Consolidated Water by 1.7% during the 1st quarter. Martingale Asset Management L P now owns 25,798 shares of the utilities provider's stock worth $632,000 after buying an additional 440 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Consolidated Water by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock worth $785,000 after buying an additional 467 shares during the period. Journey Strategic Wealth LLC boosted its holdings in shares of Consolidated Water by 7.0% during the 1st quarter. Journey Strategic Wealth LLC now owns 9,776 shares of the utilities provider's stock worth $239,000 after buying an additional 638 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Consolidated Water by 7.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider's stock worth $301,000 after buying an additional 764 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Consolidated Water by 13.0% during the 4th quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider's stock worth $179,000 after buying an additional 794 shares during the period. Institutional investors own 55.16% of the company's stock.

Consolidated Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 1st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, July 1st. This is an increase from Consolidated Water's previous quarterly dividend of $0.11. Consolidated Water's dividend payout ratio (DPR) is 34.57%.

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.