Consolidated Water - CWCO Stock Forecast, Price & News

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. It uses reverse osmosis technology to produce potable water from seawater. The company produces and supplies water to end-users, including residential, commercial, and government customers, as well as government-owned distributors. It also provides design, engineering, construction, procurement, and management services for desalination projects and water treatment plants, as well as management and engineering services relating to municipal water distribution and treatment. In addition, the company manufactures and services a range of water-related products, including reverse osmosis desalination equipment, membrane separation equipment, filtration equipment, piping systems, vessels, and custom fabricated components; and provides design, engineering, consulting, management, inspection, training, and equipment maintenance services for commercial, municipal, and industrial water production, supply, and treatment, as well as desalination and wastewater treatment. Consolidated Water Co. Ltd. was incorporated in 1973 and is headquartered in Grand Cayman, the Cayman Islands.

Consolidated Water Price Performance

Consolidated Water stock opened at $14.69 on Friday. Consolidated Water has a 52 week low of $9.01 and a 52 week high of $15.78. The company's 50-day moving average price is $14.33 and its two-hundred day moving average price is $12.13.

Consolidated Water (NASDAQ:CWCO - Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The utilities provider reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. The business had revenue of $19.56 million for the quarter, compared to analyst estimates of $17.10 million. Consolidated Water had a net margin of 7.54% and a return on equity of 5.35%. Equities research analysts forecast that Consolidated Water will post 0.67 earnings per share for the current fiscal year.

Consolidated Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 1st were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, June 30th.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CWCO. TheStreet raised shares of Consolidated Water from a "c+" rating to a "b-" rating in a research note on Wednesday, June 8th. StockNews.com raised Consolidated Water from a "buy" rating to a "strong-buy" rating in a report on Tuesday, June 14th. Finally, Janney Montgomery Scott raised Consolidated Water from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 18th.

Insider Activity

In related news, Director Wilmer F. Pergande sold 5,309 shares of Consolidated Water stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $14.37, for a total transaction of $76,290.33. Following the transaction, the director now directly owns 30,639 shares of the company's stock, valued at $440,282.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.58% of the company's stock.