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 Trading Up 0.5 %

Shares of CWCO Stock traded up $0.07 on Tuesday, hitting $15.21. The company had a trading volume of 79,601 shares, compared to its average volume of 79,990. Consolidated Water has a twelve month low of $9.01 and a twelve month high of $15.78. The stock's 50-day moving average is $14.28 and its two-hundred day moving average is $12.01.

Consolidated Water (NASDAQ:CWCO - Get Rating) last released its earnings results on Thursday, May 12th. The utilities provider reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. The business had revenue of $19.56 million during the quarter, compared to the consensus estimate of $17.10 million. Consolidated Water had a net margin of 2.31% and a return on equity of 4.44%. On average, equities research analysts forecast that Consolidated Water will post 0.67 earnings per share for the current year.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 1st were issued a $0.085 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.34 annualized dividend and a yield of 2.24%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Consolidated Water

In other 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 value of $76,290.33. Following the completion of the transaction, the director now directly owns 30,639 shares of the company's stock, valued at approximately $440,282.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.58% of the company's stock.