Global Water Resources Stock Price, News & Analysis (NASDAQ:GWRS)

Global Water Resources' stock was trading at $13.28 at the start of the year. Since then, GWRS shares have decreased by 6.0% and is now trading at $12.48.
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Global Water Resources saw a increase in short interest in November. As of November 15th, there was short interest totaling 76,500 shares, an increase of 36.9% from the October 31st total of 55,900 shares. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.7% of the shares of the company are sold short.
View Global Water Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
View our GWRS earnings forecast.

Global Water Resources, Inc. (NASDAQ:GWRS) posted its quarterly earnings data on Wednesday, November, 8th. The utilities provider reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The utilities provider earned $14.53 million during the quarter, compared to analysts' expectations of $13.60 million. Global Water Resources had a net margin of 14.81% and a trailing twelve-month return on equity of 12.60%. During the same period in the previous year, the company posted $0.07 earnings per share.

Global Water Resources declared a monthly dividend on Thursday, November 30th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.025 per share on Thursday, December 28th. This represents a $0.30 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, December 13th.
Read our dividend analysis for GWRS.

Global Water Resources (NASDAQ:GWRS) pays an annual dividend of $0.30 per share and currently has a dividend yield of 2.46%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 93.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GWRS will have a dividend payout ratio of 100.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GWRS.

Invesco Water Resources ETF holds 28,490 shares of GWRS stock, representing 0.02% of its portfolio.

3 employees have rated Global Water Resources Chief Executive Officer Trevor T. Hill on Glassdoor.com. Trevor T. Hill has an approval rating of 37% among the company's employees. This puts Trevor T. Hill in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Water Resources investors own include Range Resources (RRC), Williams Companies (WMB), Callon Petroleum (CPE), Coeur Mining (CDE), Alerian MLP ETF (AMLP), American Water Works (AWK), Gilead Sciences (GILD), Ambev (ABEV), Ford Motor (F) and OFG Bancorp (OFG).

(GWRS) raised $8 million in an IPO on Thursday, April 28th 2016. The company issued 1,200,000 shares at $6.25 per share. Roth Capital Partners acted as the underwriter for the IPO.

Global Water Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Handelsbanken Fonder AB (5.83%), Claret Asset Management Corp (1.14%), Kennedy Capital Management LLC (0.73%), Bank of New York Mellon Corp (0.60%), Panagora Asset Management Inc. (0.33%) and Invesco Ltd. (0.22%). Insiders that own company stock include Andrew M Cohn, Christopher D Krygier, Debra Coy and Jodee Benson.
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Shares of GWRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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