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NASDAQ:GWRS

Global Water Resources - GWRS Stock Forecast, Price & News

$13.97
-0.12 (-0.85%)
(As of 12/9/2022 01:16 PM ET)
Add
Compare
Today's Range
$13.97
$14.07
50-Day Range
$10.95
$14.09
52-Week Range
$10.61
$17.81
Volume
238 shs
Average Volume
21,214 shs
Market Capitalization
$333.46 million
P/E Ratio
63.50
Dividend Yield
2.10%
Price Target
$17.00

Global Water Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.7% Upside
$17.00 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
14.29%
From $0.21 to $0.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Utilities Sector

7th out of 87 stocks

Water Supply Industry

2nd out of 12 stocks

GWRS stock logo

About Global Water Resources (NASDAQ:GWRS) Stock

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2020, it served approximately 74,048 people in approximately 27,630 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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GWRS Stock News Headlines

Earnings Preview For Global Water Resources
PHO: U.S.-Centered Water Play Is Valued Horribly
GWRS Global Water Resources, Inc.
See More Headlines
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GWRS Company Calendar

Last Earnings
5/05/2021
Ex-Dividend for 11/30 Dividend
11/15/2022
Dividend Payable
11/30/2022
Today
12/09/2022
Ex-Dividend for 12/29 Dividend
12/14/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/09/2023

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
N/A
Sector
Utilities
Current Symbol
NASDAQ:GWRS
Employees
86
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.00
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+21.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$3.61 million
Pretax Margin
13.80%

Debt

Sales & Book Value

Annual Sales
$41.91 million
Cash Flow
$0.53 per share
Book Value
$1.33 per share

Miscellaneous

Free Float
13,102,000
Market Cap
$333.46 million
Optionable
Not Optionable
Beta
0.72

Key Executives

  • Mr. Ron L. Fleming (Age 42)
    Chairman, CEO & Pres
    Comp: $548.41k
  • Mr. Michael J. Liebman (Age 45)
    Sr. VP, CFO & Corp. Sec.
    Comp: $411.6k
  • Mr. Christopher D. KrygierMr. Christopher D. Krygier (Age 38)
    Chief Strategy Officer
    Comp: $268.65k
  • Ms. Joanne Ellsworth (Age 56)
    Exec. VP of Corp. Affairs
  • Mr. John Carroll Lenderking (Age 48)
    Sr. VP of Water Resources & Legislative Affairs
  • Ms. Suzanne Michelle Kitts (Age 56)
    Controller













GWRS Stock - Frequently Asked Questions

Should I buy or sell Global Water Resources stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Water Resources in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GWRS shares.
View GWRS analyst ratings
or view top-rated stocks.

What is Global Water Resources' stock price forecast for 2023?

1 equities research analysts have issued 1-year target prices for Global Water Resources' shares. Their GWRS share price forecasts range from $17.00 to $17.00. On average, they expect the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
View analysts price targets for GWRS
or view top-rated stocks among Wall Street analysts.

How have GWRS shares performed in 2022?

Global Water Resources' stock was trading at $17.10 at the beginning of the year. Since then, GWRS shares have decreased by 18.3% and is now trading at $13.97.
View the best growth stocks for 2022 here
.

Are investors shorting Global Water Resources?

Global Water Resources saw a drop in short interest in November. As of November 15th, there was short interest totaling 92,200 shares, a drop of 20.6% from the October 31st total of 116,100 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.0% of the company's stock are short sold.
View Global Water Resources' Short Interest
.

When is Global Water Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our GWRS earnings forecast
.

How were Global Water Resources' earnings last quarter?

Global Water Resources, Inc. (NASDAQ:GWRS) posted its quarterly earnings results on Wednesday, May, 5th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The utilities provider had revenue of $9.26 million for the quarter, compared to the consensus estimate of $9 million. Global Water Resources had a net margin of 11.44% and a trailing twelve-month return on equity of 14.95%.

How often does Global Water Resources pay dividends? What is the dividend yield for Global Water Resources?

Global Water Resources announced a monthly dividend on Wednesday, November 30th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.025 per share on Thursday, December 29th. This represents a $0.30 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for GWRS
.

Is Global Water Resources a good dividend stock?

Global Water Resources (NASDAQ:GWRS) pays an annual dividend of $0.29 per share and currently has a dividend yield of 2.10%. 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 131.82%. 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 120.83% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GWRS.

What is Trevor T. Hill's approval rating as Global Water Resources' CEO?

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.

What other stocks do shareholders of Global Water Resources own?

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).

When did Global Water Resources IPO?

(GWRS) raised $8 million in an initial public offering 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.

What is Global Water Resources' stock symbol?

Global Water Resources trades on the NASDAQ under the ticker symbol "GWRS."

Who are Global Water Resources' major shareholders?

Global Water Resources' stock is owned by many different retail and institutional investors. Top institutional investors include Polar Asset Management Partners Inc. (6.21%), Handelsbanken Fonder AB (4.50%), BlackRock Inc. (2.78%), Vanguard Group Inc. (1.77%), Handelsinvest Investeringsforvaltning (1.70%) and Renaissance Technologies LLC (1.11%). Insiders that own company stock include Andrew M Cohn, Brett Huckelbridge, Christopher D Krygier, Debra Coy and Jodee Benson.
View institutional ownership trends
.

How do I buy shares of Global Water Resources?

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.
Compare Top Brokerages Here.

What is Global Water Resources' stock price today?

One share of GWRS stock can currently be purchased for approximately $13.97.

How much money does Global Water Resources make?

Global Water Resources (NASDAQ:GWRS) has a market capitalization of $333.46 million and generates $41.91 million in revenue each year. The utilities provider earns $3.61 million in net income (profit) each year or $0.22 on an earnings per share basis.

How can I contact Global Water Resources?

Global Water Resources' mailing address is 21410 N. 19th Avenue Suite 220, Phoenix AZ, 85027. The official website for the company is www.gwresources.com. The utilities provider can be reached via phone at (480) 360-7775, via email at gwrs@cma.team, or via fax at 623-580-9659.

This page (NASDAQ:GWRS) was last updated on 12/9/2022 by MarketBeat.com Staff