Global Water Resources - GWRS Stock Forecast, Price & News

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.

1 brokers have issued twelve-month target prices for Global Water Resources' shares. Their GWRS share price forecasts range from $17.00 to $17.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 36.9% from the stock's current price.
View analysts price targets for GWRS or view top-rated stocks among Wall Street analysts.

Global Water Resources' stock was trading at $13.28 at the beginning of 2023. Since then, GWRS shares have decreased by 6.5% and is now trading at $12.42.
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Global Water Resources saw a increase in short interest in March. As of March 15th, there was short interest totaling 76,500 shares, an increase of 13.8% from the February 28th total of 67,200 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is presently 3.2 days. Currently, 0.7% of the shares of the stock are sold short.
View Global Water Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our GWRS earnings forecast.

Global Water Resources, Inc. (NASDAQ:GWRS) issued its quarterly earnings data on Wednesday, May, 5th. The utilities provider reported ($0.01) 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 12.31% and a trailing twelve-month return on equity of 14.79%.

Global Water Resources declared a monthly dividend on Tuesday, February 28th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.025 per share on Friday, March 31st. This represents a $0.30 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for GWRS.

ETFs with the largest weight of Global Water Resources (NASDAQ:GWRS) stock in their portfolio include Strategy Shares Halt Climate Change ETF (NZRO) and Invesco Water Resources ETF (PHO).

Global Water Resources (NASDAQ:GWRS) pays an annual dividend of $0.30 per share and currently has a dividend yield of 2.38%. 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 125.00%. 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 107.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GWRS.

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 a price of $6.25 per share. Roth Capital Partners acted as the underwriter for the IPO.

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

Global Water Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include CLARET ASSET MANAGEMENT Corp (1.17%), Renaissance Technologies LLC (0.96%), Geode Capital Management LLC (0.93%), Wells Fargo & Company MN (0.88%), Dimensional Fund Advisors LP (0.37%) and Select Equity Group L.P. (0.31%). Insiders that own company stock include Andrew M Cohn, Brett Huckelbridge, Christopher D Krygier, Debra Coy and Jodee Benson.
View institutional ownership trends.

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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One share of GWRS stock can currently be purchased for approximately $12.42.

Global Water Resources (NASDAQ:GWRS) has a market capitalization of $296.47 million and generates $44.73 million in revenue each year. The utilities provider earns $5.51 million in net income (profit) each year or $0.24 on an earnings per share basis.

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.