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

Global Water Resources' stock was trading at $13.08 at the beginning of 2024. Since then, GWRS shares have decreased by 8.2% and is now trading at $12.01.
View the best growth stocks for 2024 here.

Global Water Resources saw a decline in short interest in March. As of March 31st, there was short interest totaling 90,900 shares, a decline of 7.7% from the March 15th total of 98,500 shares. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is presently 3.5 days. Approximately 0.8% of the company's shares are sold short.
View Global Water Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our GWRS earnings forecast.

Global Water Resources, Inc. (NASDAQ:GWRS) announced its quarterly earnings results on Wednesday, March, 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The utilities provider earned $12.37 million during the quarter, compared to the consensus estimate of $12 million. Global Water Resources had a net margin of 15.05% and a trailing twelve-month return on equity of 13.64%. During the same quarter in the prior year, the business posted $0.04 EPS.

Global Water Resources declared a monthly dividend on Thursday, March 28th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.025 per share on Tuesday, April 30th. This represents a $0.30 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, April 15th.
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 2.47%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 90.91%. 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 88.24% 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 29,901 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).

Global Water Resources (GWRS) raised $8 million in an initial public offering on Thursday, April 28th 2016. The company issued 1,200,000 shares at a price of $6.25 per share. Roth Capital Partners served as the underwriter for the IPO.

Shares of GWRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.