Consolidated Water (NASDAQ:CWCO) announced its earnings results on Friday. The utilities provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.15, Fidelity Earnings reports. Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%. The business had revenue of $18.82 million during the quarter, compared to analysts’ expectations of $15.25 million.
CWCO stock traded up $0.28 during midday trading on Friday, reaching $12.54. 40,051 shares of the company’s stock traded hands, compared to its average volume of 31,429. Consolidated Water has a 52-week low of $11.20 and a 52-week high of $15.35. The stock has a market cap of $177.72 million, a P/E ratio of 25.59, a P/E/G ratio of 2.36 and a beta of 0.75.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st were issued a dividend of $0.085 per share. The ex-dividend date was Friday, September 28th. This represents a $0.34 dividend on an annualized basis and a yield of 2.71%. Consolidated Water’s dividend payout ratio is currently 69.39%.
CWCO has been the subject of a number of research reports. ValuEngine raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research raised shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, August 16th.
In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $14.20, for a total transaction of $241,556.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.53% of the stock is currently owned by corporate insiders.
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About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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