Equities research analysts expect that Consolidated Water Co. Ltd. (NASDAQ:CWCO) will post sales of $15.25 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Consolidated Water’s earnings. The highest sales estimate is $15.50 million and the lowest is $15.00 million. Consolidated Water posted sales of $16.57 million in the same quarter last year, which would indicate a negative year over year growth rate of 8%. The firm is scheduled to announce its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Consolidated Water will report full-year sales of $61.70 million for the current financial year, with estimates ranging from $61.00 million to $62.40 million. For the next financial year, analysts forecast that the firm will report sales of $63.70 million, with estimates ranging from $63.00 million to $64.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Consolidated Water.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, August 13th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Consolidated Water had a return on equity of 5.38% and a net margin of 11.46%. The firm had revenue of $15.87 million during the quarter, compared to the consensus estimate of $15.70 million.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Consolidated Water from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research upgraded Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, August 16th.

In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was 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 SEC, which is available through the SEC website. 2.53% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Northern Trust Corp lifted its stake in Consolidated Water by 2.7% during the 2nd quarter. Northern Trust Corp now owns 175,189 shares of the utilities provider’s stock valued at $2,260,000 after acquiring an additional 4,626 shares in the last quarter. Bank of America Corp DE lifted its stake in Consolidated Water by 84.4% during the 2nd quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock valued at $653,000 after acquiring an additional 23,159 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Consolidated Water by 41.1% during the 2nd quarter. Renaissance Technologies LLC now owns 378,100 shares of the utilities provider’s stock valued at $4,877,000 after acquiring an additional 110,100 shares in the last quarter. BlackRock Inc. lifted its stake in Consolidated Water by 9.8% during the 2nd quarter. BlackRock Inc. now owns 802,044 shares of the utilities provider’s stock valued at $10,346,000 after acquiring an additional 71,379 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Consolidated Water by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,386 shares of the utilities provider’s stock valued at $1,476,000 after acquiring an additional 8,886 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company’s stock.

Shares of CWCO traded down $0.10 during trading hours on Monday, reaching $13.85. The stock had a trading volume of 2 shares, compared to its average volume of 38,260. Consolidated Water has a 12 month low of $11.20 and a 12 month high of $15.35. The stock has a market cap of $212.42 million, a P/E ratio of 28.37, a P/E/G ratio of 2.82 and a beta of 0.71.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 1st will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, September 28th. Consolidated Water’s dividend payout ratio is currently 69.39%.

Consolidated Water Company Profile

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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