Wall Street analysts forecast that Connecticut Water Service Inc (NASDAQ:CTWS) will announce earnings of $0.20 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Connecticut Water Service’s earnings. Connecticut Water Service reported earnings per share of ($0.10) during the same quarter last year, which would suggest a positive year over year growth rate of 300%. The firm is scheduled to report its next earnings report on Wednesday, May 8th.

According to Zacks, analysts expect that Connecticut Water Service will report full-year earnings of $2.30 per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $2.48 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Connecticut Water Service.

Connecticut Water Service (NASDAQ:CTWS) last announced its earnings results on Thursday, February 28th. The utilities provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The business had revenue of $25.64 million for the quarter. Connecticut Water Service had a net margin of 13.57% and a return on equity of 7.21%.

CTWS has been the subject of a number of recent analyst reports. Wells Fargo & Co initiated coverage on shares of Connecticut Water Service in a research report on Thursday, January 10th. They issued a “market perform” rating and a $66.00 price target for the company. BidaskClub upgraded shares of Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Zacks Investment Research lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, TheStreet lowered shares of Connecticut Water Service from a “b” rating to a “c+” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.50.

Several institutional investors and hedge funds have recently bought and sold shares of CTWS. BlackRock Inc. boosted its position in shares of Connecticut Water Service by 1.9% during the fourth quarter. BlackRock Inc. now owns 943,690 shares of the utilities provider’s stock worth $63,106,000 after acquiring an additional 17,517 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Connecticut Water Service by 7.7% during the third quarter. Vanguard Group Inc now owns 734,907 shares of the utilities provider’s stock worth $50,981,000 after acquiring an additional 52,256 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Connecticut Water Service by 7.7% during the third quarter. Vanguard Group Inc. now owns 734,907 shares of the utilities provider’s stock worth $50,981,000 after acquiring an additional 52,256 shares during the last quarter. Norges Bank bought a new position in shares of Connecticut Water Service during the fourth quarter worth $17,707,000. Finally, Renaissance Technologies LLC boosted its position in shares of Connecticut Water Service by 7.3% during the third quarter. Renaissance Technologies LLC now owns 221,200 shares of the utilities provider’s stock worth $15,345,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 51.20% of the company’s stock.

CTWS opened at $68.30 on Monday. The company has a market capitalization of $823.22 million, a price-to-earnings ratio of 29.83 and a beta of -0.02. Connecticut Water Service has a 1-year low of $62.05 and a 1-year high of $70.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.49 and a quick ratio of 0.47.

Connecticut Water Service Company Profile

Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings.

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