Q4 2024 EPS Estimates for Consolidated Water Co. Ltd. (NASDAQ:CWCO) Lowered by Zacks Research

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Equities research analysts at Zacks Research reduced their Q4 2024 earnings estimates for shares of Consolidated Water in a report released on Wednesday, September 4th. Zacks Research analyst T. Sarawagi now forecasts that the utilities provider will post earnings of $0.29 per share for the quarter, down from their previous forecast of $0.30. The consensus estimate for Consolidated Water’s current full-year earnings is $1.25 per share. Zacks Research also issued estimates for Consolidated Water’s Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.47 EPS.

Separately, StockNews.com downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Consolidated Water Stock Down 3.2 %

CWCO stock opened at $24.95 on Thursday. Consolidated Water has a twelve month low of $23.70 and a twelve month high of $38.29. The company has a market cap of $394.93 million, a price-to-earnings ratio of 17.25, a P/E/G ratio of 2.71 and a beta of 0.17. The business has a 50 day moving average price of $27.07 and a two-hundred day moving average price of $27.13.

Institutional Investors Weigh In On Consolidated Water

Several hedge funds have recently bought and sold shares of the stock. GoalVest Advisory LLC bought a new position in shares of Consolidated Water during the first quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Consolidated Water during the second quarter worth $27,000. Creekmur Asset Management LLC acquired a new stake in shares of Consolidated Water during the fourth quarter worth $45,000. USA Financial Formulas bought a new stake in shares of Consolidated Water in the fourth quarter valued at about $108,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Consolidated Water in the fourth quarter valued at about $143,000. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Consolidated Water

In related news, Director Clarence B. Flowers sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $25.04, for a total transaction of $67,608.00. Following the transaction, the director now directly owns 300,500 shares of the company’s stock, valued at approximately $7,524,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.87% of the company’s stock.

Consolidated Water Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. Consolidated Water’s payout ratio is 29.93%.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.