Zacks Research Has Positive Outlook of CWCO FY2024 Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Consolidated Water in a research note issued on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.26 for the year, up from their prior forecast of $1.25. The consensus estimate for Consolidated Water’s current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Consolidated Water’s Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.32 EPS, FY2025 earnings at $1.37 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $1.55 EPS.

Consolidated Water Stock Down 1.0 %

Shares of CWCO stock opened at $26.66 on Monday. The stock has a market cap of $422.16 million, a P/E ratio of 19.04, a P/E/G ratio of 2.66 and a beta of 0.16. Consolidated Water has a fifty-two week low of $23.55 and a fifty-two week high of $37.85. The business has a fifty day simple moving average of $25.38 and a 200-day simple moving average of $26.21.

Consolidated Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Thursday, January 2nd. Consolidated Water’s payout ratio is currently 31.43%.

Hedge Funds Weigh In On Consolidated Water

Institutional investors have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Consolidated Water in the second quarter worth approximately $27,000. nVerses Capital LLC acquired a new position in shares of Consolidated Water in the 3rd quarter valued at $33,000. Copeland Capital Management LLC purchased a new stake in shares of Consolidated Water during the 3rd quarter valued at $48,000. Stanley Laman Group Ltd. acquired a new stake in shares of Consolidated Water during the 3rd quarter worth $53,000. Finally, SG Americas Securities LLC purchased a new position in shares of Consolidated Water in the 3rd quarter worth $132,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

About Consolidated Water

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.