Consolidated Water (CWCO) Projected to Post Earnings on Wednesday

Consolidated Water (NASDAQ:CWCO) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $33.60 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Consolidated Water Stock Performance

Shares of NASDAQ:CWCO opened at $26.50 on Monday. The firm has a 50 day simple moving average of $27.01 and a 200 day simple moving average of $26.04. Consolidated Water has a 52 week low of $23.55 and a 52 week high of $33.34. The company has a market cap of $420.69 million, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.44 and a beta of 0.19.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, April 1st. Consolidated Water’s dividend payout ratio (DPR) is currently 27.16%.

Insider Activity

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the sale, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. This represents a 0.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.87% of the stock is currently owned by corporate insiders.

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.