Consolidated Water (CWCO) Set to Announce Quarterly Earnings on Tuesday

Consolidated Water (NASDAQ:CWCO – Get Rating) is set to release its earnings data before the market opens on Tuesday, May 16th. Analysts expect Consolidated Water to post earnings of $0.20 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Consolidated Water Trading Up 2.9 %

Shares of NASDAQ:CWCO opened at $17.63 on Friday. The firm has a 50 day simple moving average of $16.28 and a 200-day simple moving average of $15.70. Consolidated Water has a twelve month low of $10.80 and a twelve month high of $20.58. The company has a market capitalization of $277.18 million, a PE ratio of 20.03, a P/E/G ratio of 2.34 and a beta of 0.20.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 3rd were paid a dividend of $0.085 per share. The ex-dividend date was Friday, March 31st. This represents a $0.34 annualized dividend and a yield of 1.93%. Consolidated Water’s dividend payout ratio is currently 38.64%.

Analyst Ratings Changes

Several equities research analysts recently commented on CWCO shares. StockNews.com upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Saturday, April 8th. TheStreet upgraded shares of Consolidated Water from a “c+” rating to a “b” rating in a research note on Thursday, April 6th. Finally, Roth Capital reiterated a “buy” rating on shares of Consolidated Water in a research note on Tuesday, April 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CWCO. Money Concepts Capital Corp acquired a new position in Consolidated Water in the fourth quarter valued at $28,000. Wells Fargo & Company MN boosted its holdings in shares of Consolidated Water by 27.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 677 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Consolidated Water by 2,719.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,045 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 2,937 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Consolidated Water in the first quarter valued at about $54,000. Finally, Barclays PLC boosted its holdings in shares of Consolidated Water by 723.7% in the fourth quarter. Barclays PLC now owns 7,117 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 6,253 shares in the last quarter. 43.78% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Company Profile

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Consolidated Water Co Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands.