FY2024 EPS Estimates for Consolidated Water Co. Ltd. Lifted by Analyst (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Analysts at Zacks Research increased their FY2024 EPS estimates for Consolidated Water in a research note issued to investors on Wednesday, April 10th. Zacks Research analyst J. Saha now anticipates that the utilities provider will post earnings of $1.28 per share for the year, up from their prior forecast of $1.24. The consensus estimate for Consolidated Water’s current full-year earnings is $1.28 per share. Zacks Research also issued estimates for Consolidated Water’s Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.35 EPS, Q1 2026 earnings at $0.43 EPS and FY2026 earnings at $1.54 EPS.

Separately, StockNews.com raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Consolidated Water Price Performance

CWCO stock opened at $24.63 on Thursday. The firm has a 50-day simple moving average of $28.79 and a 200-day simple moving average of $31.43. Consolidated Water has a 52 week low of $16.50 and a 52 week high of $38.29.

Hedge Funds Weigh In On Consolidated Water

Large investors have recently made changes to their positions in the stock. Money Concepts Capital Corp acquired a new position in shares of Consolidated Water in the 4th quarter worth approximately $28,000. Thompson Siegel & Walmsley LLC purchased a new stake in Consolidated Water during the 3rd quarter worth approximately $29,000. Ameritas Investment Partners Inc. purchased a new stake in Consolidated Water during the 2nd quarter worth approximately $30,000. Creekmur Asset Management LLC purchased a new stake in Consolidated Water during the 4th quarter worth approximately $45,000. Finally, Wells Fargo & Company MN increased its stake in Consolidated Water by 27.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider’s stock worth $46,000 after buying an additional 677 shares during the period. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.38 annualized dividend and a dividend yield of 1.54%.

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.