B. Riley Equities Analysts Lift Earnings Estimates for Cadiz

Cadiz Inc. (NASDAQ:CDZI - Free Report) - Investment analysts at B. Riley lifted their FY2024 EPS estimates for Cadiz in a research note issued to investors on Tuesday, November 5th. B. Riley analyst M. Crawford now expects that the company will post earnings of ($0.46) per share for the year, up from their previous estimate of ($0.47). The consensus estimate for Cadiz's current full-year earnings is ($0.47) per share. B. Riley also issued estimates for Cadiz's Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.33) EPS, Q1 2026 earnings at ($0.10) EPS, Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.09) EPS and FY2026 earnings at ($0.33) EPS.

Cadiz Stock Performance

Shares of CDZI traded down $0.19 during mid-day trading on Thursday, reaching $3.56. 304,810 shares of the company's stock traded hands, compared to its average volume of 192,549. Cadiz has a 12 month low of $2.12 and a 12 month high of $3.85. The stock has a market capitalization of $241.72 million, a P/E ratio of -7.35 and a beta of 0.85. The business's 50-day moving average price is $3.13 and its 200-day moving average price is $3.07. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.40 and a current ratio of 1.89.

Cadiz (NASDAQ:CDZI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Cadiz had a negative net margin of 1,095.05% and a negative return on equity of 77.51%. The firm had revenue of $0.51 million during the quarter, compared to the consensus estimate of $4.00 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Cadiz by 212.2% in the first quarter. BNP Paribas Financial Markets now owns 35,264 shares of the company's stock valued at $102,000 after buying an additional 23,968 shares during the period. Vanguard Group Inc. boosted its position in shares of Cadiz by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company's stock valued at $6,613,000 after purchasing an additional 113,834 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Cadiz by 70.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 41,000 shares of the company's stock worth $119,000 after purchasing an additional 17,000 shares during the last quarter. Levin Capital Strategies L.P. raised its holdings in shares of Cadiz by 116.2% in the 1st quarter. Levin Capital Strategies L.P. now owns 2,105,529 shares of the company's stock worth $6,106,000 after purchasing an additional 1,131,576 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in Cadiz during the second quarter valued at approximately $31,000. 79.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cadiz

In other Cadiz news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the purchase, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Cadiz Company Profile

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.