Cadiz (NASDAQ:CDZI) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Cadiz (NASDAQ:CDZI - Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06), Zacks reports. The firm had revenue of $4.75 million during the quarter, compared to analyst estimates of $8.44 million. Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%.

Cadiz Stock Down 0.2 %

CDZI traded down $0.01 during trading on Tuesday, hitting $2.93. The company had a trading volume of 145,432 shares, compared to its average volume of 359,017. The company has a market cap of $222.19 million, a PE ratio of -5.75 and a beta of 0.96. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. Cadiz has a 1-year low of $2.12 and a 1-year high of $5.68. The business has a 50-day moving average of $4.27 and a 200-day moving average of $3.95.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cadiz to a "sell" rating in a research note on Wednesday, March 5th.

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.