Global Water Resources (NASDAQ:GWRS) Releases Earnings Results, Misses Estimates By $0.02 EPS

Global Water Resources (NASDAQ:GWRS - Get Free Report) issued its earnings results on Wednesday. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. The company had revenue of $13.29 million for the quarter, compared to analysts' expectations of $12.70 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%.

Global Water Resources Price Performance

Shares of NASDAQ GWRS traded down $0.08 during trading on Friday, hitting $11.53. 68,348 shares of the company were exchanged, compared to its average volume of 24,896. Global Water Resources has a 1 year low of $11.05 and a 1 year high of $13.98. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The firm's fifty day moving average price is $11.53 and its 200 day moving average price is $12.22. The company has a market cap of $279.28 million, a price-to-earnings ratio of 42.70, a PEG ratio of 2.53 and a beta of 1.01.

Global Water Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0253 per share. The ex-dividend date is Monday, March 17th. This represents a $0.30 annualized dividend and a dividend yield of 2.64%. Global Water Resources's payout ratio is currently 111.11%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.