What is Zacks Research's Forecast for CWCO FY2024 Earnings?

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) - Equities researchers at Zacks Research increased their FY2024 earnings per share estimates for Consolidated Water in a research report issued on Thursday, November 28th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $1.26 per share for the year, up from their prior estimate of $1.25. The consensus estimate for Consolidated Water's current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Consolidated Water's Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.32 EPS, FY2025 earnings at $1.37 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $1.55 EPS.

Consolidated Water Stock Performance

Shares of CWCO stock traded down $0.27 during trading hours on Monday, hitting $26.66. 147,053 shares of the company were exchanged, compared to its average volume of 119,064. Consolidated Water has a fifty-two week low of $23.55 and a fifty-two week high of $37.85. The company has a 50 day simple moving average of $25.38 and a two-hundred day simple moving average of $26.21. The firm has a market cap of $422.16 million, a P/E ratio of 19.04, a P/E/G ratio of 2.66 and a beta of 0.16.

Hedge Funds Weigh In On Consolidated Water

Institutional investors have recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in Consolidated Water in the 2nd quarter valued at about $27,000. nVerses Capital LLC acquired a new stake in Consolidated Water in the third quarter valued at approximately $33,000. Copeland Capital Management LLC bought a new stake in shares of Consolidated Water during the third quarter valued at approximately $48,000. Stanley Laman Group Ltd. acquired a new position in shares of Consolidated Water during the third quarter worth approximately $53,000. Finally, SG Americas Securities LLC acquired a new position in shares of Consolidated Water during the third quarter worth approximately $132,000. Institutional investors and hedge funds own 55.16% of the company's stock.

Consolidated Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, January 2nd. Consolidated Water's dividend payout ratio (DPR) is currently 31.43%.

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.