Global Water Resources (GWRS) Set to Announce Earnings on Wednesday

Posted by Editorial Team on May 6th, 2024

Global Water Resources (NASDAQ:GWRS – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Global Water Resources to post earnings of $0.04 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Global Water Resources (NASDAQ:GWRS – Get Free Report) last issued its earnings results on Wednesday, March 6th. The utilities provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $12.37 million during the quarter, compared to analyst estimates of $12.00 million. Global Water Resources had a net margin of 15.05% and a return on equity of 13.64%. During the same quarter last year, the business earned $0.04 earnings per share. On average, analysts expect Global Water Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global Water Resources Price Performance

Shares of NASDAQ:GWRS opened at $12.76 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $308.41 million, a PE ratio of 38.67, a P/E/G ratio of 2.74 and a beta of 0.98. Global Water Resources has a twelve month low of $9.34 and a twelve month high of $13.43. The company has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $12.19.

Global Water Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.30 dividend on an annualized basis and a yield of 2.35%. Global Water Resources’s dividend payout ratio is presently 90.91%.

Global Water Resources Company Profile

(Get Free Report)

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.