Consolidated Water (CWCO) Expected to Announce Earnings on Wednesday

Consolidated Water (NASDAQ:CWCO) is anticipated to post its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Consolidated Water to post earnings of $0.28 per share and revenue of $33.60 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Consolidated Water Trading Down 6.7 %

Shares of NASDAQ CWCO opened at $27.15 on Wednesday. The stock has a market capitalization of $429.92 million, a PE ratio of 16.76, a price-to-earnings-growth ratio of 2.44 and a beta of 0.19. The stock’s fifty day simple moving average is $26.90 and its two-hundred day simple moving average is $26.03. Consolidated Water has a 12-month low of $23.55 and a 12-month high of $33.34.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.62%. Consolidated Water’s dividend payout ratio (DPR) is presently 27.16%.

Insider Buying and Selling at Consolidated Water

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the sale, the chief executive officer now owns 271,995 shares in the company, valued at approximately $7,615,860. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.87% of the company’s stock.

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.