Equities Analysts Issue Forecasts for CWCO FY2024 Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Investment analysts at Roth Capital decreased their FY2024 EPS estimates for Consolidated Water in a research note issued to investors on Monday, November 18th. Roth Capital analyst G. Sweeney now expects that the utilities provider will post earnings per share of $1.24 for the year, down from their previous estimate of $1.26. The consensus estimate for Consolidated Water’s current full-year earnings is $1.27 per share. Roth Capital also issued estimates for Consolidated Water’s Q4 2024 earnings at $0.26 EPS and Q2 2025 earnings at $0.30 EPS.

Consolidated Water Trading Down 0.2 %

CWCO stock opened at $26.29 on Thursday. The firm has a 50 day moving average price of $25.24 and a 200-day moving average price of $26.30. Consolidated Water has a 52-week low of $23.55 and a 52-week high of $38.29.

Institutional Investors Weigh In On Consolidated Water

A number of large investors have recently added to or reduced their stakes in the stock. AltraVue Capital LLC boosted its stake in shares of Consolidated Water by 15.1% during the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock worth $19,762,000 after acquiring an additional 97,740 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Consolidated Water by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock valued at $10,669,000 after buying an additional 20,394 shares in the last quarter. State Street Corp lifted its stake in shares of Consolidated Water by 1.8% during the 3rd quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock valued at $8,392,000 after buying an additional 5,976 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Consolidated Water by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 323,906 shares of the utilities provider’s stock valued at $9,494,000 after buying an additional 9,837 shares in the last quarter. Finally, Legato Capital Management LLC lifted its stake in shares of Consolidated Water by 16.5% during the 2nd quarter. Legato Capital Management LLC now owns 149,525 shares of the utilities provider’s stock valued at $3,968,000 after buying an additional 21,140 shares in the last quarter. Institutional investors own 55.16% 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.