Consolidated Water (CWCO) to Release Quarterly Earnings on Monday

Consolidated Water (NASDAQ:CWCO) is projected to issue its quarterly earnings data after the market closes on Monday, March 17th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $33.60 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Consolidated Water Trading Up 2.4 %

Shares of NASDAQ CWCO opened at $27.82 on Monday. The company has a market cap of $440.53 million, a price-to-earnings ratio of 17.17, a PEG ratio of 2.44 and a beta of 0.19. Consolidated Water has a 12 month low of $23.55 and a 12 month high of $33.34. The stock has a 50-day moving average price of $26.56 and a two-hundred day moving average price of $25.98.

Consolidated Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water’s payout ratio is 27.16%.

Insiders Place Their Bets

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.