Consolidated Water (CWCO) Expected to Announce Quarterly Earnings on Wednesday

Consolidated Water (NASDAQ:CWCO) will likely be posting 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 participating in the company’s earnings conference call can do so using this link.

Consolidated Water Price Performance

Shares of CWCO stock opened at $27.15 on Wednesday. Consolidated Water has a 1 year low of $23.55 and a 1 year high of $33.34. The stock’s 50 day simple moving average is $26.90 and its two-hundred day simple moving average is $26.03. The company has a market cap 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.

Consolidated Water Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis 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 company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.