Roth Capital Has Negative Estimate for CWCO FY2024 Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Analysts at Roth Capital cut their FY2024 EPS estimates for Consolidated Water in a note issued to investors on Monday, November 18th. Roth Capital analyst G. Sweeney now anticipates that the utilities provider will post earnings per share of $1.24 for the year, down from their previous forecast 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 Stock Up 4.4 %

Consolidated Water stock opened at $27.44 on Thursday. Consolidated Water has a 52 week low of $23.55 and a 52 week high of $38.29. The company has a 50 day moving average price of $25.25 and a 200 day moving average price of $26.30.

Institutional Trading of Consolidated Water

Several hedge funds and other institutional investors have recently modified their holdings of CWCO. Farrow Financial Inc. boosted its position in Consolidated Water by 0.7% during the 2nd quarter. Farrow Financial Inc. now owns 90,636 shares of the utilities provider’s stock worth $2,405,000 after acquiring an additional 602 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Consolidated Water by 0.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock worth $1,823,000 after purchasing an additional 643 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in Consolidated Water during the second quarter valued at approximately $27,000. Russell Investments Group Ltd. increased its stake in Consolidated Water by 25.6% in the 1st quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock valued at $148,000 after buying an additional 1,029 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Consolidated Water by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock worth $1,088,000 after buying an additional 1,159 shares in the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Company Profile

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.