Equities Analysts Set Expectations for CWCO FY2024 Earnings

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Consolidated Water in a report issued on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $1.26 per share for the year, up from their prior estimate of $1.25. The consensus estimate for Consolidated Water’s current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Consolidated Water’s Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.32 EPS, FY2025 earnings at $1.37 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $1.55 EPS.

Consolidated Water Stock Down 0.5 %

CWCO opened at $26.93 on Monday. Consolidated Water has a 12-month low of $23.55 and a 12-month high of $37.85. The stock’s 50 day moving average price is $25.36 and its two-hundred day moving average price is $26.22.

Institutional Trading of Consolidated Water

A number of hedge funds have recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Consolidated Water during the 2nd quarter worth about $27,000. nVerses Capital LLC bought a new position in Consolidated Water during the third quarter valued at about $33,000. Copeland Capital Management LLC acquired a new position in Consolidated Water in the 3rd quarter valued at approximately $48,000. Stanley Laman Group Ltd. acquired a new stake in shares of Consolidated Water during the 3rd quarter worth approximately $53,000. Finally, SG Americas Securities LLC acquired a new position in shares of Consolidated Water in the third quarter valued at $132,000. 55.16% of the stock is owned by institutional investors.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, January 2nd.

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.