Equity research analysts predict that Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Rating) will report earnings per share (EPS) of $0.09 for the current fiscal quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Consolidated Water. The highest EPS estimate is $0.11 and the lowest is $0.06. Consolidated Water posted earnings per share of $0.08 in the same quarter last year, suggesting a positive year-over-year growth rate of 12.5%. The company is expected to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Consolidated Water to report annual earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.48 to $0.57. For next year, analysts expect the company to post earnings of $0.74 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that provide coverage for Consolidated Water.

The CWCO has been the subject of several recent analyst reports. Roth Capital reissued a “buy” rating on Consolidated Water shares in a research report on Thursday, March 31. StockNews.com upgraded Consolidated Water’s shares from a “hold” rating to a “buy” rating in a Friday, April 8 report.

CWCO stock traded down $0.01 during Friday’s session, hitting $11.15. 33,073 shares of the stock were traded, against an average volume of 62,222. Consolidated Water has a 1-year low of $9.01 and a 1-year high of $13.20. The company’s 50-day moving average is $10.53 and its two-hundred-day moving average is $10.70.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Friday, April 1 will receive a dividend of $0.085 per share. This represents a dividend of $0.34 on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, March 31.

Several hedge funds and other institutional investors have recently changed their positions in the company. Byrne Asset Management LLC bought a new position in shares of Consolidated Water in the fourth quarter worth about $26,000. Abundance Wealth Counselors bought a new position in shares of Consolidated Water in the fourth quarter for a value of approximately $114,000. Clarus Wealth Advisors increased its holdings of Consolidated Water shares by 10.6% in the fourth quarter. Clarus Wealth Advisors now owns 14,451 shares of the utility provider worth $146,000 after buying 1,383 additional shares in the last quarter. Marshall Wace LLP bought a new position in shares of Consolidated Water in the fourth quarter for a value of approximately $207,000. Finally, Scotia Capital Inc. bought a new position in shares of Consolidated Water in the third quarter worth approximately $216,000. 43.12% of the shares are currently held by hedge funds and other institutional investors.

About Consolidated Water (Get an evaluation)

Consolidated Water Co Ltd., together with its subsidiaries, designs, builds, manages and operates water production and treatment plants primarily in the Cayman Islands, the Bahamas and the United States. The Company operates through four segments: retail, bulk, services and manufacturing.

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