Roth Capital Analysts Decrease Earnings Estimates for CWCO

Consolidated Water Co. Ltd. (NASDAQ:CWCO) – Equities research analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Consolidated Water in a report issued on Monday, November 18th. Roth Capital analyst G. Sweeney now forecasts that the utilities provider will post earnings of $1.24 per share for the year, down from their prior forecast of $1.26. The consensus estimate for Consolidated Water’s current full-year earnings is $1.25 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 Price Performance

Shares of NASDAQ CWCO opened at $26.35 on Thursday. The firm has a fifty day moving average of $25.21 and a 200 day moving average of $26.30. Consolidated Water has a one year low of $23.55 and a one year high of $38.29.

Institutional Investors Weigh In On Consolidated Water

Several large investors have recently bought and sold shares of the company. Farrow Financial Inc. boosted its stake in shares of Consolidated Water by 0.7% in the second 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 last quarter. Allspring Global Investments Holdings LLC boosted its stake in Consolidated Water by 0.9% during the 2nd 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 last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in Consolidated Water during the 2nd quarter worth $27,000. Russell Investments Group Ltd. grew its holdings in shares of Consolidated Water by 25.6% during the first quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock worth $148,000 after buying an additional 1,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Consolidated Water by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock valued at $1,088,000 after buying an additional 1,159 shares during the last quarter. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

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.