Global Water Resources (NASDAQ:GWRS) Posts Earnings Results, Misses Expectations By $0.02 EPS

Global Water Resources (NASDAQ:GWRS) released its quarterly earnings results on Wednesday. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. The firm had revenue of $13.29 million for the quarter, compared to analysts’ expectations of $12.70 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%.

Global Water Resources Trading Up 1.9 %

Shares of GWRS stock opened at $11.61 on Friday. The company has a 50-day moving average of $11.53 and a two-hundred day moving average of $12.22. The firm has a market cap of $281.22 million, a PE ratio of 43.00, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. Global Water Resources has a 1-year low of $11.05 and a 1-year high of $13.98. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

Global Water Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, March 17th. Global Water Resources’s payout ratio is 111.11%.

About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.