Global Water Resources (GWRS) Releases Earnings Results, Misses Estimates By $0.01 EPS

Global Water Resources (NASDAQ:GWRS) posted its earnings results on Thursday. The utilities provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01), Fidelity Earnings reports. The company had revenue of $9.00 million during the quarter, compared to analysts’ expectations of $8.90 million. Global Water Resources had a net margin of 18.86% and a return on equity of 28.97%.

Shares of NASDAQ GWRS traded down $0.22 during mid-day trading on Friday, reaching $10.86. The company had a trading volume of 20,913 shares, compared to its average volume of 19,710. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $237.90 million, a price-to-earnings ratio of 90.50, a price-to-earnings-growth ratio of 3.89 and a beta of -0.19. Global Water Resources has a 52-week low of $8.40 and a 52-week high of $11.61.

The business also recently announced a monthly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.0239 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, December 13th. Global Water Resources’s dividend payout ratio (DPR) is 233.33%.

A number of research firms recently commented on GWRS. TheStreet downgraded shares of Global Water Resources from a “b-” rating to a “c+” rating in a research report on Monday. ValuEngine raised shares of Global Water Resources from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Finally, Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, August 14th.

In related news, Director Debra Coy bought 4,126 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were purchased at an average cost of $10.05 per share, with a total value of $41,466.30. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased a total of 7,430 shares of company stock worth $73,830 over the last ninety days. Insiders own 50.00% of the company’s stock.

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About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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Earnings History for Global Water Resources (NASDAQ:GWRS)

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