Analysts Anticipate Global Water Resources Inc (NASDAQ:GWRS) to Post $0.05 Earnings Per Share

Shares of Global Water Resources Inc (NASDAQ:GWRS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $12.00 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Global Water Resources an industry rank of 37 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Global Water Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Wednesday, May 15th.

Shares of Global Water Resources stock traded up $0.13 during midday trading on Friday, hitting $10.40. 1,008 shares of the company were exchanged, compared to its average volume of 21,960. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.79 and a quick ratio of 1.79. Global Water Resources has a 52 week low of $8.92 and a 52 week high of $11.61. The company has a market capitalization of $218.34 million, a PE ratio of 69.20, a price-to-earnings-growth ratio of 4.51 and a beta of -0.13.

Global Water Resources (NASDAQ:GWRS) last posted its earnings results on Wednesday, May 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Global Water Resources had a return on equity of 13.74% and a net margin of 9.58%. The firm had revenue of $7.72 million during the quarter, compared to analysts’ expectations of $8.30 million. Equities analysts anticipate that Global Water Resources will post 0.15 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.0239 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.29 annualized dividend and a dividend yield of 2.75%. Global Water Resources’s dividend payout ratio is currently 193.33%.

In other Global Water Resources news, Director Debra Coy bought 2,600 shares of the stock in a transaction on Friday, March 29th. The shares were acquired at an average price of $9.90 per share, with a total value of $25,740.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 45.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GWRS. BlackRock Inc. boosted its position in Global Water Resources by 3.5% in the 1st quarter. BlackRock Inc. now owns 510,322 shares of the utilities provider’s stock valued at $5,007,000 after buying an additional 17,344 shares during the period. Water Asset Management LLC increased its stake in Global Water Resources by 3.4% during the 4th quarter. Water Asset Management LLC now owns 459,912 shares of the utilities provider’s stock valued at $4,664,000 after purchasing an additional 14,917 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Global Water Resources by 7.2% in the third quarter. Vanguard Group Inc now owns 383,462 shares of the utilities provider’s stock worth $4,061,000 after acquiring an additional 25,649 shares during the period. Vanguard Group Inc. increased its stake in shares of Global Water Resources by 7.2% in the third quarter. Vanguard Group Inc. now owns 383,462 shares of the utilities provider’s stock worth $4,061,000 after acquiring an additional 25,649 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Global Water Resources by 3.9% during the first quarter. Wells Fargo & Company MN now owns 284,160 shares of the utilities provider’s stock worth $2,788,000 after buying an additional 10,646 shares in the last quarter. 29.58% of the stock is owned by institutional investors and hedge funds.

Global Water Resources Company Profile

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, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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