From American Banking & Market News August 13th, 2015

Consolidated Water Co. was downgraded by Zacks from a “hold” rating to a “sell” rating in a report released on Thursday, Analyst Ratings Net reports.

According to Zacks, “Consolidated Water Co. Ltd. intends to develop and operate seawater conversion plants and water distribution systems in areas of the world where naturally-occurring supplies of potable water are scarce or nonexistent. It currently operates a public water utility in certain areas of the Cayman Islands under a 20-year exclusive license from the Government of the Cayman Islands. The company has signed contracts for its first overseas operations in the Commonwealth of the Bahamas. (PRESS RELEASE) “

In other news, COO John Tonner sold 4,400 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.62, for a total value of $55,528.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Separately, Roth Capital reiterated a “buy” rating on shares of Consolidated Water Co. in a research report on Wednesday.

Shares of Consolidated Water Co. (NASDAQ:CWCO) traded down 2.60% on Thursday, hitting $11.63. The company had a trading volume of 99,714 shares. The company has a market cap of $171.54 million and a price-to-earnings ratio of 24.74. Consolidated Water Co. has a 12-month low of $8.41 and a 12-month high of $13.75. The company has a 50 day moving average of $12.58 and a 200-day moving average of $11.76.

Consolidated Water Co. (NASDAQ:CWCO) last released its earnings results on Tuesday, August 11th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.01. The business earned $14.50 million during the quarter, compared to analysts’ expectations of $16.40 million. On average, analysts forecast that Consolidated Water Co. will post $0.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was issued on Friday, July 31st. Stockholders of record on Wednesday, July 1st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.58%.

Consolidated Water Co. Ltd. develops and operates seawater desalination plants (NASDAQ:CWCO) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. The Company operates in three segments: retail water operations, bulk water operations and services operations. The Company’s retail water operations supply water to end-users, including residential, commercial and government customers. Its bulk water operations supply water to government-owned distributors. The Company’s retail and bulk operations serve customers in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia. Its services operations provide engineering and management services, which include the design and construction of desalination plants and the management and operation of desalination plants owned by affiliated companies.

To get a free copy of the research report on Consolidated Water Co. (CWCO), click here. For more information about research offerings from Zacks Investment Research, visit www.Zacks.com

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