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

Global Water Resources (NASDAQ:GWRS) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%.

Global Water Resources Stock Down 0.2 %

GWRS traded down $0.02 on Wednesday, reaching $11.39. 25,832 shares of the company traded hands, compared to its average volume of 24,946. The company has a market cap of $275.89 million, a price-to-earnings ratio of 42.19, a PEG ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The stock’s 50 day moving average price is $11.53 and its 200-day moving average price is $12.23. Global Water Resources has a 52-week low of $11.05 and a 52-week high of $13.98.

Global Water Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Monday, March 17th. Global Water Resources’s dividend payout ratio is currently 111.11%.

Global Water Resources Company Profile

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.