Global Water Resources (GWRS) to Release Earnings on Thursday

Global Water Resources (NASDAQ:GWRS) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Global Water Resources had a net margin of 11.91% and a return on equity of 13.45%. The company had revenue of $13.51 million for the quarter, compared to analysts’ expectations of $13.60 million. During the same period in the previous year, the business earned $0.07 EPS. On average, analysts expect Global Water Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global Water Resources Stock Performance

Shares of GWRS stock opened at $12.44 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.53. The company has a 50 day moving average price of $12.58 and a 200-day moving average price of $12.48. Global Water Resources has a 52 week low of $9.60 and a 52 week high of $13.42. The firm has a market capitalization of $301.30 million, a PE ratio of 47.85, a P/E/G ratio of 3.06 and a beta of 0.96.

Global Water Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.025 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, November 13th. Global Water Resources’s payout ratio is currently 115.39%.

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.