Media headlines about Global Water Resources (NASDAQ:GWRS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Water Resources earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.6171124831396 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms have recently commented on GWRS. Zacks Investment Research upgraded Global Water Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, August 14th. TheStreet upgraded Global Water Resources from a “c-” rating to a “b-” rating in a report on Thursday, August 9th.
Shares of GWRS stock traded up $0.01 on Thursday, reaching $9.93. 2,208 shares of the stock were exchanged, compared to its average volume of 16,966. The company has a market cap of $211.34 million, a price-to-earnings ratio of 82.74, a PEG ratio of 3.46 and a beta of -0.03. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 7.35. Global Water Resources has a 1-year low of $8.40 and a 1-year high of $10.50.
Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $10.84 million during the quarter, compared to the consensus estimate of $8.70 million. Global Water Resources had a return on equity of 28.97% and a net margin of 18.86%. analysts expect that Global Water Resources will post 0.19 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.0236 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 2.86%. Global Water Resources’s dividend payout ratio (DPR) is 233.33%.
In related news, Director Trevor T. Hill sold 8,500 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $9.09, for a total transaction of $77,265.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Debra Coy purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were acquired at an average cost of $9.77 per share, with a total value of $29,310.00. The disclosure for this purchase can be found here. 50.00% of the stock is currently owned by corporate insiders.
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, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Receive News & Ratings for Global Water Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Water Resources and related companies with MarketBeat.com's FREE daily email newsletter.