Global Water Resources (GWR) to Release Quarterly Earnings on Thursday

Global Water Resources (TSE:GWRGet Rating) will be issuing its quarterly earnings data before the market opens on Thursday, August 11th. Analysts expect the company to announce earnings of C$0.07 per share for the quarter.

Global Water Resources (TSE:GWRGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported C$0.05 EPS for the quarter, beating analysts’ consensus estimates of C($0.01) by C$0.06. The business had revenue of C$12.70 million for the quarter, compared to the consensus estimate of C$12.60 million.

Global Water Resources Trading Up 8.0 %

Shares of GWR stock opened at C$18.30 on Thursday. The stock has a market capitalization of C$415.72 million and a price-to-earnings ratio of 67.78. Global Water Resources has a 12-month low of C$16.47 and a 12-month high of C$25.75. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 381.22. The stock’s 50-day moving average price is C$17.51 and its 200-day moving average price is C$18.75.

Global Water Resources Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.063 per share. The ex-dividend date is Tuesday, August 16th. This is an increase from Global Water Resources’s previous monthly dividend of $0.03. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.13%. Global Water Resources’s dividend payout ratio is presently 108.62%.

About Global Water Resources

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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, 2020, it served approximately 74,048 people in approximately 27,630 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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Earnings History for Global Water Resources (TSE:GWR)

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