Media coverage about Global Water Resources (NASDAQ:GWRS) has trended somewhat positive on Thursday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Global Water Resources earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.2690260685966 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Global Water Resources traded up $0.08, reaching $9.17, during midday trading on Thursday, MarketBeat.com reports. The stock had a trading volume of 101 shares, compared to its average volume of 12,289. The company has a debt-to-equity ratio of 8.24, a current ratio of 1.04 and a quick ratio of 1.04. Global Water Resources has a 52-week low of $8.40 and a 52-week high of $10.00. The firm has a market capitalization of $176.68 million, a P/E ratio of 76.42, a price-to-earnings-growth ratio of 3.53 and a beta of -0.05.
Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Friday, March 9th. The utilities provider reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Global Water Resources had a net margin of 14.70% and a return on equity of 16.96%. The company had revenue of $7.80 million for the quarter, compared to analyst estimates of $7.50 million. research analysts anticipate that Global Water Resources will post 0.17 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.0236 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Thursday, June 14th. Global Water Resources’s dividend payout ratio (DPR) is currently 233.33%.
GWRS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, March 28th. TheStreet raised shares of Global Water Resources from a “d” rating to a “c-” rating in a research report on Wednesday, May 9th.
In other Global Water Resources news, Director Trevor T. Hill sold 5,300 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $9.07, for a total value of $48,071.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Trevor T. Hill sold 7,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $9.16, for a total transaction of $64,120.00. The disclosure for this sale can be found here. Insiders sold a total of 20,407 shares of company stock worth $184,967 over the last three months. 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.
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