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

Global Water Resources (NASDAQ:GWRS) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. The firm had revenue of $13.29 million for the quarter, compared to analyst estimates of $12.70 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%.

Global Water Resources Stock Performance

Shares of NASDAQ GWRS opened at $11.39 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47. The firm’s 50-day moving average price is $11.53 and its two-hundred 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. The stock has a market capitalization of $275.89 million, a P/E ratio of 42.19, a P/E/G ratio of 2.53 and a beta of 1.01.

Global Water Resources Announces Dividend

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

About Global Water Resources

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.