Connecticut Water Service (NASDAQ:CTWS) Releases Quarterly Earnings Results

Connecticut Water Service (NASDAQ:CTWS) issued its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02), MarketWatch Earnings reports. The company had revenue of $27.86 million during the quarter. Connecticut Water Service had a net margin of 16.21% and a return on equity of 8.72%.

Connecticut Water Service stock opened at $69.84 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $842.27 million, a price-to-earnings ratio of 30.50 and a beta of -0.03. Connecticut Water Service has a 52 week low of $62.05 and a 52 week high of $70.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.3275 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.31 dividend on an annualized basis and a yield of 1.88%. This is a positive change from Connecticut Water Service’s previous quarterly dividend of $0.31. Connecticut Water Service’s payout ratio is currently 54.59%.

Several research analysts have commented on CTWS shares. BidaskClub raised Connecticut Water Service from a “hold” rating to a “buy” rating in a research report on Thursday. TheStreet cut Connecticut Water Service from a “b” rating to a “c+” rating in a research report on Thursday, March 7th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Connecticut Water Service in a research note on Friday, March 1st. Finally, Zacks Investment Research raised Connecticut Water Service from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.50.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Rockland Register and is the sole property of of Rockland Register. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://rocklandregister.com/2019/06/01/connecticut-water-service-ctws-issues-earnings-results.html.

About Connecticut Water Service

Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water and provides wastewater services.

See Also: Stochastic Momentum Index (SMI)

Earnings History for Connecticut Water Service (NASDAQ:CTWS)

Receive News & Ratings for Connecticut Water Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connecticut Water Service and related companies with MarketBeat.com's FREE daily email newsletter.