Is This Water Utility Expanding Its Reach?

Highlights

• A quarterly release is scheduled for Thursday, March 6th, reflecting an earnings figure of $0.06 per share and revenue of $12.70 million
• The stock opened at $11.53, with a one-year low of $11.05 and a high of $13.98, plus a monthly dividend yielding 2.64%
• Headquartered in Phoenix, the company offers water, wastewater, and recycled water services to about eighty-two thousand people

Global Water Resources (NASDAQ:GWRS) operates in the water utility sector, focusing on delivering regulated services that include water, wastewater, and recycled water. The company provides infrastructure and resources mainly within the Phoenix and Tucson metropolitan regions. Through its approach, the firm serves numerous households across these areas.

Scheduled Quarterly Release

The company plans to release its quarterly earnings announcement on Thursday, March 6th, ahead of market activity. Reports for this period outline an earnings figure of $0.06 per share and a revenue total of $12.70 million. These figures will offer insight into the firm’s financial performance and provide a snapshot of how it has navigated market conditions in recent months.

Stock Performance Details

On the most recent Thursday, the stock opened at $11.53. Over the past year, it has touched a low of $11.05 and reached a high of $13.98. The market capitalization stands at $279.28 million, while its price-to-earnings ratio hovers around 42.70. The price-to-earnings growth ratio measures 2.53, accompanied by a beta value of 0.99. In terms of leverage, the debt-to-equity ratio is 2.47, with current and quick ratios standing at 1.62 and 1.63, respectively. The stock’s average over fifty days is $11.55, and its two-hundred-day average is $12.25.

Dividend Information

Global Water Resources pays a monthly dividend designed to distribute consistent returns. In February, a dividend of $0.0253 per share was declared, with shareholders of record as of February 14th qualifying for the payout. An annualized figure of $0.30 results in a yield of 2.64%. The ex-dividend date also fell on February 14th, and the company’s current payout ratio is 111.11%.

Company Background

This business was formed in 2003, with its headquarters located in Phoenix, Arizona. It concentrates on regulated activities involving water delivery, wastewater management, and recycled water services. The company’s operations encompass numerous communities across central and southern Arizona, representing approximately eighty-two thousand individuals and thirty-two thousand households. Through strategic management of water resources, Global Water Resources (NASDAQ:GWRS) focuses on efficient and sustainable solutions within its regional markets.