Connecticut Water Service, Inc. (NASDAQ:CTWS) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Connecticut Water Service, Inc. (NASDAQ:CTWS) posted its quarterly earnings results on Tuesday. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.03, MarketWatch Earnings reports. The company had revenue of $29.50 million during the quarter. Connecticut Water Service had a return on equity of 10.13% and a net margin of 23.22%.
Connecticut Water Service (CTWS) traded up 0.04% during trading on Wednesday, hitting $56.42. The stock had a trading volume of 16,243 shares. The stock has a market capitalization of $652.44 million, a PE ratio of 26.16 and a beta of 0.09. Connecticut Water Service has a 52-week low of $45.13 and a 52-week high of $62.15. The stock’s 50-day moving average is $56.93 and its 200-day moving average is $54.85.
Separately, Zacks Investment Research raised Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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About Connecticut Water Service
Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).
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