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Global Water Resources Inc. (GWRS) stock has reached a new 52-week low, dipping to $10.44, as investors navigate a challenging economic landscape. The company, which maintains impressive gross profit margins of 74% and has raised its dividend for 9 consecutive years according to InvestingPro, currently offers a dividend yield of 2.84%. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 13.5% decline over the past 12 months. The descent to this low watermark highlights the volatility faced by utility companies in the current market, as they grapple with regulatory changes and shifting consumer demand. GWRS’s performance is closely watched by investors seeking stability in the essential services sector, and this 52-week low serves as a critical indicator of the company’s recent trajectory in a competitive industry. InvestingPro analysis suggests the stock is currently overvalued, with 6 additional ProTips and a comprehensive Pro Research Report available for deeper insight into the company’s fundamentals.
In other recent news, Global Water Resources Inc. reported its fourth-quarter 2024 earnings, revealing a slight miss on earnings per share (EPS) expectations but exceeding revenue forecasts. The company’s EPS stood at $0.04, falling short of the projected $0.06, while revenue reached $13.29 million, surpassing the anticipated $12.7 million. The overall revenue for 2024 was $52.7 million, marking a 0.6% decrease from the previous year, though regulated revenue saw a 4.9% increase. Additionally, Global Water Resources has filed applications with the Arizona Corporation Commission for water and wastewater rate increases for two of its subsidiaries, potentially resulting in a net annual revenue increase of approximately $6.5 million if approved. The proposed rate increases would be implemented in two phases starting in May 2026 and January 2027. Furthermore, the Arizona Corporation Commission recently approved Global Water Resources’ proposed acquisition of the City of Tucson assets, aiming to close the acquisition in the first half of 2025. The company also reached a settlement for a rate case with Global Water Farmers, authorizing an approximate $1.1 million revenue increase. These developments highlight Global Water Resources’ ongoing strategic initiatives and regulatory activities in Arizona.
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