-$0.12 EPS Expected for Cadiz Inc. (NASDAQ:CDZI) This Quarter

Analysts expect that Cadiz Inc. (NASDAQ:CDZI) will post ($0.12) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Cadiz’s earnings. Cadiz reported earnings per share of ($0.22) during the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The firm is scheduled to report its next quarterly earnings results on Friday, March 25th.

On average, analysts expect that Cadiz will report full-year earnings of ($0.59) per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of ($0.58) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Cadiz.

Cadiz (NASDAQ:CDZI) last announced its earnings results on Friday, November 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). Cadiz had a negative return on equity of 3,458.26% and a negative net margin of 5,936.30%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in shares of Cadiz by 72.2% during the second quarter. Legal & General Group Plc now owns 191,116 shares of the company’s stock worth $2,599,000 after buying an additional 80,140 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Cadiz during the second quarter worth about $147,000. Nuveen Asset Management LLC grew its holdings in shares of Cadiz by 5.5% during the first quarter. Nuveen Asset Management LLC now owns 111,482 shares of the company’s stock worth $1,070,000 after buying an additional 5,852 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Cadiz during the second quarter worth about $190,000. Finally, Wolverine Trading LLC grew its holdings in shares of Cadiz by 70.5% during the second quarter. Wolverine Trading LLC now owns 23,433 shares of the company’s stock worth $319,000 after buying an additional 9,687 shares in the last quarter. Institutional investors own 16.29% of the company’s stock.

CDZI traded down $0.08 during midday trading on Thursday, reaching $4.88. 215,595 shares of the company’s stock were exchanged, compared to its average volume of 322,048. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.47 and a quick ratio of 4.47. The stock has a market capitalization of $213.04 million, a PE ratio of -5.42 and a beta of 0.03. The business’s 50-day moving average price is $7.07 and its 200 day moving average price is $11.07. Cadiz has a 1-year low of $4.79 and a 1-year high of $14.69.

Cadiz Company Profile

Cadiz, Inc is a land and water resource development company, which engages in the acquisition and development of land with water resources for various uses such as groundwater supply, groundwater storage, and agriculture. The firm’s project includes the Cadiz Valley Water Conservation, Recovery and Storage.

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