Cadiz (NASDAQ:CDZI) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Cadiz (NASDAQ:CDZI) released its quarterly earnings data on Tuesday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05), Zacks reports. Cadiz had a negative return on equity of 62.43% and a negative net margin of 925.72%. The business had revenue of $0.51 million during the quarter, compared to analysts’ expectations of $4.00 million.

Cadiz Price Performance

Shares of Cadiz stock traded down $0.06 on Wednesday, hitting $2.92. The company’s stock had a trading volume of 29,044 shares, compared to its average volume of 187,228. Cadiz has a 52-week low of $2.12 and a 52-week high of $4.30. The company has a quick ratio of 2.54, a current ratio of 2.86 and a debt-to-equity ratio of 2.12. The firm has a fifty day moving average price of $3.23 and a 200-day moving average price of $2.87. The company has a market capitalization of $197.96 million, a P/E ratio of -6.08 and a beta of 0.85.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cadiz to a “sell” rating in a research report on Thursday, May 16th.

Cadiz Company Profile

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.