Waters (WAT) to Release Earnings on Tuesday
Waters (NYSE:WAT) will release its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Waters to post earnings of $2.43 per share for the quarter.
Waters (NYSE:WAT) last released its quarterly earnings data on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.03. The firm had revenue of $565.58 million for the quarter, compared to the consensus estimate of $555.25 million. Waters had a return on equity of 23.61% and a net margin of 24.34%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 earnings per share. On average, analysts expect Waters to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Waters (NYSE:WAT) opened at $209.75 on Tuesday. The company has a market capitalization of $16,680.00, a PE ratio of 30.94, a PEG ratio of 2.81 and a beta of 0.82. The company has a quick ratio of 5.71, a current ratio of 6.16 and a debt-to-equity ratio of 0.66. Waters has a twelve month low of $137.72 and a twelve month high of $210.08.
Several research firms have recently commented on WAT. Barclays reiterated a “hold” rating and issued a $202.00 price objective on shares of Waters in a report on Monday, January 8th. Zacks Investment Research downgraded Waters from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. BTIG Research started coverage on Waters in a research note on Friday, January 5th. They issued a “buy” rating and a $230.00 target price on the stock. Evercore ISI started coverage on Waters in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $198.00 target price on the stock. Finally, Morgan Stanley raised Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 target price on the stock in a research note on Monday, December 4th. Eleven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $197.33.
In other Waters news, Director Joann A. Reed sold 1,386 shares of Waters stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $194.07, for a total transaction of $268,981.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Terricciano sold 21,997 shares of Waters stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $197.52, for a total value of $4,344,847.44. Following the sale, the senior vice president now directly owns 9,173 shares in the company, valued at $1,811,850.96. The disclosure for this sale can be found here. Insiders sold 93,159 shares of company stock worth $18,412,172 over the last three months. 5.07% of the stock is owned by insiders.
Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.
Receive News & Ratings for Waters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waters and related companies with MarketBeat.com's FREE daily email newsletter.