Wall Street brokerages predict that Watts Water Technologies Inc (NYSE:WTS) will announce earnings per share (EPS) of $0.87 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Watts Water Technologies’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.83. Watts Water Technologies reported earnings per share of $0.74 during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.6%. The firm is expected to report its next quarterly earnings results on Monday, February 11th.

According to Zacks, analysts expect that Watts Water Technologies will report full-year earnings of $3.73 per share for the current year, with EPS estimates ranging from $3.68 to $3.78. For the next year, analysts anticipate that the business will post earnings of $4.09 per share, with EPS estimates ranging from $3.95 to $4.38. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Watts Water Technologies.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Friday, November 2nd. The technology company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. Watts Water Technologies had a return on equity of 14.43% and a net margin of 6.05%. The business had revenue of $390.90 million for the quarter, compared to the consensus estimate of $380.00 million. During the same quarter last year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis.

A number of equities research analysts have weighed in on WTS shares. Seaport Global Securities restated a “hold” rating and set a $83.00 price target on shares of Watts Water Technologies in a research report on Thursday, August 2nd. Stifel Nicolaus raised their price target on Watts Water Technologies from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Northcoast Research restated a “buy” rating and set a $105.00 price target on shares of Watts Water Technologies in a research report on Friday, August 3rd. Boenning Scattergood restated a “neutral” rating on shares of Watts Water Technologies in a research report on Thursday, August 2nd. Finally, ValuEngine downgraded Watts Water Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $90.80.

NYSE WTS opened at $74.20 on Friday. Watts Water Technologies has a twelve month low of $67.29 and a twelve month high of $93.35. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.81 and a beta of 1.16.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.13%. Watts Water Technologies’s dividend payout ratio is currently 27.81%.

In other news, Director Joseph T. Noonan sold 2,653 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $76.00, for a total value of $201,628.00. Following the transaction, the director now owns 2,109 shares in the company, valued at $160,284. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Elie Melhem sold 1,000 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $74.42, for a total value of $74,420.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Watts Water Technologies in the second quarter worth about $102,000. Fort L.P. purchased a new position in shares of Watts Water Technologies in the second quarter worth about $108,000. Point72 Hong Kong Ltd purchased a new position in shares of Watts Water Technologies in the third quarter worth about $135,000. Compton Capital Management Inc. RI purchased a new position in shares of Watts Water Technologies in the third quarter worth about $203,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Watts Water Technologies in the second quarter worth about $212,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

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