Waters (NYSE:WAT) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $1.55 per share for the quarter.
Waters (NYSE:WAT) last released its quarterly earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.07. The firm had revenue of $687.28 million for the quarter, compared to analyst estimates of $671.98 million. Waters had a net margin of 0.88% and a return on equity of 24.70%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 EPS. On average, analysts expect Waters to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
WAT stock opened at $208.21 on Monday. The company has a market cap of $16,403.62, a PE ratio of 27.80, a PEG ratio of 2.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 6.60 and a current ratio of 7.04. Waters has a one year low of $157.84 and a one year high of $220.20.
WAT has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating on shares of Waters in a research report on Thursday, January 25th. Janney Montgomery Scott lifted their price target on shares of Waters from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Waters from a “hold” rating to a “buy” rating and set a $217.00 price target on the stock in a research report on Tuesday, December 26th. ValuEngine raised shares of Waters from a “hold” rating to a “buy” rating in a research report on Monday, March 19th. Finally, Barclays lifted their price target on shares of Waters from $202.00 to $208.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $205.50.
In other Waters news, SVP Terrence P. Kelly sold 1,312 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $212.52, for a total value of $278,826.24. Following the sale, the senior vice president now owns 5,130 shares of the company’s stock, valued at $1,090,227.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark T. Beaudouin sold 42,143 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $217.21, for a total value of $9,153,881.03. Following the completion of the sale, the senior vice president now directly owns 20,749 shares in the company, valued at approximately $4,506,890.29. The disclosure for this sale can be found here. In the last three months, insiders sold 73,794 shares of company stock worth $16,057,538. 0.98% of the stock is owned by corporate insiders.
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Waters Company Profile
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
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