Waters (NYSE:WAT) released its earnings results on Tuesday. The medical instruments supplier reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.13), MarketWatch Earnings reports. The firm had revenue of $513.90 million during the quarter, compared to the consensus estimate of $545.82 million. Waters had a net margin of 24.54% and a return on equity of 34.18%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS.
Shares of Waters stock opened at $241.04 on Tuesday. Waters has a 12-month low of $167.93 and a 12-month high of $255.21. The company has a market cap of $16.95 billion, a PE ratio of 29.08, a P/E/G ratio of 2.35 and a beta of 1.19. The company has a current ratio of 5.93, a quick ratio of 5.28 and a debt-to-equity ratio of 0.73.
In related news, Director Thomas P. Salice sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $231.59, for a total transaction of $463,180.00. Following the transaction, the director now directly owns 20,010 shares of the company’s stock, valued at approximately $4,634,115.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrence P. Kelly sold 1,312 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $232.03, for a total value of $304,423.36. Following the transaction, the senior vice president now directly owns 3,258 shares in the company, valued at $755,953.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,032 shares of company stock worth $24,284,760. Company insiders own 0.98% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Waters from a “hold” rating to a “buy” rating and set a $256.00 target price on the stock in a research note on Wednesday, January 30th. BTIG Research upped their price objective on Waters to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Barclays reiterated a “hold” rating and set a $200.00 price objective on shares of Waters in a research note on Friday, January 25th. Needham & Company LLC began coverage on Waters in a research note on Wednesday, January 2nd. They set a “hold” rating and a $177.00 price objective on the stock. Finally, Bank of America upgraded Waters from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $208.99.
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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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