Wall Street brokerages expect that Watts Water Technologies Inc (NYSE:WTS) will post earnings of $1.03 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Watts Water Technologies’ earnings. The lowest EPS estimate is $0.99 and the highest is $1.05. Watts Water Technologies reported earnings per share of $0.99 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The company is scheduled to issue its next quarterly earnings results on Friday, November 1st.
According to Zacks, analysts expect that Watts Water Technologies will report full-year earnings of $4.06 per share for the current fiscal year, with EPS estimates ranging from $4.04 to $4.08. For the next financial year, analysts anticipate that the company will report earnings of $4.34 per share, with EPS estimates ranging from $4.18 to $4.44. Zacks’ EPS calculations are an average based on a survey of research firms that cover Watts Water Technologies.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.01). The business had revenue of $416.80 million during the quarter, compared to analyst estimates of $416.26 million. Watts Water Technologies had a net margin of 8.08% and a return on equity of 14.76%. Watts Water Technologies’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share.
NYSE WTS traded up $2.28 during trading on Friday, hitting $93.40. The stock had a trading volume of 116,300 shares, compared to its average volume of 130,149. Watts Water Technologies has a 12 month low of $61.17 and a 12 month high of $94.93. The company has a market capitalization of $3.09 billion, a PE ratio of 24.97, a P/E/G ratio of 2.81 and a beta of 1.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.14 and a current ratio of 1.86. The company’s 50-day moving average price is $92.39 and its two-hundred day moving average price is $85.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 0.99%. Watts Water Technologies’s dividend payout ratio is currently 24.60%.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Watts Water Technologies by 6.4% in the second quarter. BlackRock Inc. now owns 4,721,235 shares of the technology company’s stock valued at $439,926,000 after purchasing an additional 283,685 shares during the last quarter. Victory Capital Management Inc. raised its position in Watts Water Technologies by 14.7% in the second quarter. Victory Capital Management Inc. now owns 1,186,349 shares of the technology company’s stock valued at $110,544,000 after purchasing an additional 151,683 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Watts Water Technologies by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,009,786 shares of the technology company’s stock valued at $65,162,000 after purchasing an additional 11,985 shares during the last quarter. Northern Trust Corp raised its position in Watts Water Technologies by 6.8% in the second quarter. Northern Trust Corp now owns 679,566 shares of the technology company’s stock valued at $63,322,000 after purchasing an additional 43,190 shares during the last quarter. Finally, Invesco Ltd. raised its position in Watts Water Technologies by 1.2% in the second quarter. Invesco Ltd. now owns 499,008 shares of the technology company’s stock valued at $46,497,000 after purchasing an additional 5,708 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.
About Watts Water Technologies
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. The company 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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