Equities research analysts expect that Watts Water Technologies, Inc. (NYSE:WTS) will post earnings of $1.31 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Watts Water Technologies’ earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.27. Watts Water Technologies reported earnings per share of $1.05 in the same quarter last year, which would suggest a positive year over year growth rate of 24.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 3rd.
According to Zacks, analysts expect that Watts Water Technologies will report full-year earnings of $5.28 per share for the current fiscal year, with EPS estimates ranging from $5.20 to $5.36. For the next year, analysts anticipate that the business will post earnings of $5.77 per share, with EPS estimates ranging from $5.60 to $5.95. 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 issued its quarterly earnings data on Wednesday, August 4th. The technology company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.20. Watts Water Technologies had a net margin of 8.47% and a return on equity of 15.51%. The business had revenue of $467.00 million during the quarter, compared to analyst estimates of $425.48 million. During the same period last year, the business posted $0.74 earnings per share. Watts Water Technologies’s quarterly revenue was up 37.9% compared to the same quarter last year.
WTS traded up $2.23 on Friday, hitting $174.29. The company had a trading volume of 1,605 shares, compared to its average volume of 143,040. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.13 and a quick ratio of 1.34. Watts Water Technologies has a 52-week low of $95.21 and a 52-week high of $176.28. The stock has a fifty day simple moving average of $158.76 and a 200-day simple moving average of $139.69. The firm has a market capitalization of $5.86 billion, a P/E ratio of 41.26, a P/E/G ratio of 4.10 and a beta of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, August 31st. Watts Water Technologies’s dividend payout ratio is 26.80%.
In related news, CFO Shashank Patel sold 8,524 shares of the firm’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $150.00, for a total transaction of $1,278,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 13,010 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $170.66, for a total transaction of $2,220,286.60. The disclosure for this sale can be found here. Insiders have sold 23,048 shares of company stock valued at $3,745,669 in the last ninety days. Insiders own 1.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of WTS. Wesbanco Bank Inc. purchased a new stake in Watts Water Technologies in the first quarter worth approximately $492,000. Scotia Capital Inc. boosted its holdings in Watts Water Technologies by 13.8% in the first quarter. Scotia Capital Inc. now owns 2,636 shares of the technology company’s stock worth $313,000 after purchasing an additional 319 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Watts Water Technologies by 2.2% in the first quarter. Alliancebernstein L.P. now owns 62,747 shares of the technology company’s stock worth $7,455,000 after purchasing an additional 1,373 shares during the last quarter. Keybank National Association OH boosted its holdings in Watts Water Technologies by 3.6% in the first quarter. Keybank National Association OH now owns 6,035 shares of the technology company’s stock worth $717,000 after purchasing an additional 210 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Watts Water Technologies by 1.0% in the first quarter. Swiss National Bank now owns 59,600 shares of the technology company’s stock worth $7,081,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 74.90% of the company’s stock.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.
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