Waters (WAT) Set to Announce Quarterly Earnings on Tuesday

Waters (NYSE:WAT) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Waters to post earnings of $2.09 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Waters (NYSE:WAT) last announced its quarterly earnings results on Tuesday, February 6th. The medical instruments supplier reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.06. The business had revenue of $819.50 million for the quarter, compared to analyst estimates of $815.50 million. Waters had a net margin of 21.72% and a return on equity of 81.30%. During the same quarter in the prior year, the business earned $3.84 EPS. Waters’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts expect Waters to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Waters Trading Up 1.8 %

Shares of NYSE:WAT opened at $321.25 on Monday. The stock has a market cap of $19.05 billion, a PE ratio of 29.61, a P/E/G ratio of 6.39 and a beta of 0.98. The company has a quick ratio of 1.57, a current ratio of 2.22 and a debt-to-equity ratio of 2.00. Waters has a 12-month low of $231.90 and a 12-month high of $363.80. The business has a 50 day moving average of $333.50 and a 200-day moving average of $309.34.

Analyst Upgrades and Downgrades

A number of research firms have commented on WAT. Barclays raised their price objective on Waters from $275.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Evercore ISI upped their price objective on shares of Waters from $320.00 to $340.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus raised their target price on shares of Waters from $290.00 to $330.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $298.67.

Insiders Place Their Bets

In other Waters news, Director Linda Baddour sold 500 shares of Waters stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $355.54, for a total value of $177,770.00. Following the completion of the sale, the director now directly owns 2,250 shares of the company’s stock, valued at $799,965. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.82% of the company’s stock.

Waters Company Profile

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.