Analysts expect Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) to post $444.23 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Watts Water Technologies’ earnings. The lowest sales estimate is $439.10 million and the highest is $449.00 million. Watts Water Technologies posted sales of $413.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Watts Water Technologies will report full-year sales of $1.90 billion for the current fiscal year, with estimates ranging from $1.89 billion to $1.91 billion. For the next year, analysts expect that the firm will post sales of $1.98 billion, with estimates ranging from $1.96 billion to $1.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Watts Water Technologies.
Watts Water Technologies (NYSE:WTS – Get Rating) last announced its earnings results on Wednesday, February 9th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.08. Watts Water Technologies had a return on equity of 16.55% and a net margin of 9.16%. The company had revenue of $473.90 million for the quarter, compared to the consensus estimate of $452.78 million. During the same period last year, the business posted $1.15 EPS.
Shares of WTS stock opened at $135.79 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.20 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $141.84 and its two-hundred day moving average is $170.18. The company has a market capitalization of $4.56 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.72 and a beta of 0.97. Watts Water Technologies has a twelve month low of $118.46 and a twelve month high of $212.00.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a $0.26 dividend. The ex-dividend date was Monday, February 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.77%. Watts Water Technologies’s dividend payout ratio (DPR) is 21.27%.
In other news, insider Elie Melhem sold 5,600 shares of the business’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $145.04, for a total value of $812,224.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTS. Janney Montgomery Scott LLC raised its holdings in shares of Watts Water Technologies by 96.2% in the third quarter. Janney Montgomery Scott LLC now owns 13,162 shares of the technology company’s stock worth $2,212,000 after acquiring an additional 6,452 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Watts Water Technologies in the third quarter valued at $1,872,000. Nordea Investment Management AB grew its position in shares of Watts Water Technologies by 99.1% in the third quarter. Nordea Investment Management AB now owns 128,334 shares of the technology company’s stock valued at $22,290,000 after purchasing an additional 63,882 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Watts Water Technologies in the third quarter valued at $572,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Watts Water Technologies in the third quarter valued at $452,000. 75.31% of the stock is owned by institutional investors.
Watts Water Technologies Company Profile (Get Rating)
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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