Select Water Solutions (WTTR) Set to Announce Earnings on Tuesday

Select Water Solutions (NYSE:WTTR) will post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Select Water Solutions to post earnings of $0.09 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.11. The company had revenue of $374.90 million for the quarter, compared to analyst estimates of $378.12 million. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts expect Select Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Select Water Solutions Stock Up 0.6 %

Shares of NYSE:WTTR opened at $9.48 on Friday. The business has a fifty day moving average of $8.97 and a two-hundred day moving average of $7.97. The stock has a market cap of $1.12 billion, a P/E ratio of 12.99 and a beta of 1.66. Select Water Solutions has a 52-week low of $6.78 and a 52-week high of $9.74.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, May 2nd. Select Water Solutions’s payout ratio is currently 32.88%.

Analysts Set New Price Targets

Separately, Northland Securities initiated coverage on Select Water Solutions in a report on Monday, April 22nd. They issued a “market perform” rating and a $11.50 target price for the company.

Insider Buying and Selling at Select Water Solutions

In other news, SVP Christopher Kile George sold 23,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the transaction, the senior vice president now directly owns 255,587 shares in the company, valued at approximately $2,205,715.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Brian Szymanski sold 6,422 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares in the company, valued at approximately $825,049.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total value of $198,490.00. Following the transaction, the senior vice president now owns 255,587 shares of the company’s stock, valued at $2,205,715.81. The disclosure for this sale can be found here. Insiders sold a total of 46,511 shares of company stock worth $398,053 in the last three months. 8.40% of the stock is owned by corporate insiders.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.