Waters (WAT) Scheduled to Post Earnings on Tuesday

Waters (NYSE:WAT) is scheduled to be posting 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Waters Price Performance

NYSE WAT opened at $315.02 on Tuesday. Waters has a 1 year low of $231.90 and a 1 year high of $363.80. The business’s fifty day moving average is $334.57 and its two-hundred day moving average is $308.02. The stock has a market capitalization of $18.68 billion, a P/E ratio of 29.03, a P/E/G ratio of 6.19 and a beta of 0.92. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.57 and a current ratio of 2.22.

Wall Street Analysts Forecast Growth

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

Insider Activity at Waters

In other news, Director Linda Baddour sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $355.54, for a total transaction 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 approximately $799,965. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.