Waters (WAT) Scheduled to Post Earnings on Tuesday

Waters (NYSE:WAT) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Waters to post earnings of $2.09 per share for the quarter. Persons that are interested in registering for 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 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.06. Waters had a return on equity of 81.30% and a net margin of 21.72%. The company had revenue of $819.50 million for the quarter, compared to the consensus estimate of $815.50 million. During the same period in the previous year, the business earned $3.84 earnings per share. Waters’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts expect Waters to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Waters Stock Up 1.8 %

NYSE WAT opened at $321.25 on Friday. Waters has a 52 week low of $231.90 and a 52 week high of $363.80. The company has a quick ratio of 1.57, a current ratio of 2.22 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $19.05 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 6.28 and a beta of 0.98. The stock’s 50-day moving average price is $333.50 and its 200-day moving average price is $308.98.

Insider Transactions at Waters

In other Waters news, Director Linda Baddour sold 500 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $355.54, for a total transaction of $177,770.00. Following the completion of the transaction, the director now owns 2,250 shares in the company, valued at $799,965. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

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

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.