Waters (WAT) Scheduled to Post Earnings on Tuesday

Waters (NYSE:WAT) will be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $2.09 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Waters (NYSE:WAT) last issued its quarterly earnings data on Tuesday, February 6th. The medical instruments supplier reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.06. Waters had a net margin of 21.72% and a return on equity of 81.30%. The business had revenue of $819.50 million during the quarter, compared to analyst estimates of $815.50 million. During the same quarter last year, the business earned $3.84 EPS. The firm’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 %

WAT opened at $321.25 on Monday. The company’s 50 day moving average price is $333.50 and its two-hundred day moving average price is $309.34. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 6.39 and a beta of 0.98. Waters has a fifty-two week low of $231.90 and a fifty-two week high of $363.80. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.22 and a quick ratio of 1.57.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays raised their target price on Waters from $275.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. Stifel Nicolaus raised their price target on shares of Waters from $290.00 to $330.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, Evercore ISI increased 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. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.