Waters (WAT) Scheduled to Post Earnings on Tuesday

Waters (NYSE:WAT) will issue 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. Investors interested in registering for the company’s conference call can do so using this link.

Waters (NYSE:WAT) last issued its quarterly earnings results on Tuesday, February 6th. The medical instruments supplier reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.06. Waters had a return on equity of 81.30% and a net margin of 21.72%. The firm had revenue of $819.50 million for the quarter, compared to analyst estimates of $815.50 million. During the same period in the previous year, the company posted $3.84 earnings per share. The business’s 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 Stock Up 1.8 %

NYSE WAT opened at $321.25 on Friday. The business has a fifty day moving average price of $333.50 and a 200 day moving average price of $308.98. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.57 and a current ratio of 2.22. The company has a market cap of $19.05 billion, a P/E ratio of 29.61, a P/E/G ratio of 6.28 and a beta of 0.98. Waters has a one year low of $231.90 and a one year high of $363.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of Waters from $290.00 to $330.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Barclays increased their price objective on shares of Waters from $275.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, February 12th. Finally, Evercore ISI upped their price target on Waters from $320.00 to $340.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $298.67.

Insiders Place Their Bets

In related news, Director Linda Baddour sold 500 shares of Waters stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $355.54, for a total value of $177,770.00. Following the completion of the sale, the director now owns 2,250 shares in the company, valued at approximately $799,965. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is currently owned by insiders.

About Waters

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.