Q2 2024 Earnings Estimate for Select Water Solutions, Inc. (NYSE:WTTR) Issued By Northland Capmk

Select Water Solutions, Inc. (NYSE:WTTR) – Investment analysts at Northland Capmk dropped their Q2 2024 EPS estimates for shares of Select Water Solutions in a research note issued to investors on Friday, May 3rd. Northland Capmk analyst B. Brooks now expects that the company will earn $0.09 per share for the quarter, down from their previous estimate of $0.12. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.64 per share. Northland Capmk also issued estimates for Select Water Solutions’ Q3 2024 earnings at $0.19 EPS, FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.31 EPS and Q4 2025 earnings at $0.34 EPS.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). Select Water Solutions had a net margin of 4.28% and a return on equity of 7.46%. The business had revenue of $366.60 million for the quarter, compared to the consensus estimate of $369.29 million. During the same period last year, the business posted $0.12 EPS. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year.

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

Select Water Solutions Price Performance

Select Water Solutions stock opened at $9.16 on Monday. Select Water Solutions has a 52-week low of $6.78 and a 52-week high of $9.74. The company has a quick ratio of 1.96, a current ratio of 1.94 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $9.04 and its 200 day moving average is $8.03. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.09 and a beta of 1.65.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.24 annualized dividend and a yield of 2.62%. Select Water Solutions’s payout ratio is presently 36.92%.

Insider Buying and Selling

In other Select Water Solutions news, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $8.60, for a total transaction of $55,229.20. Following the transaction, the chief accounting officer now owns 95,936 shares in the company, valued at $825,049.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Brian Szymanski sold 6,422 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $8.60, for a total value of $55,229.20. Following the sale, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at approximately $825,049.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nick L. Swyka sold 9,009 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $8.55, for a total value of $77,026.95. Following the transaction, the chief financial officer now owns 272,140 shares of the company’s stock, valued at approximately $2,326,797. The disclosure for this sale can be found here. Insiders sold a total of 46,511 shares of company stock worth $398,053 over the last three months. 8.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Select Water Solutions

Several hedge funds have recently bought and sold shares of WTTR. Jennison Associates LLC purchased a new stake in Select Water Solutions in the 1st quarter valued at about $555,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Select Water Solutions in the first quarter valued at approximately $969,000. Vest Financial LLC bought a new position in Select Water Solutions in the first quarter worth approximately $863,000. Assenagon Asset Management S.A. increased its holdings in Select Water Solutions by 230.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 406,106 shares of the company’s stock worth $3,748,000 after purchasing an additional 283,269 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in Select Water Solutions by 428.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 137,709 shares of the company’s stock valued at $1,271,000 after purchasing an additional 111,656 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

About Select Water Solutions

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.