Waters (NYSE:WAT) Issues Q2 Earnings Guidance

Waters (NYSE:WAT) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $2.05-2.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.21. Waters also updated its FY 2019 guidance to $9.05-9.25 EPS.

A number of research firms have recently issued reports on WAT. Zacks Investment Research raised shares of Waters from a hold rating to a buy rating and set a $256.00 price target on the stock in a research note on Wednesday, January 30th. ValuEngine downgraded shares of Waters from a buy rating to a hold rating in a research note on Wednesday, April 24th. Robert W. Baird reduced their price target on shares of Waters from $211.00 to $209.00 and set a neutral rating on the stock in a research note on Wednesday, April 24th. BTIG Research boosted their price target on shares of Waters to $260.00 and gave the company a buy rating in a research note on Thursday, January 24th. Finally, Barclays cut their target price on shares of Waters from $218.00 to $210.00 and set an equal weight rating on the stock in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Waters presently has a consensus rating of Hold and an average price target of $212.26.

NYSE WAT traded down $1.92 on Friday, hitting $208.20. 481,180 shares of the stock were exchanged, compared to its average volume of 636,333. The company has a quick ratio of 2.89, a current ratio of 3.44 and a debt-to-equity ratio of 1.15. Waters has a fifty-two week low of $167.93 and a fifty-two week high of $255.21. The stock has a market capitalization of $14.44 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, April 23rd. The medical instruments supplier reported $1.60 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.13). Waters had a return on equity of 39.64% and a net margin of 24.59%. The firm had revenue of $513.90 million for the quarter, compared to analyst estimates of $545.82 million. During the same quarter last year, the firm earned $1.59 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Waters will post 9.11 earnings per share for the current fiscal year.

In other news, Director Michael J. Berendt sold 3,000 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $239.64, for a total value of $718,920.00. Following the completion of the transaction, the director now owns 21,510 shares in the company, valued at approximately $5,154,656.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert G. Carson sold 2,724 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $241.23, for a total transaction of $657,110.52. Following the completion of the transaction, the senior vice president now owns 3,898 shares of the company’s stock, valued at approximately $940,314.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,730 shares of company stock valued at $1,856,849. Company insiders own 1.14% of the company’s stock.

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Waters Company Profile

Waters Corporation, a specialty measurement company, 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.

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Earnings History and Estimates for Waters (NYSE:WAT)

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