Waters (WAT) Set to Announce Quarterly Earnings on Friday

Waters (NYSE:WAT) will be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect Waters to post earnings of $2.67 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Waters (NYSE:WAT) last posted its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.08. Waters had a return on equity of 56.81% and a net margin of 20.71%. The business had revenue of $709.00 million for the quarter, compared to the consensus estimate of $700.09 million. During the same quarter in the previous year, the business earned $2.80 EPS. The company’s quarterly revenue was down 4.3% 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 Trading Up 0.6 %

Shares of NYSE:WAT opened at $326.71 on Thursday. The business has a 50-day moving average price of $341.42 and a 200-day moving average price of $324.75. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 6.38 and a beta of 0.95. Waters has a 52-week low of $234.04 and a 52-week high of $367.21. The company has a quick ratio of 1.42, a current ratio of 2.10 and a debt-to-equity ratio of 1.42.

Analyst Upgrades and Downgrades

Several analysts have commented on WAT shares. TD Cowen lifted their price objective on shares of Waters from $325.00 to $363.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised Waters to a “hold” rating in a research report on Wednesday, July 31st. Leerink Partnrs upgraded Waters from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Waters from $330.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Wells Fargo & Company assumed coverage on Waters in a research report on Tuesday, August 27th. They set an “overweight” rating and a $380.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Waters has a consensus rating of “Hold” and an average target price of $342.58.

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.