Equities Analysts Offer Predictions for WTTR FY2024 Earnings

Select Water Solutions, Inc. (NYSE:WTTR) – Analysts at Northland Capmk reduced their FY2024 earnings per share (EPS) estimates for Select Water Solutions in a report released on Friday, November 8th. Northland Capmk analyst B. Brooks now forecasts that the company will earn $0.38 per share for the year, down from their prior forecast of $0.47. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.40 per share. Northland Capmk also issued estimates for Select Water Solutions’ Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $0.95 EPS.

Separately, Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Trading Up 1.9 %

Shares of Select Water Solutions stock opened at $13.90 on Monday. The company has a 50-day moving average of $11.29 and a two-hundred day moving average of $10.84. Select Water Solutions has a 12-month low of $6.99 and a 12-month high of $14.48. The company has a current ratio of 1.78, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.65 billion, a PE ratio of 23.55 and a beta of 1.67.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business had revenue of $371.35 million during the quarter, compared to the consensus estimate of $352.98 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue was down 4.6% compared to the same quarter last year.

Institutional Trading of Select Water Solutions

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Select Water Solutions by 57.3% during the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after acquiring an additional 1,096 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Select Water Solutions during the 2nd quarter worth about $34,000. CWM LLC grew its holdings in shares of Select Water Solutions by 55.2% during the second quarter. CWM LLC now owns 4,204 shares of the company’s stock worth $45,000 after buying an additional 1,496 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after buying an additional 1,010 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Select Water Solutions during the third quarter valued at approximately $112,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.02%. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, November 5th. Select Water Solutions’s dividend payout ratio is presently 47.46%.

Select Water Solutions Company Profile

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.