Waters Corp. (WAT) Set to Announce Quarterly Earnings on Tuesday
Waters Corp. (NYSE:WAT) is scheduled to be issuing its Q114 quarterly earnings data on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $447.90 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Waters Corp. (NYSE:WAT) last released its earnings data on Tuesday, January 28th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.09. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $535.58 million. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts expect Waters Corp. to post $5.48 EPS for the current fiscal year and $6.09 EPS for the next fiscal year.
Waters Corp. (NYSE:WAT) opened at 108.70 on Monday. Waters Corp. has a 52 week low of $91.24 and a 52 week high of $115.06. The stock has a 50-day moving average of $110.7 and a 200-day moving average of $105.2. The company has a market cap of $9.259 billion and a price-to-earnings ratio of 21.21.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Waters Corp. from $106.00 to $108.00 in a research note on Friday, April 11th. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Waters Corp. in a research note on Friday, March 28th. They now have a $113.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Waters Corp. from $112.00 to $118.00 in a research note on Wednesday, January 29th. They now have an “overweight” rating on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Waters Corp. currently has an average rating of “Hold” and an average target price of $113.75.
Waters Corporation (NYSE:WAT) is an analytical instrument manufacturer that primarily designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.
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