Watts Water Technologies, Inc. (NYSE:WTS) to Release Quarterly Earnings on Wednesday
Watts Water Technologies, Inc. (NYSE:WTS) is set to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.79 per share for the quarter.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Watts Water Technologies had a return on equity of 12.75% and a net margin of 6.40%. The firm had revenue of $347.20 million for the quarter, compared to analysts’ expectations of $343.79 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts expect Watts Water Technologies to post $2.92 EPS for the current fiscal year and $3.20 EPS for the next fiscal year.
Shares of Watts Water Technologies, Inc. (WTS) opened at 64.70 on Wednesday. Watts Water Technologies, Inc. has a 1-year low of $58.35 and a 1-year high of $71.05. The stock has a market capitalization of $2.22 billion, a PE ratio of 24.88 and a beta of 1.07. The stock has a 50 day moving average price of $63.18 and a 200-day moving average price of $62.99.
A number of research analysts have recently issued reports on the company. BidaskClub upgraded Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Watts Water Technologies in a report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $64.50.
In related news, insider Elie Melhem sold 1,281 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $64.42, for a total transaction of $82,522.02. Following the transaction, the insider now directly owns 29,493 shares in the company, valued at approximately $1,899,939.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.
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About Watts Water Technologies
Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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