Watts Water Technologies, Inc. (WTS) Set to Announce Earnings on Tuesday
Watts Water Technologies, Inc. (NYSE:WTS) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 31st.
Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. The firm had revenue of $378.50 million during the quarter, compared to analyst estimates of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. On average, analysts expect Watts Water Technologies to post $2.97 EPS for the current fiscal year and $3.27 EPS for the next fiscal year.
Shares of Watts Water Technologies, Inc. (NYSE:WTS) opened at 66.80 on Tuesday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 26.09 and a beta of 1.07. Watts Water Technologies, Inc. has a 12 month low of $58.35 and a 12 month high of $71.05. The company has a 50-day moving average price of $66.97 and a 200-day moving average price of $63.97.
WTS has been the subject of several research reports. Boenning Scattergood reiterated an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Monday, September 18th. BidaskClub downgraded Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Watts Water Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Cowen and Company reiterated a “hold” rating and issued a $58.00 target price on shares of Watts Water Technologies in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.83.
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In other news, insider Elie Melhem sold 3,306 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $62.11, for a total value of $205,335.66. Following the completion of the sale, the insider now owns 32,128 shares of the company’s stock, valued at $1,995,470.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.
Watts Water Technologies Company Profile
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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