Brokerages Anticipate Watts Water Technologies Inc (WTS) Will Post Earnings of $0.73 Per Share
Equities analysts forecast that Watts Water Technologies Inc (NYSE:WTS) will post earnings of $0.73 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Watts Water Technologies’ earnings, with estimates ranging from $0.71 to $0.76. Watts Water Technologies posted earnings of $0.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 14.1%. The business is expected to report its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Watts Water Technologies will report full year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.04. For the next year, analysts expect that the business will post earnings of $3.29 per share, with EPS estimates ranging from $3.25 to $3.34. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Watts Water Technologies.
Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The business had revenue of $347.70 million during the quarter, compared to analysts’ expectations of $361.22 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year.
In other news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $73.09, for a total value of $288,778.59. Following the sale, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,047,974.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Elie Melhem sold 2,545 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total value of $179,371.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,348 shares of company stock valued at $1,339,628. Insiders own 1.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WTS. Sei Investments Co. grew its stake in shares of Watts Water Technologies by 52.4% in the 2nd quarter. Sei Investments Co. now owns 5,451 shares of the technology company’s stock valued at $345,000 after purchasing an additional 1,875 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Watts Water Technologies by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 177,495 shares of the technology company’s stock valued at $11,218,000 after purchasing an additional 5,340 shares during the period. Rhumbline Advisers grew its stake in shares of Watts Water Technologies by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 60,368 shares of the technology company’s stock valued at $3,815,000 after purchasing an additional 495 shares during the period. SG Americas Securities LLC grew its stake in shares of Watts Water Technologies by 27.2% in the 2nd quarter. SG Americas Securities LLC now owns 4,463 shares of the technology company’s stock valued at $282,000 after purchasing an additional 954 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Watts Water Technologies by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 54,436 shares of the technology company’s stock valued at $3,440,000 after purchasing an additional 4,375 shares during the period. Institutional investors own 77.55% of the company’s stock.
Watts Water Technologies (WTS) opened at $75.90 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. The firm has a market capitalization of $2,590.00, a PE ratio of 28.22, a P/E/G ratio of 1.92 and a beta of 1.16. Watts Water Technologies has a 12-month low of $59.15 and a 12-month high of $78.05.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.76 annualized dividend and a yield of 1.00%. Watts Water Technologies’s dividend payout ratio (DPR) is 28.25%.
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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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