Waters (NYSE:WAT) will release its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Waters to post earnings of $2.43 per share for the quarter.

Waters (NYSE:WAT) last posted its quarterly earnings data on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.03. The company had revenue of $565.58 million during the quarter, compared to analyst estimates of $555.25 million. Waters had a return on equity of 23.61% and a net margin of 24.34%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. On average, analysts expect Waters to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of Waters (NYSE WAT) opened at $209.75 on Tuesday. The stock has a market capitalization of $16,680.00, a price-to-earnings ratio of 30.94, a P/E/G ratio of 2.81 and a beta of 0.82. Waters has a 52 week low of $137.72 and a 52 week high of $210.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.71 and a current ratio of 6.16.

In other Waters news, Director William J. Miller sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $194.94, for a total transaction of $682,290.00. Following the sale, the director now owns 25,849 shares in the company, valued at $5,039,004.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elizabeth B. Rae sold 12,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $197.95, for a total value of $2,375,400.00. Following the sale, the senior vice president now owns 18,129 shares in the company, valued at approximately $3,588,635.55. The disclosure for this sale can be found here. Insiders have sold 93,159 shares of company stock worth $18,412,172 in the last 90 days. Company insiders own 5.07% of the company’s stock.

WAT has been the subject of several research analyst reports. Zacks Investment Research raised Waters from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research note on Monday, October 23rd. BTIG Research initiated coverage on Waters in a research note on Friday, January 5th. They set a “buy” rating and a $230.00 price objective for the company. Morgan Stanley raised Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price objective for the company in a research note on Monday, December 4th. Barclays lifted their price objective on Waters from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 25th. Finally, Goldman Sachs Group initiated coverage on Waters in a research note on Tuesday, September 26th. They set a “hold” rating and a $180.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Waters presently has a consensus rating of “Hold” and a consensus price target of $197.33.

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About Waters

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services 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.

Earnings History for Waters (NYSE:WAT)

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