Waters (WAT) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Waters (NYSE:WAT) issued its quarterly earnings data on Tuesday. The medical instruments supplier reported $2.51 EPS for the quarter, beating the consensus estimate of $2.44 by $0.07, Bloomberg Earnings reports. The firm had revenue of $687.28 million during the quarter, compared to the consensus estimate of $671.98 million. Waters had a net margin of 24.34% and a return on equity of 23.61%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 earnings per share.

Waters (NYSE:WAT) opened at $214.77 on Tuesday. Waters has a 52-week low of $137.72 and a 52-week high of $215.19. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.71 and a current ratio of 6.16. The stock has a market cap of $16,759.20, a PE ratio of 31.68, a P/E/G ratio of 2.82 and a beta of 0.82.

In other Waters news, SVP Rohit Khanna sold 26,913 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $197.93, for a total value of $5,326,890.09. Following the sale, the senior vice president now owns 13,677 shares in the company, valued at $2,707,088.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Terricciano sold 21,997 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $197.52, for a total transaction of $4,344,847.44. Following the completion of the sale, the senior vice president now owns 9,173 shares in the company, valued at approximately $1,811,850.96. 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 quarter. 5.07% of the stock is owned by corporate insiders.

Several brokerages have recently commented on WAT. Morgan Stanley raised shares of 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. Evercore ISI began coverage on shares of Waters in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $198.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Waters in a research note on Tuesday, September 26th. They set a “hold” rating and a $180.00 price objective for the company. Zacks Investment Research upgraded shares of Waters from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Monday, October 23rd. Finally, Cleveland Research cut shares of Waters from a “buy” rating to a “neutral” rating in a research report on Monday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Waters has an average rating of “Hold” and an average 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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