$0.73 Earnings Per Share Expected for Watts Water Technologies Inc (WTS) This Quarter

Brokerages expect Watts Water Technologies Inc (NYSE:WTS) to report $0.73 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Watts Water Technologies’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.71. Watts Water Technologies reported earnings of $0.64 per share during the same quarter last year, which would indicate a positive year over year growth rate of 14.1%. The company is expected to report its next quarterly earnings report after the market closes on Monday, February 12th.

On average, 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 $3.39 per share, with EPS estimates ranging from $3.25 to $3.88. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Watts Water Technologies.

WTS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Monday, January 22nd. Northcoast Research set a $90.00 price target on shares of Watts Water Technologies and gave the stock a “buy” rating in a research note on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and set a $95.00 price target (up from $85.00) on shares of Watts Water Technologies in a research note on Tuesday, January 16th. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and a consensus target price of $79.17.

Watts Water Technologies (NYSE:WTS) traded down $1.35 on Tuesday, hitting $75.40. 194,988 shares of the company were exchanged, compared to its average volume of 96,423. 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 company has a market capitalization of $2,570.00, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. Watts Water Technologies has a twelve month low of $59.15 and a twelve month high of $82.35.

In related news, CEO Robert J. Pagano, Jr. sold 11,852 shares of Watts Water Technologies stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total transaction of $871,477.56. Following the sale, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,108,463.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of Watts Water Technologies stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $73.09, for a total transaction of $288,778.59. Following the sale, the chief executive officer now owns 137,474 shares in the company, valued at $10,047,974.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,348 shares of company stock worth $1,339,628. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of WTS. Impax Asset Management LTD boosted its position in Watts Water Technologies by 7.8% during the 3rd quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock worth $188,917,000 after buying an additional 196,626 shares during the period. Victory Capital Management Inc. lifted its position in shares of Watts Water Technologies by 29.0% in the 3rd quarter. Victory Capital Management Inc. now owns 771,208 shares of the technology company’s stock worth $53,367,000 after purchasing an additional 173,225 shares during the period. Renaissance Technologies LLC lifted its position in shares of Watts Water Technologies by 139.1% in the 2nd quarter. Renaissance Technologies LLC now owns 206,800 shares of the technology company’s stock worth $13,070,000 after purchasing an additional 120,300 shares during the period. TimesSquare Capital Management LLC lifted its position in shares of Watts Water Technologies by 11.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 405,860 shares of the technology company’s stock worth $28,086,000 after purchasing an additional 42,900 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Watts Water Technologies by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock worth $68,667,000 after purchasing an additional 38,374 shares during the period. Institutional investors and hedge funds own 77.75% of the company’s stock.

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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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Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

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