What is Northland Capmk’s Forecast for WTTR FY2024 Earnings?

Select Water Solutions, Inc. (NYSE:WTTR) – Analysts at Northland Capmk decreased their FY2024 earnings estimates for Select Water Solutions in a research note issued on Friday, November 8th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings per share of $0.38 for the year, down from their prior forecast of $0.47. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.40 per share. Northland Capmk also issued estimates for Select Water Solutions’ Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $0.95 EPS.

Separately, Northland Securities raised Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Stock Performance

WTTR opened at $13.95 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Select Water Solutions has a 12-month low of $6.99 and a 12-month high of $14.48. The business has a 50 day moving average of $11.19 and a 200-day moving average of $10.78. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 23.64 and a beta of 1.67.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. Select Water Solutions’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share.

Hedge Funds Weigh In On Select Water Solutions

A number of large investors have recently made changes to their positions in WTTR. LSV Asset Management grew its holdings in Select Water Solutions by 34.3% in the 1st quarter. LSV Asset Management now owns 93,500 shares of the company’s stock valued at $863,000 after buying an additional 23,900 shares in the last quarter. Swiss National Bank grew its stake in shares of Select Water Solutions by 6.2% in the first quarter. Swiss National Bank now owns 184,600 shares of the company’s stock valued at $1,704,000 after acquiring an additional 10,800 shares in the last quarter. Inspire Advisors LLC bought a new position in Select Water Solutions during the first quarter worth about $229,000. Russell Investments Group Ltd. raised its stake in Select Water Solutions by 3.2% in the 1st quarter. Russell Investments Group Ltd. now owns 128,252 shares of the company’s stock worth $1,184,000 after purchasing an additional 3,959 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Select Water Solutions by 8.6% in the 1st quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after purchasing an additional 1,131 shares during the period. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a $0.07 dividend. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, November 5th. Select Water Solutions’s dividend payout ratio is currently 47.46%.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.