Waters (WAT) Scheduled to Post Earnings on Friday

Waters (NYSE:WAT) will be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $2.67 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Waters (NYSE:WAT) last released its earnings results on Wednesday, July 31st. The medical instruments supplier reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.08. The business had revenue of $709.00 million during the quarter, compared to the consensus estimate of $700.09 million. Waters had a return on equity of 56.81% and a net margin of 20.71%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $2.80 earnings per share. On average, analysts expect Waters to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Waters Trading Down 1.8 %

NYSE WAT opened at $327.30 on Friday. The stock has a market cap of $19.43 billion, a PE ratio of 32.60, a PEG ratio of 6.67 and a beta of 0.95. Waters has a 12 month low of $231.90 and a 12 month high of $367.21. The company’s 50-day moving average price is $342.46 and its 200-day moving average price is $325.13. The company has a current ratio of 2.10, a quick ratio of 1.42 and a debt-to-equity ratio of 1.42.

Analyst Ratings Changes

A number of equities analysts have commented on WAT shares. Jefferies Financial Group upgraded shares of Waters from a “hold” rating to a “buy” rating and upped their target price for the stock from $355.00 to $415.00 in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Waters from $330.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. TD Cowen lifted their target price on Waters from $325.00 to $363.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company began coverage on Waters in a research report on Tuesday, August 27th. They set an “overweight” rating and a $380.00 price target on the stock. Finally, Leerink Partnrs upgraded Waters from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $342.58.

Waters Company Profile

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.