Waters Corp. Expected to Earn Q1 2017 Earnings of $1.41 Per Share (WAT)
Waters Corp. (NYSE:WAT) – Investment analysts at Leerink Swann issued their Q1 2017 earnings per share estimates for shares of Waters Corp. in a research report issued to clients and investors on Wednesday. Leerink Swann analyst P. Souda forecasts that the brokerage will post earnings of $1.41 per share for the quarter. Leerink Swann currently has a “Outperform” rating and a $163.00 target price on the stock. Leerink Swann also issued estimates for Waters Corp.’s Q2 2017 earnings at $1.73 EPS, Q3 2017 earnings at $1.72 EPS, Q4 2017 earnings at $2.27 EPS, FY2018 earnings at $7.74 EPS and FY2019 earnings at $7.99 EPS.
Waters Corp. (NYSE:WAT) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.57. Waters Corp. had a return on equity of 24.33% and a net margin of 23.44%. The firm had revenue of $527 million for the quarter, compared to analyst estimates of $330.78 million. During the same quarter last year, the company earned $1.42 EPS. The company’s revenue was up 5.2% on a year-over-year basis.
WAT has been the topic of a number of other research reports. Jefferies Group restated a “hold” rating and issued a $145.00 target price (down previously from $150.00) on shares of Waters Corp. in a research note on Friday, October 28th. Zacks Investment Research downgraded Waters Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Cantor Fitzgerald boosted their target price on Waters Corp. from $163.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. Barclays PLC boosted their target price on Waters Corp. from $130.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. boosted their target price on Waters Corp. from $138.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Waters Corp. has an average rating of “Hold” and an average price target of $151.15.
Waters Corp. (NYSE:WAT) opened at 142.09 on Friday. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 23.30 and a beta of 0.95. Waters Corp. has a 1-year low of $112.00 and a 1-year high of $162.53. The firm’s 50-day moving average price is $150.40 and its 200-day moving average price is $147.11.
In related news, SVP Rohit Khanna sold 10,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $161.00, for a total value of $1,610,000.00. Following the transaction, the senior vice president now owns 16,114 shares of the company’s stock, valued at $2,594,354. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur G. Caputo sold 5,215 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $158.54, for a total transaction of $826,786.10. Following the sale, the executive vice president now owns 92,162 shares of the company’s stock, valued at $14,611,363.48. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of WAT. Fundsmith LLP raised its stake in Waters Corp. by 66.4% in the second quarter. Fundsmith LLP now owns 2,441,318 shares of the company’s stock valued at $343,371,000 after buying an additional 973,788 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Waters Corp. during the second quarter valued at about $82,849,000. FMR LLC raised its stake in Waters Corp. by 16.2% in the second quarter. FMR LLC now owns 2,808,299 shares of the company’s stock valued at $394,988,000 after buying an additional 390,765 shares during the last quarter. Janus Capital Management LLC raised its stake in Waters Corp. by 26.8% in the second quarter. Janus Capital Management LLC now owns 1,143,964 shares of the company’s stock valued at $160,899,000 after buying an additional 241,646 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Waters Corp. by 10.0% in the second quarter. BlackRock Fund Advisors now owns 1,924,066 shares of the company’s stock valued at $270,620,000 after buying an additional 174,816 shares during the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
About Waters Corp.
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.
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