Waters Corporation (WAT) Earning Somewhat Favorable Press Coverage, Report Finds
Media coverage about Waters Corporation (NYSE:WAT) has been trending somewhat positive on Friday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Waters Corporation earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also gave news headlines about the medical instruments supplier an impact score of 53 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:
- U.S. Rep. Maxine Waters to keynote County NAACP Freedom Fund Dinner (stlamerican.com)
- BRIEF-Waters signs co-marketing agreement with Andrews Alliance (WAT) (markets.businessinsider.com)
- Shares Trading down at $184.09 (WAT) Andrews Alliance and Waters Sign… (highlightpress.com)
- 5 Dependable Tech Stocks in a Volatile Industry (finance.yahoo.com)
- Andrews Alliance and Waters Sign Co-Marketing Agreement (finance.yahoo.com)
Shares of Waters Corporation (NYSE:WAT) traded down 0.43% during mid-day trading on Friday, hitting $184.16. The stock had a trading volume of 611,110 shares. Waters Corporation has a 52-week low of $131.35 and a 52-week high of $187.65. The firm has a market cap of $14.74 billion, a PE ratio of 28.00 and a beta of 0.83. The stock’s 50-day moving average price is $178.14 and its 200-day moving average price is $155.82.
Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, April 25th. The medical instruments supplier reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.13. Waters Corporation had a net margin of 24.34% and a return on equity of 24.30%. The firm had revenue of $497.97 million during the quarter, compared to analyst estimates of $489.37 million. During the same period last year, the business earned $1.26 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. On average, analysts anticipate that Waters Corporation will post $7.32 earnings per share for the current fiscal year.
A number of research firms have weighed in on WAT. Barclays PLC set a $160.00 price target on Waters Corporation and gave the company a “hold” rating in a research note on Wednesday, April 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $170.00 target price on shares of Waters Corporation in a research note on Friday, March 3rd. Evercore ISI cut Waters Corporation from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Zacks Investment Research raised Waters Corporation from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a report on Monday, April 24th. Finally, Jefferies Group LLC lifted their price target on Waters Corporation from $147.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $168.91.
In other news, Director Michael J. Berendt sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $174.01, for a total transaction of $174,010.00. Following the completion of the sale, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,062,959.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael F. Silveira sold 620 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $172.27, for a total transaction of $106,807.40. Following the sale, the vice president now directly owns 1,688 shares of the company’s stock, valued at approximately $290,791.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,940 shares of company stock valued at $29,321,461. 5.07% of the stock is owned by company insiders.
About Waters Corporation
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.
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