Analysts Anticipate Watts Water Technologies Inc (WTS) Will Announce Quarterly Sales of $362.55 Million
Analysts predict that Watts Water Technologies Inc (NYSE:WTS) will post $362.55 million in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Watts Water Technologies’ earnings. The highest sales estimate is $374.40 million and the lowest is $352.00 million. Watts Water Technologies posted sales of $347.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The company is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Watts Water Technologies will report full-year sales of $362.55 million for the current year, with estimates ranging from $1.51 billion to $1.55 billion. For the next financial year, analysts expect that the company will post sales of $1.58 billion per share, with estimates ranging from $1.55 billion to $1.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Watts Water Technologies.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. The firm had revenue of $366.30 million for the quarter, compared to analyst estimates of $365.35 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year.
Watts Water Technologies (WTS) opened at $80.15 on Wednesday. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $84.25. The company has a quick ratio of 1.60, a current ratio of 2.39 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2,740.00, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 1st. Watts Water Technologies’s payout ratio is 42.94%.
In other news, insider Munish Nanda sold 6,953 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.66, for a total transaction of $526,063.98. Following the transaction, the insider now directly owns 31,560 shares of the company’s stock, valued at $2,387,829.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Pagano, Jr. sold 16,248 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $76.89, for a total value of $1,249,308.72. The disclosure for this sale can be found here. Insiders have sold 42,344 shares of company stock worth $3,239,332 over the last ninety days. 1.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in Watts Water Technologies in the 4th quarter valued at $112,000. Public Employees Retirement System of Ohio raised its position in Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after buying an additional 17 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Watts Water Technologies in the 4th quarter valued at $224,000. Dynamic Technology Lab Private Ltd purchased a new stake in Watts Water Technologies in the 3rd quarter valued at $251,000. Finally, Sawgrass Asset Management LLC purchased a new stake in Watts Water Technologies in the 4th quarter valued at $270,000. 77.19% of the stock is owned by institutional investors and hedge funds.
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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