Waters (WAT) Scheduled to Post Earnings on Friday

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

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

Waters Price Performance

Shares of NYSE:WAT opened at $327.30 on Friday. The company has a market capitalization of $19.43 billion, a P/E ratio of 32.60, a P/E/G ratio of 6.67 and a beta of 0.95. Waters has a 1-year low of $231.90 and a 1-year high of $367.21. The firm’s 50 day simple moving average is $342.46 and its two-hundred day simple moving average is $325.13. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.10 and a quick ratio of 1.42.

Analyst Upgrades and Downgrades

WAT has been the topic of a number of analyst reports. Evercore ISI lifted their target price on shares of Waters from $335.00 to $355.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group upgraded Waters to a “hold” rating in a research report on Wednesday, July 31st. Barclays upped their price objective on Waters from $300.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 15th. Leerink Partners raised Waters from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $325.00 to $375.00 in a research note on Thursday, August 1st. Finally, TD Cowen upped their price target on Waters from $325.00 to $363.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.