Watts Water Technologies (WTS) Expected to Announce Quarterly Earnings on Monday

Watts Water Technologies (NYSE:WTS) is expected to release its earnings data after the market closes on Monday, February 10th. Analysts expect Watts Water Technologies to post earnings of $1.91 per share and revenue of $537.12 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Watts Water Technologies Stock Performance

Shares of NYSE WTS opened at $205.14 on Friday. Watts Water Technologies has a 1 year low of $175.37 and a 1 year high of $222.70. The firm has a market cap of $6.84 billion, a P/E ratio of 24.60, a PEG ratio of 3.38 and a beta of 0.93. The stock has a fifty day moving average price of $208.26 and a two-hundred day moving average price of $202.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55.

Watts Water Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.84%. Watts Water Technologies’s dividend payout ratio is currently 20.62%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price target on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Finally, Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $220.50.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.