Select Water Solutions (WTTR) Set to Announce Quarterly Earnings on Tuesday

Select Water Solutions (NYSE:WTTR) will be announcing its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $366.60 million during the quarter, compared to the consensus estimate of $369.29 million. Select Water Solutions had a net margin of 4.28% and a return on equity of 7.46%. Select Water Solutions’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS. On average, analysts expect Select Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Select Water Solutions Stock Up 2.6 %

Shares of NYSE WTTR opened at $11.52 on Monday. The firm’s 50-day moving average is $10.63 and its 200-day moving average is $9.33. Select Water Solutions has a 1 year low of $6.78 and a 1 year high of $11.55. The firm has a market capitalization of $1.37 billion, a PE ratio of 17.72 and a beta of 1.69. The company has a current ratio of 1.94, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.24 annualized dividend and a dividend yield of 2.08%. Select Water Solutions’s dividend payout ratio is currently 36.92%.

Analyst Ratings Changes

WTTR has been the topic of several recent analyst reports. Citigroup raised shares of Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, May 9th. Northland Securities started coverage on shares of Select Water Solutions in a research note on Monday, April 22nd. They issued a “market perform” rating and a $11.50 price target on the stock.

Insider Activity

In other news, COO Michael Skarke sold 13,421 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $9.78, for a total value of $131,257.38. Following the transaction, the chief operating officer now directly owns 380,981 shares of the company’s stock, valued at $3,725,994.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.40% of the company’s stock.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.