Waters (NYSE:WAT – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.60-$2.70 for the period, compared to the consensus earnings per share estimate of $2.88. The company issued revenue guidance of $708.1-$722.4, compared to the consensus revenue estimate of $733.15 million. Waters also updated its FY 2024 guidance to 11.550-11.650 EPS.
Waters Trading Down 1.9 %
WAT traded down $6.87 during trading on Friday, hitting $345.66. The company’s stock had a trading volume of 696,557 shares, compared to its average volume of 446,807. The firm’s 50 day moving average price is $303.98 and its 200-day moving average price is $321.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.10 and a quick ratio of 1.30. The stock has a market cap of $20.52 billion, a PE ratio of 33.92, a PEG ratio of 5.73 and a beta of 0.95. Waters has a twelve month low of $231.90 and a twelve month high of $367.21.
Waters (NYSE:WAT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.08. The company had revenue of $709.00 million during the quarter, compared to the consensus estimate of $700.09 million. Waters had a return on equity of 56.81% and a net margin of 20.71%. Waters’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.80 EPS. On average, analysts expect that Waters will post 11.62 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Waters
Insider Buying and Selling at Waters
In related news, Director Richard H. Fearon purchased 1,000 shares of Waters stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $332.90 per share, with a total value of $332,900.00. Following the completion of the transaction, the director now owns 1,653 shares of the company’s stock, valued at approximately $550,283.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Waters news, Director Christopher A. Kuebler sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $361.64, for a total value of $1,446,560.00. Following the transaction, the director now owns 14,716 shares of the company’s stock, valued at $5,321,894.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard H. Fearon bought 1,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $332.90 per share, for a total transaction of $332,900.00. Following the acquisition, the director now directly owns 1,653 shares of the company’s stock, valued at $550,283.70. The disclosure for this purchase can be found here. 0.82% of the stock is currently owned by corporate insiders.
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.
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