Q2 2024 EPS Estimates for Select Water Solutions, Inc. Decreased by Northland Capmk (NYSE:WTTR)

Select Water Solutions, Inc. (NYSE:WTTR) – Stock analysts at Northland Capmk decreased their Q2 2024 EPS estimates for Select Water Solutions in a research report issued to clients and investors on Friday, May 3rd. Northland Capmk analyst B. Brooks now anticipates that the company will earn $0.09 per share for the quarter, down from their previous forecast of $0.12. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.64 per share. Northland Capmk also issued estimates for Select Water Solutions’ Q3 2024 earnings at $0.19 EPS, FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.31 EPS and Q4 2025 earnings at $0.34 EPS.

Separately, 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 objective for the company.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $9.14 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.94. Select Water Solutions has a one year low of $6.78 and a one year high of $9.74. The company has a market cap of $1.08 billion, a P/E ratio of 14.05 and a beta of 1.65. The business has a fifty day moving average of $9.05 and a two-hundred day moving average of $8.04.

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

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, May 2nd. Select Water Solutions’s dividend payout ratio (DPR) is presently 36.92%.

Insider Activity

In other Select Water Solutions news, CFO Nick L. Swyka sold 9,009 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $8.55, for a total transaction of $77,026.95. Following the completion of the transaction, the chief financial officer now owns 272,140 shares of the company’s stock, valued at $2,326,797. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Select Water Solutions news, SVP Christopher Kile George sold 23,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the transaction, the senior vice president now owns 255,587 shares of the company’s stock, valued at approximately $2,205,715.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Nick L. Swyka sold 9,009 shares of Select Water Solutions stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $8.55, for a total value of $77,026.95. Following the completion of the sale, the chief financial officer now directly owns 272,140 shares of the company’s stock, valued at approximately $2,326,797. The disclosure for this sale can be found here. Insiders have sold 46,511 shares of company stock worth $398,053 over the last ninety days. 8.10% of the stock is currently owned by insiders.

Institutional Trading of Select Water Solutions

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Select Water Solutions in the third quarter valued at $28,000. New York State Teachers Retirement System acquired a new stake in shares of Select Water Solutions in the fourth quarter worth $54,000. Principal Financial Group Inc. purchased a new position in shares of Select Water Solutions in the 3rd quarter valued at $95,000. Mackenzie Financial Corp acquired a new position in shares of Select Water Solutions during the 3rd quarter valued at $100,000. Finally, Clough Capital Partners L P acquired a new position in shares of Select Water Solutions during the 3rd quarter valued at $112,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.