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

Select Water Solutions (NYSE:WTTR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Select Water Solutions to post earnings of $0.09 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.11. The company had revenue of $374.90 million during the quarter, compared to analyst estimates of $378.12 million. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. 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 Performance

WTTR opened at $9.48 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of 12.99 and a beta of 1.66. The firm has a 50-day moving average of $8.97 and a 200 day moving average of $7.97. Select Water Solutions has a fifty-two week low of $6.78 and a fifty-two week high of $9.74.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.24 annualized dividend and a yield of 2.53%. Select Water Solutions’s payout ratio is currently 32.88%.

Insiders Place Their Bets

In other Select Water Solutions news, CAO Brian Szymanski sold 8,080 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total transaction of $67,306.40. Following the completion of the transaction, the chief accounting officer now owns 84,304 shares in the company, valued at $702,252.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Select Water Solutions news, CAO Brian Szymanski sold 8,080 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total transaction of $67,306.40. Following the completion of the transaction, the chief accounting officer now owns 84,304 shares in the company, valued at $702,252.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 46,511 shares of company stock worth $398,053 over the last quarter. 8.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Northland Securities began coverage on shares of Select Water Solutions in a research report on Monday, April 22nd. They set a “market perform” rating and a $11.50 price target for the company.

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.