Waters (NYSE:WAT) Issues Q2 2021 Earnings Guidance

Waters (NYSE:WAT) updated its second quarter 2021 earnings guidance on Wednesday. The company provided EPS guidance of 2.150-2.250 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.110. The company issued revenue guidance of $603.18 million-$623.98 million, compared to the consensus revenue estimate of $596.35 million.Waters also updated its FY 2021 guidance to 9.850-10.050 EPS.

Waters stock traded down $3.24 during trading on Friday, reaching $312.24. The company had a trading volume of 394,142 shares, compared to its average volume of 374,141. The firm has a market capitalization of $19.27 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 8.79 and a beta of 0.97. The firm’s 50-day simple moving average is $299.67 and its 200 day simple moving average is $266.14. Waters has a 1-year low of $171.38 and a 1-year high of $320.39.

Waters (NYSE:WAT) last released its earnings results on Wednesday, May 5th. The medical instruments supplier reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.72. The business had revenue of $608.55 million during the quarter, compared to analysts’ expectations of $522.81 million. Waters had a net margin of 22.61% and a negative return on equity of 349.31%. The company’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. As a group, analysts expect that Waters will post 7.94 EPS for the current fiscal year.

A number of analysts have recently issued reports on WAT shares. SVB Leerink boosted their price target on Waters from $290.00 to $300.00 and gave the stock a market perform rating in a research report on Wednesday. TheStreet raised shares of Waters from a c rating to an a- rating in a report on Tuesday, February 2nd. Wells Fargo & Company raised their price target on shares of Waters from $280.00 to $290.00 and gave the stock an underweight rating in a research note on Wednesday. Finally, Citigroup upped their price objective on shares of Waters from $250.00 to $300.00 in a research note on Wednesday, February 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $249.56.

In other Waters news, Director Linda Baddour sold 1,249 shares of the stock in a transaction dated Thursday, May 13th. The shares were sold at an average price of $314.99, for a total transaction of $393,422.51. Following the completion of the transaction, the director now owns 3,046 shares of the company’s stock, valued at $959,459.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joann A. Reed sold 1,600 shares of Waters stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $263.31, for a total transaction of $421,296.00. Corporate insiders own 1.50% of the company’s stock.

About Waters

Waters Corporation, a specialty measurement company, 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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Earnings History and Estimates for Waters (NYSE:WAT)

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