Watts Water Technologies (WTS) Set to Announce Earnings on Wednesday

Watts Water Technologies (NYSE:WTS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.10 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.19. The business had revenue of $547.50 million during the quarter, compared to analyst estimates of $532.58 million. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. On average, analysts expect Watts Water Technologies to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Watts Water Technologies Price Performance

NYSE:WTS opened at $198.56 on Wednesday. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.95 and a beta of 0.94. Watts Water Technologies has a 1 year low of $156.85 and a 1 year high of $219.52. The business has a 50 day simple moving average of $204.00 and a 200-day simple moving average of $198.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, February 29th. Watts Water Technologies’s payout ratio is 18.41%.

Insider Transactions at Watts Water Technologies

In other news, CAO Virginia A. Halloran sold 1,520 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the sale, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Virginia A. Halloran sold 1,520 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the transaction, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Dubose sold 329 shares of Watts Water Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $197.91, for a total transaction of $65,112.39. Following the sale, the director now directly owns 2,392 shares of the company’s stock, valued at approximately $473,400.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,113 shares of company stock worth $1,023,106. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WTS. Robert W. Baird raised their target price on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus increased their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and a consensus target price of $191.20.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.