Waters (WAT) to Release Quarterly Earnings on Tuesday

Waters (NYSE:WAT) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Waters to post earnings of $4.03 per share and revenue of $856.24 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Waters (NYSE:WAT) last issued its quarterly earnings results on Friday, November 1st. The medical instruments supplier reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. The company had revenue of $740.30 million during the quarter, compared to analysts’ expectations of $712.99 million. Waters had a net margin of 21.43% and a return on equity of 49.93%. Waters’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $2.84 EPS. On average, analysts expect Waters to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Waters Stock Performance

Waters stock opened at $415.66 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average is $386.96 and its 200 day moving average is $358.70. Waters has a twelve month low of $279.24 and a twelve month high of $423.56. The company has a market capitalization of $24.68 billion, a P/E ratio of 39.66, a PEG ratio of 7.25 and a beta of 1.01.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Waters from $332.00 to $360.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Waters from $310.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Jefferies Financial Group raised shares of Waters from a “hold” rating to a “buy” rating and upped their price target for the company from $355.00 to $415.00 in a research report on Tuesday, October 8th. Cfra set a $389.00 price objective on shares of Waters in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Waters from $340.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $384.71.

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.