Wall Street brokerages expect that Watts Water Technologies, Inc. (NYSE:WTS) will post earnings of $0.73 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Watts Water Technologies’ earnings. The lowest EPS estimate is $0.71 and the highest is $0.76. Watts Water Technologies posted earnings of $0.64 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The business is expected to announce its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Watts Water Technologies will report full year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.04. For the next year, analysts anticipate that the firm will post earnings of $3.28 per share, with EPS estimates ranging from $3.24 to $3.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Watts Water Technologies.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm had revenue of $347.70 million during the quarter, compared to analyst estimates of $361.22 million. During the same quarter last year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year.

A number of research analysts recently commented on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $71.00 price target on shares of Watts Water Technologies in a report on Wednesday, October 4th. Boenning Scattergood reissued an “outperform” rating on shares of Watts Water Technologies in a research note on Tuesday, September 5th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, September 18th. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price objective on shares of Watts Water Technologies in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $72.83.

Watts Water Technologies (NYSE:WTS) opened at $74.70 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. Watts Water Technologies has a 1-year low of $59.15 and a 1-year high of $74.95. The company has a market cap of $2,540.61, a PE ratio of 25.48, a P/E/G ratio of 2.06 and a beta of 1.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, November 30th. Watts Water Technologies’s payout ratio is 28.15%.

In related news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC grew its holdings in Watts Water Technologies by 44.3% in the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after purchasing an additional 532 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Watts Water Technologies by 157.1% during the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock valued at $114,000 after buying an additional 1,100 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Watts Water Technologies by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after buying an additional 17 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Watts Water Technologies during the second quarter valued at $130,000. Finally, Quantbot Technologies LP grew its holdings in shares of Watts Water Technologies by 823.9% during the second quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock valued at $144,000 after buying an additional 2,035 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

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Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

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Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

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