Waters (NYSE:WAT) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $9.05-9.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.34. The company issued revenue guidance of $2.468-2.517 billion, compared to the consensus revenue estimate of $2.51 billion.Waters also updated its FY19 guidance to $9.05-9.25 EPS.

Several brokerages recently commented on WAT. Zacks Investment Research upgraded Waters from a hold rating to a buy rating and set a $256.00 target price on the stock in a research report on Wednesday, January 30th. BTIG Research upped their target price on Waters to $260.00 and gave the company a buy rating in a research report on Thursday, January 24th. Barclays restated a hold rating and set a $200.00 target price on shares of Waters in a research report on Friday, January 25th. Needham & Company LLC began coverage on Waters in a research report on Wednesday, January 2nd. They set a hold rating and a $177.00 target price on the stock. Finally, Bank of America upgraded Waters from an underperform rating to a neutral rating in a research report on Thursday, January 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $208.99.

Shares of NYSE:WAT opened at $206.48 on Tuesday. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.35 and a beta of 1.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.28 and a current ratio of 5.93. Waters has a 52-week low of $167.93 and a 52-week high of $255.21.

Waters (NYSE:WAT) last announced its quarterly earnings results on Tuesday, April 23rd. The medical instruments supplier reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.13). The firm had revenue of $513.90 million during the quarter, compared to the consensus estimate of $545.82 million. Waters had a return on equity of 34.18% and a net margin of 24.54%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 EPS. Equities research analysts anticipate that Waters will post 9.35 earnings per share for the current year.

In other news, SVP Terrence P. Kelly sold 2,942 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $228.95, for a total value of $673,570.90. Following the completion of the sale, the senior vice president now directly owns 4,888 shares of the company’s stock, valued at $1,119,107.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark T. Beaudouin sold 27,848 shares of the stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $225.36, for a total value of $6,275,825.28. Following the completion of the sale, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at $630,106.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,032 shares of company stock worth $24,284,760. Corporate insiders own 0.98% of the company’s stock.

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Waters Company Profile

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, 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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