Waters (NYSE:WAT) will be releasing its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Waters to post earnings of $2.43 per share for the quarter.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.03. The company had revenue of $565.58 million during the quarter, compared to the consensus estimate of $555.25 million. Waters had a return on equity of 23.61% and a net margin of 24.34%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 EPS. On average, analysts expect Waters to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Waters (NYSE:WAT) opened at $210.72 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.71 and a current ratio of 6.16. The firm has a market capitalization of $16,759.19, a price-to-earnings ratio of 31.08, a PEG ratio of 2.82 and a beta of 0.82. Waters has a 12 month low of $137.72 and a 12 month high of $211.65.

Several research firms have recently weighed in on WAT. Morgan Stanley upgraded Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price target for the company in a research note on Monday, December 4th. Evercore ISI began coverage on Waters in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $198.00 price target for the company. Goldman Sachs Group began coverage on Waters in a research note on Tuesday, September 26th. They issued a “hold” rating and a $180.00 target price for the company. Zacks Investment Research upgraded Waters from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research note on Monday, October 23rd. Finally, Cleveland Research downgraded Waters from a “buy” rating to a “neutral” rating in a research note on Monday, October 9th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $197.33.

In other news, Director Joann A. Reed sold 1,386 shares of Waters stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $194.07, for a total transaction of $268,981.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Miller sold 3,500 shares of Waters stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $194.94, for a total value of $682,290.00. Following the sale, the director now owns 25,849 shares of the company’s stock, valued at approximately $5,039,004.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,159 shares of company stock valued at $18,412,172. 5.07% of the stock is owned by corporate insiders.

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About Waters

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.

Earnings History for Waters (NYSE:WAT)

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