Waters (NYSE:WAT – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $11.55-$11.65 for the period, compared to the consensus earnings per share estimate of $11.78. Waters also updated its FY 2024 guidance to 11.550-11.650 EPS.
Waters Stock Up 0.7 %
Shares of Waters stock opened at $330.00 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 1.60. Waters has a 12-month low of $231.90 and a 12-month high of $367.21. The company has a market cap of $19.58 billion, a P/E ratio of 32.16, a PEG ratio of 5.13 and a beta of 0.95. The company’s fifty day simple moving average is $303.73 and its two-hundred day simple moving average is $321.18.
Waters (NYSE:WAT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The medical instruments supplier reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.11. Waters had a net margin of 20.75% and a return on equity of 66.59%. The company had revenue of $636.80 million for the quarter, compared to analysts’ expectations of $635.57 million. During the same quarter in the previous year, the company earned $2.49 earnings per share. Waters’s quarterly revenue was down 7.0% on a year-over-year basis. Research analysts anticipate that Waters will post 11.83 EPS for the current year.
Analyst Upgrades and Downgrades
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Insider Activity
In related news, Director Richard H. Fearon bought 1,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $332.90 per share, with a total value of $332,900.00. Following the transaction, the director now owns 1,653 shares in the company, valued at approximately $550,283.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard H. Fearon acquired 1,000 shares of Waters stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $332.90 per share, for a total transaction of $332,900.00. Following the completion of the transaction, the director now owns 1,653 shares in the company, valued at $550,283.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher A. Kuebler sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $361.64, for a total value of $1,446,560.00. Following the sale, the director now owns 14,716 shares of the company’s stock, valued at $5,321,894.24. The disclosure for this sale can be found here. 0.82% of the stock is owned by corporate insiders.
About Waters
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.
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