Watts Water Technologies (WTS) Scheduled to Post Earnings on Wednesday

Watts Water Technologies (NYSE:WTS) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.10 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. The company had revenue of $547.50 million for the quarter, compared to analyst estimates of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. On average, analysts expect Watts Water Technologies to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Watts Water Technologies Price Performance

Shares of WTS stock opened at $204.69 on Monday. The firm has a fifty day simple moving average of $204.33 and a 200-day simple moving average of $199.10. The company has a market capitalization of $6.82 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. Watts Water Technologies has a twelve month low of $156.85 and a twelve month high of $219.52. The company has a current ratio of 2.61, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.70%. Watts Water Technologies’s payout ratio is currently 18.41%.

Analyst Ratings Changes

WTS has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Robert W. Baird upped their target price on Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $191.20.

Insider Transactions at Watts Water Technologies

In other news, insider Elie Melhem sold 2,500 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $199.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 13,564 shares of the company’s stock, valued at $2,706,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael J. Dubose sold 329 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $197.91, for a total transaction of $65,112.39. Following the transaction, the director now owns 2,392 shares of the company’s stock, valued at $473,400.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elie Melhem sold 2,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $199.50, for a total transaction of $498,750.00. Following the transaction, the insider now directly owns 13,564 shares in the company, valued at approximately $2,706,018. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,113 shares of company stock valued at $1,023,106. Insiders own 1.10% of the company’s stock.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.