Waters (NYSE:WAT) Issues FY19 Earnings Guidance

Waters (NYSE:WAT) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $8.95-9.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.08. Waters also updated its FY 2019 guidance to $8.95-9.10 EPS.

A number of analysts recently commented on the stock. UBS Group dropped their target price on shares of Waters from $248.00 to $230.00 and set a neutral rating on the stock in a report on Wednesday, April 24th. Wolfe Research assumed coverage on shares of Waters in a report on Thursday, May 30th. They issued an underperform rating on the stock. ValuEngine downgraded shares of Waters from a buy rating to a hold rating in a report on Thursday. Cleveland Research downgraded shares of Waters from a neutral rating to an underperform rating in a report on Wednesday, June 12th. Finally, Zacks Investment Research upgraded shares of Waters from a sell rating to a hold rating and set a $217.00 target price on the stock in a report on Wednesday, May 22nd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Waters has a consensus rating of Hold and an average price target of $210.54.

Shares of WAT stock traded down $2.24 during trading hours on Friday, reaching $209.52. 471,900 shares of the stock traded hands, compared to its average volume of 621,284. Waters has a 1-year low of $167.93 and a 1-year high of $255.21. The firm has a fifty day moving average of $214.46. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.35 and a quick ratio of 2.89. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 2.37 and a beta of 1.07.

Waters (NYSE:WAT) last released its quarterly earnings results on Tuesday, July 30th. The medical instruments supplier reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.03. Waters had a net margin of 24.09% and a return on equity of 50.28%. The business had revenue of $599.20 million for the quarter, compared to analyst estimates of $601.46 million. During the same quarter in the previous year, the business earned $1.95 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, analysts forecast that Waters will post 9.01 earnings per share for the current year.

Waters Company Profile

Waters Corporation, a specialty measurement company, 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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Earnings History and Estimates for Waters (NYSE:WAT)

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