Waters (NYSE:WAT) Releases Q3 2019 Earnings Guidance

Waters (NYSE:WAT) updated its third quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.05-2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.21. The company issued revenue guidance of $583.80121-595.36163 million, compared to the consensus revenue estimate of $598.79 million.Waters also updated its FY 2019 guidance to $8.95-9.10 EPS.

A number of research analysts recently commented on the company. ValuEngine cut Waters from a buy rating to a hold rating in a report on Thursday. UBS Group lowered their price target on Waters from $248.00 to $230.00 and set a neutral rating on the stock in a report on Wednesday, April 24th. Cleveland Research cut Waters from a neutral rating to an underperform rating in a report on Wednesday, June 12th. Bank of America cut Waters from a neutral rating to an underperform rating in a report on Tuesday, July 16th. Finally, Wolfe Research assumed coverage on Waters in a report on Thursday, May 30th. They issued an underperform rating on the stock. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $210.54.

NYSE:WAT traded down $3.52 during trading hours on Friday, reaching $208.24. The stock had a trading volume of 92,656 shares, compared to its average volume of 562,939. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.35 and a quick ratio of 2.89. Waters has a 52 week low of $167.93 and a 52 week high of $255.21. The company’s 50 day moving average price is $214.37. The company has a market capitalization of $14.82 billion, a PE ratio of 25.12, a PEG ratio of 2.37 and a beta of 1.07.

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

About Waters

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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