Q1 2024 Earnings Estimate for Select Water Solutions, Inc. Issued By Northland Capmk (NYSE:WTTR)

Select Water Solutions, Inc. (NYSE:WTTR - Free Report) - Research analysts at Northland Capmk issued their Q1 2024 earnings per share estimates for shares of Select Water Solutions in a research report issued to clients and investors on Monday, April 22nd. Northland Capmk analyst B. Brooks expects that the company will post earnings per share of $0.08 for the quarter. The consensus estimate for Select Water Solutions' current full-year earnings is $0.73 per share. Northland Capmk also issued estimates for Select Water Solutions' Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.04 EPS.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.11. The company had revenue of $374.90 million for the quarter, compared to analysts' expectations of $378.12 million. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS.

Separately, Northland Securities initiated coverage on shares of Select Water Solutions in a research note on Monday. They set a "market perform" rating and a $11.50 price target on the stock.

Select Water Solutions Stock Performance

NYSE:WTTR traded down $0.03 during trading hours on Wednesday, hitting $9.36. The company's stock had a trading volume of 975,237 shares, compared to its average volume of 1,144,514. Select Water Solutions has a 52-week low of $6.78 and a 52-week high of $9.74. The business's 50-day moving average is $8.87 and its two-hundred day moving average is $7.94. The company has a market capitalization of $1.11 billion, a PE ratio of 12.82 and a beta of 1.66.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Tuesday, February 6th. Select Water Solutions's payout ratio is currently 32.88%.

Insider Buying and Selling

In other news, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction on Monday, February 26th. The stock was sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the transaction, the chief accounting officer now owns 95,936 shares of the company's stock, valued at approximately $825,049.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Christopher Kile George sold 23,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total value of $198,490.00. Following the sale, the senior vice president now owns 255,587 shares of the company's stock, valued at approximately $2,205,715.81. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian Szymanski sold 6,422 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the transaction, the chief accounting officer now directly owns 95,936 shares of the company's stock, valued at approximately $825,049.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,511 shares of company stock valued at $398,053. 8.10% of the stock is owned by insiders.

Institutional Trading of Select Water Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Select Water Solutions by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,031,868 shares of the company's stock valued at $45,782,000 after buying an additional 300,115 shares during the period. Vanguard Group Inc. raised its holdings in Select Water Solutions by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,063,979 shares of the company's stock valued at $40,259,000 after acquiring an additional 464,946 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Select Water Solutions by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company's stock worth $35,666,000 after purchasing an additional 145,714 shares during the period. Gendell Jeffrey L boosted its holdings in shares of Select Water Solutions by 12.1% during the third quarter. Gendell Jeffrey L now owns 1,121,189 shares of the company's stock worth $8,913,000 after purchasing an additional 121,199 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Select Water Solutions by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company's stock valued at $8,221,000 after purchasing an additional 136,489 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.