Select Water Solutions (NYSE:WTTR) Announces Earnings Results, Misses Estimates By $0.05 EPS

Select Water Solutions (NYSE:WTTR - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05), Briefing.com reports. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The business had revenue of $366.60 million for the quarter, compared to analysts' expectations of $369.29 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Select Water Solutions's revenue was down 12.0% compared to the same quarter last year.

Select Water Solutions Stock Down 1.2 %

Shares of NYSE WTTR traded down $0.12 during mid-day trading on Wednesday, reaching $9.13. 2,209,193 shares of the company were exchanged, compared to its average volume of 1,155,236. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 12.45 and a beta of 1.66. Select Water Solutions has a 1 year low of $6.78 and a 1 year high of $9.74. The firm has a 50-day moving average of $9.03 and a 200 day moving average of $8.00.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, May 2nd. Select Water Solutions's dividend payout ratio (DPR) is currently 32.88%.

Analyst Ratings Changes

Separately, Northland Securities initiated coverage on Select Water Solutions in a report on Monday, April 22nd. They issued a "market perform" rating and a $11.50 target price for the company.

Insider Buying and Selling

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

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.