Select Water Solutions (WTTR) to Release Earnings on Tuesday

Select Water Solutions (NYSE:WTTR - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Select Water Solutions to post earnings of $0.09 per share for the quarter.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.11. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The firm had revenue of $374.90 million during the quarter, compared to analyst estimates of $378.12 million. During the same period last year, the firm posted $0.07 EPS. The business's revenue was down 1.8% compared to the same quarter last year. On average, analysts expect Select Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock traded up $0.12 during trading hours on Tuesday, hitting $9.39. 815,765 shares of the company's stock traded hands, compared to its average volume of 1,146,685. Select Water Solutions has a 12-month low of $6.78 and a 12-month high of $9.74. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.70 and a beta of 1.66. The company has a fifty day simple moving average of $8.83 and a 200-day simple moving average of $7.92.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Tuesday, February 6th. Select Water Solutions's dividend payout ratio is presently 32.88%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Select Water Solutions news, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Nick L. Swyka sold 9,009 shares of Select Water Solutions stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $8.55, for a total transaction of $77,026.95. Following the completion of the sale, the chief financial officer now owns 272,140 shares in the company, valued at approximately $2,326,797. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $8.60, for a total value of $55,229.20. Following the sale, the chief accounting officer now owns 95,936 shares of the company's stock, valued at approximately $825,049.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,511 shares of company stock valued at $398,053. 8.10% of the stock is owned by insiders.

Select Water Solutions Company Profile

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.