Watts Water Technologies (WTS) to Release Earnings on Wednesday

Watts Water Technologies (NYSE:WTS - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Watts Water Technologies to post earnings of $2.12 per share and revenue of $547.58 million for the quarter. Watts Water Technologies has set its FY 2025 guidance at EPS.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. On average, analysts expect Watts Water Technologies to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Watts Water Technologies Stock Up 2.1 %

WTS traded up $4.46 during trading on Friday, hitting $214.98. The company had a trading volume of 143,848 shares, compared to its average volume of 169,416. Watts Water Technologies has a 1-year low of $175.37 and a 1-year high of $232.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. The company has a market cap of $7.16 billion, a PE ratio of 24.74, a P/E/G ratio of 3.42 and a beta of 0.95. The business has a 50-day moving average of $204.35 and a 200-day moving average of $207.09.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. Watts Water Technologies's dividend payout ratio (DPR) is presently 19.79%.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the completion of the transaction, the insider now directly owns 10,469 shares of the company's stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on WTS. The Goldman Sachs Group upped their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Stifel Nicolaus raised Watts Water Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $219.00 to $229.00 in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $222.00.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.