Waters (NYSE:WAT) Updates Q4 2024 Earnings Guidance

Waters (NYSE:WAT) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.900-4.100 for the period, compared to the consensus estimate of 4.090. The company issued revenue guidance of $846.5 million-$862.9 million, compared to the consensus revenue estimate of $853.3 million. Waters also updated its FY 2024 guidance to 11.670-11.870 EPS.

Wall Street Analyst Weigh In

WAT has been the subject of several research analyst reports. Cfra set a $389.00 target price on shares of Waters in a research note on Thursday, October 17th. TD Cowen increased their price objective on Waters from $325.00 to $363.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Leerink Partnrs raised shares of Waters from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Barclays increased their target price on shares of Waters from $300.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI increased their price objective on shares of Waters from $335.00 to $355.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Waters presently has an average rating of “Hold” and an average target price of $342.58.

Waters Trading Down 1.2 %

Waters stock opened at $322.57 on Friday. Waters has a 12-month low of $234.04 and a 12-month high of $367.21. The stock has a market capitalization of $19.15 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 6.42 and a beta of 0.95. The firm has a 50 day simple moving average of $341.42 and a 200-day simple moving average of $324.75. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.10 and a quick ratio of 1.42.

Waters (NYSE:WAT) last posted its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.08. Waters had a return on equity of 56.81% and a net margin of 20.71%. The firm had revenue of $709.00 million for the quarter, compared to the consensus estimate of $700.09 million. During the same quarter in the previous year, the company earned $2.80 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities research analysts expect that Waters will post 11.6 EPS for the current fiscal year.

Waters Company Profile

Waters Corporation 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.