Watts Water Technologies Inc reports results for the quarter ended in March - Earnings Summary

Watts Water Technologies

04/05/2022 02:03

* Watts Water Technologies Inc  WTS.N  reported quarterly
adjusted
earnings of $1.63​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of $1.37 per share.
    * Revenue rose 12.1% to $463.20 million from a year ago; 
analysts
expected $442.79 million. 
    * Watts Water Technologies Inc's reported EPS for the
quarter was
$1.61​.
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Watts Water Technologies Inc shares had fallen by 7.7%
this
quarter and lost 33.7% so far this year.
    * The company reported quarterly net income of $54.5
million.
    * Wall Street's median 12-month price target for Watts Water
Technologies Inc is $147.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 4 at 01:03 a.m.  ​All
figures in US dollars unless otherwise stated