Waters Corporation (WAT) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.24. The company posted revenue of $475.30 million in the period, compared to analysts expectations of $471.48 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.
Many Wall Street Analysts have commented on Waters Corporation. Waters Corporation was Downgraded by BofA/Merrill to ” Neutral” on Apr 5, 2016. Barclays Initiated Waters Corporation on Mar 1, 2016 to “Equal Weight”, Price Target of the shares are set at $125.
Waters Corporation opened for trading at $137.92 and hit $138.52 on the upside on Friday, eventually ending the session at $138.14, with a gain of 0.33% or 0.46 points. The heightened volatility saw the trading volume jump to 4,87,911 shares. Company has a market cap of $11,224 M.
In a different news, on Mar 15, 2016, Rohit Khanna (Sr VP, Applied Technology) sold 700 shares at $128.88 per share price. According to the SEC, on Mar 10, 2016, Eugene G Cassis (Chief Financial Officer) sold 8,000 shares at $127.59 per share price. On Jan 5, 2016, Joann A Reed (director) sold 5,003 shares at $132.18 per share price, according to the Form-4 filing with the securities and exchange commission.
Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Divisions products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Divisions products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Companys products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.