Watts Water Technologies Inc (WTS) Releases Earnings Results, Beats Expectations By $0.08 EPS

Watts Water Technologies Inc (WTS) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.49. The company posted revenue of $344.20 million in the period, compared to analysts expectations of $337.02 million. The company’s revenue was down -3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Watts Water Technologies Inc opened for trading at $55.97 and hit $56.9 on the upside on Monday, eventually ending the session at $56.78, with a gain of 1.63% or 0.91 points. The heightened volatility saw the trading volume jump to 1,13,482 shares. Company has a market cap of $1,940 M.

In a different news, on Mar 2, 2016, Elie Melhem (President- APAC, M. East, Afr.) sold 1,000 shares at $52.09 per share price. According to the SEC, on Feb 22, 2016, John K Mcgillicuddy (director) sold 1,000 shares at $53.47 per share price.

Watts Water Technologies Inc. (Watts Water) designs manufactures and sells water safety and flow control products. The Company operates through three segments: Americas; Europe Middle East and Africa (EMEA) and Asia-Pacific. It offers a range of products in terms of design distinction size and configuration. It classifies its products into four product lines including residential and commercial flow control products which includes products for plumbing and hot water applications; heating ventilation and air conditioning (HVAC) and gas products including hydronic and electric heating systems for under-floor radiant applications commercial high-efficiency boilers water heaters and heating solutions custom heat and hot water solutions; drainage and water re-use products including drainage products and engineered rain water harvesting solutions and water quality products including point-of-use and point-of-entry water filtration conditioning and scale prevention systems.

Watts Water Technologies Inc

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