Watts Water Technologies Inc (WTS) Releases Earnings Results, Beats Expectations By $0.05 EPS

Watts Water Technologies Inc (WTS) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.70. The company posted revenue of $371.10 million in the period, compared to analysts expectations of $366.04 million. The company’s revenue was down -4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Watts Water Technologies Inc. Watts Water Technologies Inc was Initiated by Northcoast to “Neutral” on Jul 8, 2016. Seaport Global Securities Downgraded Watts Water Technologies Inc on Jun 10, 2016 to ” Neutral”, Price Target of the shares are set at $58.Company shares were Reiterated by Wedbush on May 9, 2016 to “Neutral”, Firm has raised the Price Target to $ 60 from a previous price target of $57 .

Watts Water Technologies Inc closed down -0.52 points or -0.85% at $60.82 with 1,02,103 shares getting traded on Tusday. Post opening the session at $61.06, the shares hit an intraday low of $60.72 and an intraday high of $61.2 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 22, 2016, Kenneth Robert Lepage (General Counsel) sold 14,406 shares at $60.00 per share price. According to the SEC, on Jun 1, 2016, Joseph T Noonan (director) sold 3,922 shares at $57.42 per share price. On May 18, 2016, Elie Melhem (President- APAC, M. East, Afr.) sold 1,238 shares at $55.91 per share price, according to the Form-4 filing with the securities and exchange commission.

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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