Watts Water Technologies, Inc. (NYSE:WTS) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.87 per share.
Looking ahead, the full year income are expected at $ 3.51 per share on the revenues of $ 1464.62 million.
Previous Quarter Performance
Watts Water Technologies, Inc. came out with income for the second quarter of $ 0.74 per share, from the revenue of $ 338.70 million. The quarterly earnings reduced 32.11 percent while revenues fell 18.74 percent compared with the same quarter last year.
According to street consensus, WTS was expected to report 2Q20 income of $ 0.39 per share from revenue of $ 315.64 million. The bottom line results beat street analysts by $ 0.35 or 89.74 percent, at the same time, top line results outshined analysts by $ 23.06 million or 7.31 percent.
Stock Performance
Shares of Watts Water Technologies, Inc. traded up $ 2.29 or 2.02 percent on Tuesday, reaching $ 115.91 with volume of 214.80 thousand shares. Watts Water Technologies, Inc. has traded high as $ 116.83 and has cracked $ 114.82 on the downward trend
According to the previous trading day, closing price of $ 115.91, representing a 64.62 % increase from the 52 week low of $ 69.02 and a 2.75 % decrease over the 52 week high of $ 116.83.
The company has a market capital of $ 3.90 billion and is part of the Industrials sector and Diversified Industrials industry.
Watts Water Technologies, Inc. designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
