For its first fiscal quarter (ending March 31), Watts Water Technologies Inc (NYSE: WTS) has reported a 12% increase in E.P.S. from $1.94 a year ago to $2.17 in the current quarter. However, this performance was $-0.01 short of the consensus estimate of $2.18. E.P.S. were $8.08 for the latest four quarters through March 31 versus $7.83 for the same period a year ago — an increase of 3%.
Recent Price Action
Watts Water Technologies Inc (NYSE: WTS) stock increased 1.5% on 5/8/24. The shares closed at $212.24. Moreover, trading volume in this advance was above average at 146% of normal. The stock has risen 6.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WTS is expected to continue to be an important Value Builder.
Watts Water Technologies has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Watts Water Technologies has a poor Appreciation Score of 25 but a slightly positive Power Rating of 63, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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