Watts Water Technologies Inc (NYSE: WTS) has reported earnings for its second fiscal quarter (ending June 30) of $2.44 versus $2.27 for the same period a year ago — an increase of 7%. This result exceeded the consensus estimate of $2.33 by $0.11. For the latest four quarters through June 30, E.P.S. were $8.25 versus $8.02 for the same period a year ago — an increase of 3%.
Recent Price Action
Watts Water Technologies Inc (NYSE: WTS) stock declined modestly by -1.4% on 8/7/24. The stock closed at $193.68. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -6.6% during the last week.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Watts Water Technologies has a neutral Power Rating of 40 but a poor Appreciation Score of 26, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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