Select Water Solutions (WTTR) to Release Quarterly Earnings on Tuesday

Select Water Solutions (NYSE:WTTR - Get Free Report) will be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. The firm had revenue of $365.13 million during the quarter, compared to the consensus estimate of $372.25 million. During the same period last year, the firm posted $0.20 EPS. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts expect Select Water Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Select Water Solutions Price Performance

Shares of NYSE WTTR traded down $0.20 on Tuesday, hitting $10.59. The company's stock had a trading volume of 478,835 shares, compared to its average volume of 1,025,612. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.63. The stock has a 50 day moving average of $11.09 and a 200-day moving average of $10.62. Select Water Solutions has a 12-month low of $6.78 and a 12-month high of $12.27. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 16.60 and a beta of 1.65.

Select Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.07 per share. This is an increase from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 2.64%. Select Water Solutions's dividend payout ratio (DPR) is presently 43.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WTTR shares. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Northland Securities upgraded shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.