What is Northland Capmk's Estimate for WTTR FY2024 Earnings?

Select Water Solutions, Inc. (NYSE:WTTR - Free Report) - Investment analysts at Northland Capmk decreased their FY2024 EPS estimates for Select Water Solutions in a research note issued to investors on Friday, November 8th. Northland Capmk analyst B. Brooks now expects that the company will post earnings per share of $0.38 for the year, down from their previous estimate of $0.47. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Select Water Solutions' current full-year earnings is $0.40 per share. Northland Capmk also issued estimates for Select Water Solutions' Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $0.95 EPS.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The firm had revenue of $371.35 million during the quarter, compared to analyst estimates of $352.98 million. During the same period last year, the business earned $0.14 earnings per share. The business's revenue was down 4.6% on a year-over-year basis.

Separately, Northland Securities raised shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $11.50 to $14.50 in a research report on Thursday, August 22nd.

Select Water Solutions Stock Down 2.2 %

NYSE WTTR traded down $0.31 during mid-day trading on Monday, reaching $13.64. The stock had a trading volume of 1,577,095 shares, compared to its average volume of 1,039,772. Select Water Solutions has a 1 year low of $6.99 and a 1 year high of $14.48. The stock has a market cap of $1.62 billion, a PE ratio of 23.12 and a beta of 1.67. The company has a fifty day moving average price of $11.23 and a 200 day moving average price of $10.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.63.

Institutional Investors Weigh In On Select Water Solutions

A number of hedge funds have recently modified their holdings of the business. Foundry Partners LLC boosted its holdings in Select Water Solutions by 29.8% in the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company's stock worth $6,931,000 after buying an additional 142,919 shares during the period. Intech Investment Management LLC bought a new position in Select Water Solutions in the 3rd quarter worth $259,000. Empowered Funds LLC boosted its holdings in Select Water Solutions by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 574,381 shares of the company's stock worth $6,393,000 after buying an additional 29,212 shares during the period. Royce & Associates LP boosted its holdings in Select Water Solutions by 1.9% in the 3rd quarter. Royce & Associates LP now owns 1,682,413 shares of the company's stock worth $18,725,000 after buying an additional 31,192 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Select Water Solutions by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company's stock worth $42,495,000 after buying an additional 47,511 shares during the period. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 of this dividend is Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.05%. Select Water Solutions's payout ratio is presently 47.46%.

About Select Water Solutions

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.