FY2024 Earnings Estimate for WTTR Issued By Seaport Res Ptn

Select Water Solutions, Inc. (NYSE:WTTR) – Analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for Select Water Solutions in a note issued to investors on Thursday, November 7th. Seaport Res Ptn analyst T. Curran now forecasts that the company will earn $0.41 per share for the year, down from their prior forecast of $0.48. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.40 per share. Seaport Res Ptn also issued estimates for Select Water Solutions’ Q4 2024 earnings at $0.10 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $0.94 EPS.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same period last year, the business posted $0.14 EPS. The business’s revenue was down 4.6% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Stock Up 1.9 %

NYSE:WTTR opened at $13.90 on Monday. The company’s 50-day simple moving average is $11.29 and its 200-day simple moving average is $10.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.78. Select Water Solutions has a fifty-two week low of $6.99 and a fifty-two week high of $14.48. The stock has a market capitalization of $1.65 billion, a P/E ratio of 23.55 and a beta of 1.67.

Select Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 2.02%. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Institutional Investors Weigh In On Select Water Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Select Water Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,569,379 shares of the company’s stock worth $70,291,000 after purchasing an additional 214,915 shares during the period. Vanguard Group Inc. lifted its stake in Select Water Solutions by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock valued at $51,866,000 after acquiring an additional 188,347 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of 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 valued at $42,495,000 after acquiring an additional 47,511 shares during the last quarter. Webs Creek Capital Management LP increased its stake in shares of Select Water Solutions by 16.1% in the first quarter. Webs Creek Capital Management LP now owns 2,208,733 shares of the company’s stock worth $20,387,000 after acquiring an additional 306,547 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Select Water Solutions by 87.3% during the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock worth $20,438,000 after purchasing an additional 890,470 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.