Select Water Solutions (NYSE:WTTR – Get Free Report) posted its earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01, Briefing.com reports. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter last year, the company posted $0.14 EPS. Select Water Solutions’s quarterly revenue was down 4.6% compared to the same quarter last year.
Select Water Solutions Stock Performance
Shares of WTTR stock traded up $0.63 during trading hours on Tuesday, reaching $11.13. 1,154,080 shares of the company traded hands, compared to its average volume of 1,019,194. The firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $10.67. 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 company has a market cap of $1.32 billion, a P/E ratio of 19.19 and a beta of 1.67. Select Water Solutions has a 12-month low of $6.99 and a 12-month high of $12.27.
Select Water Solutions Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.52%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) is presently 41.38%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Select Water Solutions
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.
Featured Stories
- Five stocks we like better than Select Water Solutions
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Palantir Cracks $50, Is There Still Time to Get on Board?
- What Are Dividend Contenders? Investing in Dividend Contenders
- Insider Buying Signals Upside for These 3 Stocks
- Dividend Capture Strategy: What You Need to Know
- These 2 Big Players Are Set to Compete With Elon Musk’s Starlink
Receive News & Ratings for Select Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.