Watts Water (WTS) Hits 52-Week High On Strong Q3 Performance
Zacks Investment Research | Nov 19, 2017 09:23PM ET
Shares of Watts Water Technologies, Inc. (NYSE:WTS) scaled a new 52-week high of $72.20 on Nov 17, eventually closing lower at $72.05.
The company has a market cap of $2.5 billion. Over the last three months, its average volume of shares traded has been approximately 126.1K. Also, Watts Water surpassed the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive earnings surprise of 3.66%.
Notably, the stock has gained 14.9% over the past six months, higher than the S&P 500’s gain of 7.7%. Watts Water has also outperformed the Style Score of B. Our Growth Style Score highlights all the vital metrics of a company’s financials to obtain a clearer picture of the quality and sustainability of its growth. Our research shows that stocks with Style Scores of A or B, when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3, offer the best investment opportunities.
What's Driving Watts Water?
Investors seem to be impressed with the company’s third-quarter 2017 performance, wherein it outpaced the Zacks Consensus Estimate by 2.6% on the bottom-line front. The improvement was driven by transformations and restructuring actions, PVI acquisition and higher volumes.
On the top-line front, Watts Water also surpassed the consensus mark by 1.3% in the reported quarter.
Watts Water Technologies, Inc. Price and Consensus
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