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Waters Corp. (WAT)
NYSE:WAT
WAT Stock Chart & Stats
$381.29
-$3.31(-0.88%)
At close: 4:00 PM EST
$381.29
-$3.31(-0.88%)
Day’s Range― - ―
52-Week Range$275.05 - $414.15
Previous CloseN/A
Volume75.18K
Average Volume (3M)482.11K
Market Cap
$22.70B
Enterprise Value$20.57B
Total Cash (Recent Filing)$459.12M
Total Debt (Recent Filing)$1.49B
Price to Earnings (P/E)35.1
Beta0.64
Next Earnings
May 12, 2026EPS Estimate
2.4Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)4.53
Shares Outstanding59,547,680
10 Day Avg. Volume620,946
30 Day Avg. Volume482,106
Financial Highlights & Ratios
PEG Ratio-31.26
Price to Book (P/B)12.04
Price to Sales (P/S)7.44
P/FCF Ratio35.52
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue6.62
Enterprise Value/Gross Profit11.23
Enterprise Value/Ebitda19.70
Forecast
1Y Price Target
$437.25Price Target Upside14.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Recurring Revenue MixA rising share of consumables and services should create steadier recurring revenue that supports cash flow stability and margin resilience as the installed base expands.
Software MonetizationShift of Empower toward a SaaS model opens a scalable, high‑margin software revenue stream that could substantially increase recurring revenue and lifetime customer value.
ValuationValuation appears attractive relative to historical averages and peers, implying meaningful upside if operational momentum and strategic initiatives continue to play out.
Bears Say
Deal And Integration RiskReliance on assumed revenue and cost synergies from the BD transaction, combined with integration complexity, creates execution risk that could weigh on returns and investor confidence.
Guidance ShortfallFirst‑quarter adjusted earnings guidance well below analyst expectations risks near‑term downside to sentiment and could pressure the stock until visibility improves.
Instrument Demand WeaknessWeaker than expected core instrument revenue raises concerns about the strength of the instrument replacement cycle and may signal slower equipment demand than models assume.
Waters News
WAT FAQ
What was Waters Corp.’s price range in the past 12 months?
Waters Corp. lowest stock price was $275.05 and its highest was $414.15 in the past 12 months.
What is Waters Corp.’s market cap?
Waters Corp.’s market cap is $22.70B.
When is Waters Corp.’s upcoming earnings report date?
Waters Corp.’s upcoming earnings report date is May 12, 2026 which is in 91 days.
How were Waters Corp.’s earnings last quarter?
Waters Corp. released its earnings results on Feb 09, 2026. The company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.02.
Is Waters Corp. overvalued?
According to Wall Street analysts Waters Corp.’s price is currently Undervalued.
Does Waters Corp. pay dividends?
Waters Corp. does not currently pay dividends.
What is Waters Corp.’s EPS estimate?
Waters Corp.’s EPS estimate is 2.4.
How many shares outstanding does Waters Corp. have?
Waters Corp. has 59,547,680 shares outstanding.
What happened to Waters Corp.’s price movement after its last earnings report?
Waters Corp. reported an EPS of $4.53 in its last earnings report, beating expectations of $4.51. Following the earnings report the stock price went up 6.294%.
Which hedge fund is a major shareholder of Waters Corp.?
Currently, no hedge funds are holding shares in WAT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Waters Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$437.25 (14.68% Upside)
$437.25 (14.68% Upside)
Blogger Sentiment
Bullish
WAT Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 2.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.9%
Last 30 Days ▲ 6.4%
Last 30 Days ▲ 6.4%
News Sentiment
Bullish
Bullish news 79%
Bearish news 21%
Bearish news 21%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-7.21%
12-Months-Change
Fundamentals
Return on Equity
32.99%
Trailing 12-Months
Asset Growth
7.78%
Trailing 12-Months
Company Description
Waters Corp.
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.
WAT Company Deck
WAT Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational execution, continued product-led growth (especially LC‑MS and chemistry), improved commercial KPIs, robust free cash flow and a completed acquisition with defined synergy targets and industry‑leading combined guidance. Near‑term challenges center on underperformance in the acquired BD franchises (China/POC/export timing), TA weakness, short‑term timing effects from the Empower subscription transition, and higher pro forma leverage and dilution. Management has laid out conservative baselines and actionable synergy and commercial plans, suggesting upside if execution is successful.View all WAT earnings summariesWAT Revenue Breakdown
34.90% Waters instrument systems
19.11% Chemistry consumables
34.02% Waters service
8.32% TA instrument systems
3.64% TA service
WAT Stock 12 Month Forecast
Average Price Target
$437.25
▲(14.68% Upside)
Technical Analysis
Ownership Overview
0.13% Insiders
24.78% Mutual Funds
0.40% Other Institutional Investors
46.31% Public Companies and
Individual Investors