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Waters Corp. (WAT)
NYSE:WAT
WAT Stock Chart & Stats
$328.14
-$3.31(-0.88%)
At close: 4:00 PM EST
$328.14
-$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)30.5
Beta0.64
Next Earnings
May 12, 2026EPS Estimate
2.36Next 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
$414.08Price Target Upside26.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Acquisition SynergiesAnalyst notes the BD Biosciences and Diagnostics acquisition should unlock meaningful revenue and cost synergies that strengthen market position and could boost future earnings as integration progresses.
Recurring Revenue And Replacement CycleAn increasing share of recurring consumables and services revenue, along with a broad instrument replacement cycle, supports steadier top‑line growth and potential margin expansion.
Valuation UpsidePost‑pullback valuation appears more attractive versus peers and historical averages, creating potential upside if management executes on integration and growth plans.
Bears Say
Acquired Business UnderperformanceWeak results from the acquired business, including headwinds tied to changing China reimbursement dynamics, raise doubts about the speed of recovery and present material downside risk to revenue near term.
Guidance And Pacing UncertaintyConservative and uneven guidance creates a messy earnings progression that could obscure acquisition benefits and weaken investor confidence.
Integration And Strategic Fit RiskIntegration challenges and questions about whether the deal fits within the company's core capabilities increase the risk that the acquisition will be harder and costlier to turn around than anticipated.
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 90 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 2.36.
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 down -13.94%.
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
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$414.08 (26.19% Upside)
$414.08 (26.19% 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 ▲ 8.9%
Last 30 Days ▲ 8.1%
Last 30 Days ▲ 8.1%
News Sentiment
Very Bullish
Bullish news 83%
Bearish news 17%
Bearish news 17%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-19.86%
12-Months-Change
Fundamentals
Return on Equity
29.28%
Trailing 12-Months
Asset Growth
11.64%
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
$414.08
▲(26.19% Upside)
Technical Analysis
Ownership Overview
0.13% Insiders
24.78% Mutual Funds
0.40% Other Institutional Investors
46.31% Public Companies and
Individual Investors