Select Water Solutions, Inc. (NYSE:WTTR) Expected to Earn Q1 2024 Earnings of $0.08 Per Share

Select Water Solutions, Inc. (NYSE:WTTR) – Analysts at Northland Capmk issued their Q1 2024 earnings per share (EPS) estimates for Select Water Solutions in a research note issued to investors on Monday, April 22nd. Northland Capmk analyst B. Brooks expects that the company will earn $0.08 per share for the quarter. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.70 per share. Northland Capmk also issued estimates for Select Water Solutions’ Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.04 EPS.

Separately, Northland Securities assumed coverage on Select Water Solutions in a research report on Monday. They set a “market perform” rating and a $11.50 target price for the company.

Select Water Solutions Trading Up 0.6 %

NYSE:WTTR opened at $9.42 on Wednesday. Select Water Solutions has a 12-month low of $6.78 and a 12-month high of $9.74. The stock has a 50-day moving average price of $8.91 and a 200 day moving average price of $7.95. The stock has a market capitalization of $1.11 billion, a P/E ratio of 12.73 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.11. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The business had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $378.12 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, May 2nd. Select Water Solutions’s payout ratio is presently 32.88%.

Insider Activity at Select Water Solutions

In related news, CAO Brian Szymanski sold 6,422 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at $825,049.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Christopher Kile George sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total value of $198,490.00. Following the completion of the sale, the senior vice president now directly owns 255,587 shares of the company’s stock, valued at approximately $2,205,715.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Szymanski sold 6,422 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the sale, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at $825,049.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,511 shares of company stock valued at $398,053. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Select Water Solutions

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of Select Water Solutions by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,553,352 shares of the company’s stock worth $36,199,000 after acquiring an additional 728,101 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Select Water Solutions during the 4th quarter worth approximately $4,778,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Select Water Solutions by 113.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,646 shares of the company’s stock worth $7,526,000 after acquiring an additional 503,780 shares during the last quarter. Vanguard Group Inc. increased its holdings in Select Water Solutions by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,063,979 shares of the company’s stock worth $40,259,000 after purchasing an additional 464,946 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Select Water Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,031,868 shares of the company’s stock valued at $45,782,000 after purchasing an additional 300,115 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

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.