Select Water Solutions (NYSE:WTTR – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02, Briefing.com reports. The business had revenue of $365.13 million for the quarter, compared to analyst estimates of $372.25 million. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.59%. Select Water Solutions’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share.
Select Water Solutions Stock Performance
Shares of Select Water Solutions stock opened at $12.20 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.45 billion, a PE ratio of 18.77 and a beta of 1.69. The company has a 50 day moving average of $10.69 and a 200-day moving average of $9.40. Select Water Solutions has a 1-year low of $6.78 and a 1-year high of $12.27.
Select Water Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, August 5th. Select Water Solutions’s dividend payout ratio is currently 36.92%.
Wall Street Analyst Weigh In
View Our Latest Report on Select Water Solutions
Insider Activity at Select Water Solutions
In other news, COO Michael Skarke sold 13,421 shares of Select Water Solutions stock in a transaction on Monday, May 13th. The stock was sold at an average price of $9.78, for a total value of $131,257.38. Following the transaction, the chief operating officer now owns 380,981 shares in the company, valued at approximately $3,725,994.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.40% of the stock is currently owned by insiders.
About Select Water Solutions
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.
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