On Apr 2, 2013, shares of
) hit a 52-week high of $95.50, reflecting a year-to-date return
of 7.65%. The company beat its previous 52-week high of $95.41
attained on Mar 5.
Shares of this leading laboratory solutions provider have been
riding high since it reported solid fourth quarter 2012 results
on Jan 22. The company's current P/E ratio on a trailing-12-month
basis is 18.4. Average volume of shares aggregate 317k.
The company has hidden strengths in multiple areas, which
drove its shares to a new high. Waters Corp. reported earnings of
$1.59 per share from continuing operations, beating the Zacks
Consensus Estimate by a penny. Earnings in the quarter increased
1.9% from $1.56 in the year-ago quarter, benefiting from its
stringent cost-control and disciplined pricing initiatives.
Recently in Mar, Waters Corp.unleashed a bunch of new and
innovative products and technologies at the Pittsburgh Conference
on Analytical Chemistry and Applied Spectroscopy (Pittcon). The
noteworthy products unveiled include Waters ACQUITY Advanced
Polymer Chromatography (
) System, Paradigm Scientific Search Software, Quality Control
Reference Materials (QCRMs) and the updated Alliance HPLC
Additionally, Waters Corp. also entered into a partnership
with Dani Instruments for using its Empower Chromatography Data
Software to control the former's Headspace and Gas Chromatography
instruments. This partnership might benefit the company
Waters Corp. is expected to continue a sustained momentum in
offering a portfolio of new products to augment its revenues. The
company's strong competitive position and strategic market
initiatives are likely to facilitate it to perform well. Waters
Corp. also has a positive ESP (Read:
Zacks Earnings ESP: A Better Method
) of 0.91%, which indicates that its earnings, scheduled to be
announced on Apr 23, are expected to surpass estimates.
Other Stocks to Consider
Waters Corp. is expected to derive significant benefits from
new product innovations in the future. Presently, Waters Corp.
has a Zacks Rank #4 (Sell). Some other companies of the industry
worth considering at the moment are
each carrying a Zacks Rank #2 (Buy).
CRANE CO (CR): Free Stock Analysis Report
METTLER-TOLEDO (MTD): Free Stock Analysis
PERKINELMER INC (PKI): Free Stock Analysis
WATERS CORP (WAT): Free Stock Analysis Report
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