TSC Ratings' Updates: Watts Water
PWRD's very impressive revenue growth greatly exceeded the industry average of 16.1%. Since the same quarter one year prior, revenue leaped by 183.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
PWRD has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.13, which clearly demonstrates the ability to cover short-term cash needs.
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the software industry. The net income increased by 244.8% when compared with the same quarter one year prior, rising from $6.95 million to $23.98 million.
The gross profit margin for PWRD is currently very high, coming in at 89.30%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 49.20% significantly outperformed against the industry average.Additional ratings changes from Aug. 27 are listed below.
|Ticker||Company Name||Change||New Rating||Former Rating|
|BECN||Beacon Roofing Supply Inc.||Upgrade||Buy||Hold|
|COKE||Coca-Cola Bottling Co. Consolidated||Upgrade||Hold||Sell|
|DFS||Discover Financial Services Inc.||Upgrade||Hold||Sell|
|FFBC||First Financial Bancorp||Upgrade||Buy||Hold|
|FRZ||Reddy Ice Holdings Inc.||Upgrade||Hold||Sell|
|GVA||Granite Construction Inc.||Upgrade||Buy||Hold|
|IMRX||Imarx Therapeutics Inc.||Initiated||Sell|
|MCCC||Mediacom Communications Corp.||Upgrade||Hold||Sell|
|MCGC||MCG Capital Corp.||Downgrade||Sell||Hold|
|MFLX||Multi-Fineline Electron Inc.||Downgrade||Hold||Buy|
|PEI||Pennsylvania Real Estate Investment||Downgrade||Sell||Hold|
|PERY||Ellis Perry International Inc.||Downgrade||Hold||Buy|
|TESS||Tessco Technologies Inc.||Upgrade||Buy||Hold|
|WTS||Watts Water Technologies||Upgrade||Buy||Hold|
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV