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|
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