Watsco, Inc. (NYSE:WSO) – KeyCorp issued their Q1 2017 EPS estimates for Watsco in a research note issued on Tuesday. KeyCorp analyst J. Hammond forecasts that the brokerage will post earnings per share of $0.78 for the quarter. KeyCorp also issued estimates for Watsco’s Q2 2017 earnings at $2.02 EPS, Q3 2017 earnings at $1.89 EPS, Q4 2017 earnings at $0.95 EPS and FY2018 earnings at $6.20 EPS.

Several other research analysts have also weighed in on WSO. Stephens lowered shares of Watsco from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 13th. They noted that the move was a valuation call. Morgan Stanley lowered shares of Watsco from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $160.00 to $152.00 in a research note on Monday, December 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Watsco from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $145.91.

Earnings History and Estimates for Watsco (NYSE:WSO)

“KeyCorp Comments on Watsco, Inc.’s Q1 2017 Earnings (WSO)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The correct version of this article can be viewed at http://www.watchlistnews.com/keycorp-comments-on-watsco-inc-s-q1-2017-earnings-wso/1120766.html.

Shares of Watsco (NYSE:WSO) traded up 1.1319% during midday trading on Thursday, hitting $150.0798. The stock had a trading volume of 138,692 shares. Watsco has a 1-year low of $123.64 and a 1-year high of $159.55. The company’s 50 day moving average price is $151.14 and its 200-day moving average price is $146.09. The firm has a market capitalization of $4.90 billion, a PE ratio of 29.1361 and a beta of 0.76.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The business earned $913.30 million during the quarter, compared to analyst estimates of $947.76 million. Watsco had a net margin of 4.10% and a return on equity of 13.79%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its stake in shares of Watsco by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 836 shares of the company’s stock valued at $118,000 after buying an additional 3 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of Watsco by 0.6% in the third quarter. Foundry Partners LLC now owns 1,660 shares of the company’s stock valued at $234,000 after buying an additional 10 shares during the last quarter. Washington Trust Bank boosted its stake in shares of Watsco by 1.9% in the third quarter. Washington Trust Bank now owns 851 shares of the company’s stock valued at $120,000 after buying an additional 16 shares during the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Watsco by 0.8% in the second quarter. Anchor Capital Advisors LLC now owns 5,035 shares of the company’s stock valued at $708,000 after buying an additional 40 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Watsco by 0.3% in the third quarter. BB&T Securities LLC now owns 16,756 shares of the company’s stock valued at $2,360,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

“KeyCorp Comments on Watsco, Inc.’s Q1 2017 Earnings (WSO)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The correct version of this article can be viewed at http://www.watchlistnews.com/keycorp-comments-on-watsco-inc-s-q1-2017-earnings-wso/1120766.html.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $4.20 dividend on an annualized basis and a yield of 2.83%. Watsco’s dividend payout ratio (DPR) is currently 83.00%.

Watsco Company Profile

Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.

5 Day Chart for NYSE:WSO

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