Wall Street analysts expect Watsco, Inc. (NYSE:WSO) to announce earnings of $1.00 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Watsco’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.96. Watsco reported earnings per share of $0.81 during the same quarter last year, which suggests a positive year over year growth rate of 23.5%. The company is scheduled to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that Watsco will report full year earnings of $5.59 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.65. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.36 per share, with EPS estimates ranging from $6.15 to $6.68. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Watsco.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Watsco had a net margin of 4.46% and a return on equity of 15.00%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share.

Several research firms recently issued reports on WSO. KeyCorp reissued a “buy” rating on shares of Watsco in a research report on Friday, November 17th. Morgan Stanley upped their price target on Watsco from $141.00 to $151.00 and gave the company an “underweight” rating in a research report on Monday, September 25th. Stifel Nicolaus reissued a “buy” rating and set a $154.00 price target on shares of Watsco in a research report on Thursday, September 7th. Zacks Investment Research lowered Watsco from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $163.00 target price on shares of Watsco in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Watsco has a consensus rating of “Hold” and an average target price of $160.40.

Watsco (WSO) traded down $0.27 during mid-day trading on Wednesday, hitting $165.27. The company had a trading volume of 431,907 shares, compared to its average volume of 212,328. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13. The firm has a market cap of $5,916.56, a price-to-earnings ratio of 30.83 and a beta of 0.83. Watsco has a twelve month low of $134.08 and a twelve month high of $171.15.

In other Watsco news, SVP Barry S. Logan sold 3,246 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total value of $533,317.80. Following the sale, the senior vice president now directly owns 15,800 shares of the company’s stock, valued at $2,595,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.93% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WSO. San Francisco Sentry Investment Group CA acquired a new stake in Watsco in the second quarter worth $125,000. Public Employees Retirement Association of Colorado increased its position in Watsco by 15.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after buying an additional 129 shares during the period. CIBC Asset Management Inc acquired a new stake in Watsco in the third quarter worth $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Watsco by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,340 shares of the construction company’s stock valued at $207,000 after purchasing an additional 166 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Watsco during the third quarter valued at $207,000. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “$1.00 Earnings Per Share Expected for Watsco, Inc. (WSO) This Quarter” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/1-00-earnings-per-share-expected-for-watsco-inc-wso-this-quarter/1768329.html.

Watsco Company Profile

Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.

Get a free copy of the Zacks research report on Watsco (WSO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Watsco (NYSE:WSO)

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with Analyst Ratings Network's FREE daily email newsletter.