$1.00 Earnings Per Share Expected for Watsco, Inc. (WSO) This Quarter
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.
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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.
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