Watsco Inc (NYSE:WSO) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Watsco in a report issued on Thursday. KeyCorp analyst J. Hammond forecasts that the construction company will post earnings per share of $0.88 for the quarter. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Watsco’s Q3 2018 earnings at $2.32 EPS, Q4 2018 earnings at $1.12 EPS and FY2019 earnings at $7.50 EPS.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Thursday, February 8th. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.10). The business had revenue of $964.35 million for the quarter, compared to analysts’ expectations of $965.85 million. Watsco had a return on equity of 14.66% and a net margin of 4.80%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share.

WSO has been the subject of several other reports. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a report on Monday, February 5th. JPMorgan Chase & Co. reduced their target price on Watsco from $180.00 to $169.00 and set a “neutral” rating for the company in a report on Monday. Morgan Stanley boosted their target price on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, October 26th. Susquehanna Bancshares set a $195.00 target price on Watsco and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Stephens set a $169.00 target price on Watsco and gave the company a “hold” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Watsco has an average rating of “Hold” and an average target price of $168.88.

Shares of Watsco (NYSE:WSO) opened at $164.93 on Monday. Watsco has a fifty-two week low of $134.08 and a fifty-two week high of $182.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.21 and a quick ratio of 1.38. The firm has a market capitalization of $5,896.55, a PE ratio of 28.49 and a beta of 0.87.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Friday, January 12th. Watsco’s payout ratio is currently 86.36%.

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

A number of hedge funds have recently modified their holdings of WSO. Renaissance Technologies LLC acquired a new position in Watsco in the 4th quarter valued at about $31,780,000. BlackRock Inc. increased its position in Watsco by 4.1% in the 4th quarter. BlackRock Inc. now owns 2,682,903 shares of the construction company’s stock valued at $456,201,000 after acquiring an additional 105,677 shares during the period. DF Dent & Co. Inc. increased its position in Watsco by 25.7% in the 3rd quarter. DF Dent & Co. Inc. now owns 430,125 shares of the construction company’s stock valued at $69,280,000 after acquiring an additional 88,072 shares during the period. Riverbridge Partners LLC increased its position in Watsco by 68.4% in the 3rd quarter. Riverbridge Partners LLC now owns 163,063 shares of the construction company’s stock valued at $26,265,000 after acquiring an additional 66,240 shares during the period. Finally, APG Asset Management N.V. acquired a new position in Watsco in the 4th quarter valued at about $7,802,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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About Watsco

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.

Earnings History and Estimates for Watsco (NYSE:WSO)

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