Equities analysts predict that Watsco Inc (NYSE:WSO) will report $1.06 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Watsco’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.07. Watsco reported earnings per share of $0.90 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.8%. The business is scheduled to announce its next earnings results on Thursday, February 14th.

On average, analysts expect that Watsco will report full-year earnings of $6.50 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $6.76. For the next year, analysts forecast that the firm will report earnings of $7.04 per share, with EPS estimates ranging from $6.90 to $7.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Watsco.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Thursday, October 25th. The construction company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.15). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Watsco had a net margin of 5.15% and a return on equity of 14.00%. During the same period last year, the company posted $1.82 earnings per share.

Several equities analysts have recently commented on WSO shares. Jefferies Financial Group started coverage on shares of Watsco in a research note on Friday, October 12th. They set a “hold” rating and a $160.00 price objective for the company. ValuEngine downgraded shares of Watsco from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of Watsco from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research note on Thursday, September 27th. Buckingham Research reduced their price target on shares of Watsco from $187.00 to $167.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Finally, JPMorgan Chase & Co. cut shares of Watsco from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $166.00 to $176.00 in a research report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $182.38.

Shares of NYSE:WSO opened at $145.96 on Friday. The stock has a market cap of $5.40 billion, a PE ratio of 26.64, a PEG ratio of 1.79 and a beta of 0.91. Watsco has a 12 month low of $138.61 and a 12 month high of $192.94.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, October 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, October 12th. Watsco’s dividend payout ratio is currently 105.84%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bruderman Asset Management LLC purchased a new position in shares of Watsco during the second quarter valued at about $111,000. First Hawaiian Bank purchased a new stake in Watsco in the third quarter worth about $135,000. Alps Advisors Inc. purchased a new stake in Watsco in the third quarter worth about $232,000. Ontario Teachers Pension Plan Board purchased a new stake in Watsco in the second quarter worth about $241,000. Finally, Stevens Capital Management LP purchased a new stake in Watsco in the second quarter worth about $242,000. Institutional investors own 82.72% of the company’s stock.

Watsco Company Profile

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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Earnings History and Estimates for Watsco (NYSE:WSO)

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