Watsco (WSO) to Release Quarterly Earnings on Wednesday
Watsco (NYSE:WSO) is scheduled to issue its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $1.43 per share and revenue of $1.11 billion for the quarter. Watsco has set its FY13 guidance at $3.65-3.80 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
Watsco (NYSE:WSO) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.40 by $0.08. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts expect Watsco to post $3.78 EPS for the current fiscal year and $4.51 EPS for the next fiscal year.
Shares of Watsco (NYSE:WSO) opened at 95.72 on Tuesday. Watsco has a 1-year low of $64.85 and a 1-year high of $97.61. The stock’s 50-day moving average is $92.39 and its 200-day moving average is $88.45. The company has a market cap of $3.080 billion and a P/E ratio of 30.57.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, October 10th. This is an increase from Watsco’s previous quarterly dividend of $0.25.
A number of analysts have recently weighed in on WSO shares. Analysts at Robert W. Baird reiterated a “buy” rating on shares of Watsco in a research note to investors on Monday, October 7th. They now have a $113.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Watsco from $81.00 to $89.00 in a research note to investors on Monday, October 7th. They now have an “underweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Watsco in a research note to investors on Tuesday, October 1st. They set a “neutral” rating and a $98.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $94.44.
Watsco, Inc(NYSE:WSO) is the distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry.
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