Watsco (WSO) Releases Quarterly Earnings Results
Watsco (NYSE:WSO) posted its quarterly earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.01, Analyst Ratings Network.com reports. The company had revenue of $827.40 million for the quarter, compared to the consensus estimate of $808.84 million.
Shares of Watsco (NYSE:WSO) opened at 95.56 on Thursday. Watsco has a 1-year low of $74.51 and a 1-year high of $99.01. The stock’s 50-day moving average is $94.72 and its 200-day moving average is $93.7. The company has a market cap of $3.078 billion and a P/E ratio of 28.73.
A number of analysts have recently weighed in on WSO shares. Analysts at Goldman Sachs downgraded shares of Watsco from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 14th. Analysts at Zacks reiterated a “neutral” rating on shares of Watsco in a research note on Thursday, December 5th. They now have a $97.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Watsco presently has an average rating of “Hold” and a consensus price target of $96.75.
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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