Watsco, Inc. (NYSE:WSO) to Release Earnings on Tuesday
Watsco, Inc. (NYSE:WSO) is set to post its quarterly earnings results before the market opens on Tuesday, July 25th. Analysts expect Watsco to post earnings of $2.05 per share for the quarter.
Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.13. The business had revenue of $872.10 million for the quarter, compared to analysts’ expectations of $877.45 million. Watsco had a return on equity of 13.81% and a net margin of 4.13%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, analysts expect Watsco to post $5.71 EPS for the current fiscal year and $6.37 EPS for the next fiscal year.
Watsco, Inc. (NYSE:WSO) opened at 149.35 on Tuesday. Watsco, Inc. has a 52 week low of $128.60 and a 52 week high of $159.55. The stock’s 50 day moving average is $145.41 and its 200 day moving average is $146.67. The stock has a market cap of $4.88 billion, a PE ratio of 29.01 and a beta of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a $1.25 dividend. The ex-dividend date is Thursday, July 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.35%. This is a positive change from Watsco’s previous quarterly dividend of $1.05. Watsco’s dividend payout ratio is presently 97.66%.
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WSO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Watsco from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $176.00 price objective (up previously from $163.00) on shares of Watsco in a research note on Friday, June 23rd. Seaport Global Securities upgraded shares of Watsco from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $160.00 in a research note on Wednesday, April 26th. BidaskClub lowered shares of Watsco from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Wolfe Research started coverage on shares of Watsco in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.14.
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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