Brokerages predict that Watsco, Inc. (NYSE:WSO) will announce $1.99 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Watsco’s earnings. The lowest EPS estimate is $1.89 and the highest is $2.07. Watsco reported earnings per share of $1.78 in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The company is scheduled to announce its next earnings report on Tuesday, October 24th.

On average, analysts expect that Watsco will report full year earnings of $5.74 per share for the current year, with EPS estimates ranging from $5.55 to $5.90. For the next fiscal year, analysts forecast that the business will post earnings of $6.38 per share, with EPS estimates ranging from $6.11 to $6.70. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Watsco.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, July 25th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 EPS.

A number of equities analysts recently commented on WSO shares. Robert W. Baird reissued a “buy” rating and issued a $163.00 price objective on shares of Watsco in a research note on Friday, September 1st. BidaskClub downgraded shares of Watsco from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Watsco from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued 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. Finally, Morgan Stanley reissued an “underweight” rating and issued a $141.00 price objective (up previously from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $159.50.

Large investors have recently modified their holdings of the stock. Flinton Capital Management LLC grew its holdings in Watsco by 9.1% in the first quarter. Flinton Capital Management LLC now owns 768 shares of the construction company’s stock worth $110,000 after purchasing an additional 64 shares during the last quarter. Winslow Evans & Crocker Inc. grew its holdings in Watsco by 300.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 800 shares of the construction company’s stock worth $123,000 after purchasing an additional 600 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Watsco in the second quarter worth $125,000. Public Employees Retirement Association of Colorado grew its holdings in Watsco by 15.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after purchasing an additional 129 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its holdings in Watsco by 9.1% in the first quarter. Meadow Creek Investment Management LLC now owns 1,056 shares of the construction company’s stock worth $151,000 after purchasing an additional 88 shares during the last quarter. 81.62% of the stock is owned by institutional investors.

Watsco (NYSE:WSO) traded up 3.86% during mid-day trading on Friday, hitting $153.20. The company had a trading volume of 575,936 shares. The firm has a market capitalization of $4.65 billion, a PE ratio of 28.32 and a beta of 0.82. The company has a 50 day moving average of $148.03 and a 200 day moving average of $146.11. Watsco has a 1-year low of $128.60 and a 1-year high of $159.55.

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Watsco Company Profile

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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Earnings History and Estimates for Watsco (NYSE:WSO)

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