Brokerages predict that Watsco, Inc. (NYSE:WSO) will post earnings of $1.00 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Watsco’s earnings. The highest EPS estimate is $1.06 and the lowest is $0.96. Watsco posted earnings of $0.81 per share in the same quarter last year, which suggests a positive year over year growth rate of 23.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Watsco will report full year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.65. For the next financial year, analysts expect that the firm will post earnings of $6.36 per share, with EPS estimates ranging from $6.15 to $6.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Watsco.

Watsco (NYSE:WSO) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.13). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. Watsco had a net margin of 4.46% and a return on equity of 15.00%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 earnings per share.

WSO has been the topic of several analyst reports. Morgan Stanley raised their target price on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, October 26th. Stifel Nicolaus reiterated a “buy” rating and set a $154.00 target price on shares of Watsco in a report on Thursday, September 7th. KeyCorp reiterated a “buy” rating on shares of Watsco in a report on Friday, November 17th. Zacks Investment Research downgraded Watsco from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Robert W. Baird reiterated a “buy” rating and set a $163.00 target price on shares of Watsco in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $160.40.

In related news, SVP Barry S. Logan sold 3,246 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total transaction of $533,317.80. Following the sale, the senior vice president now directly owns 15,800 shares in the company, valued at approximately $2,595,940. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.93% of the company’s stock.

Several large investors have recently made changes to their positions in WSO. Vanguard Group Inc. increased its holdings in Watsco by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,489,042 shares of the construction company’s stock worth $383,810,000 after purchasing an additional 34,943 shares during the last quarter. FMR LLC increased its holdings in Watsco by 10.7% during the 2nd quarter. FMR LLC now owns 1,023,513 shares of the construction company’s stock worth $157,826,000 after purchasing an additional 99,041 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Watsco by 54.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,680 shares of the construction company’s stock worth $134,994,000 after purchasing an additional 309,675 shares during the last quarter. State Street Corp increased its holdings in Watsco by 6.8% during the 2nd quarter. State Street Corp now owns 799,293 shares of the construction company’s stock worth $123,247,000 after purchasing an additional 50,751 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Watsco by 1.8% during the 3rd quarter. Wells Fargo & Company MN now owns 765,046 shares of the construction company’s stock worth $123,227,000 after purchasing an additional 13,404 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Shares of Watsco (NYSE WSO) traded up $0.59 during trading hours on Wednesday, hitting $168.82. The company had a trading volume of 266,300 shares, compared to its average volume of 274,330. The stock has a market cap of $6,012.71, a P/E ratio of 31.33 and a beta of 0.83. The company has a current ratio of 3.13, a quick ratio of 1.42 and a debt-to-equity ratio of 0.21. Watsco has a 1-year low of $134.08 and a 1-year high of $171.15.

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About Watsco

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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