Analysts forecast that Watsco, Inc. (NYSE:WSO) will announce sales of $965.62 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Watsco’s earnings, with the highest sales estimate coming in at $979.30 million and the lowest estimate coming in at $957.30 million. Watsco posted sales of $913.61 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.7%. The firm is expected to issue its next earnings report on Tuesday, February 13th.

On average, analysts expect that Watsco will report full year sales of $965.62 million for the current financial year, with estimates ranging from $4.33 billion to $4.36 billion. For the next financial year, analysts expect that the firm will report sales of $4.56 billion per share, with estimates ranging from $4.53 billion to $4.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Watsco.

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

A number of analysts have issued reports on WSO shares. Morgan Stanley raised their target price on Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $154.00 target price on shares of Watsco in a research note on Thursday, September 7th. KeyCorp reaffirmed a “buy” rating on shares of Watsco in a research note on Friday, November 17th. Zacks Investment Research downgraded Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $163.00 target price on shares of Watsco in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $160.40.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in shares of Watsco by 0.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,426 shares of the construction company’s stock worth $374,000 after purchasing an additional 21 shares during the period. Bank of Montreal Can boosted its holdings in Watsco by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 2,867 shares of the construction company’s stock valued at $442,000 after acquiring an additional 22 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Watsco by 1.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,542 shares of the construction company’s stock valued at $392,000 after acquiring an additional 32 shares during the period. Prudential Financial Inc. boosted its holdings in Watsco by 0.4% during the 2nd quarter. Prudential Financial Inc. now owns 18,918 shares of the construction company’s stock valued at $2,917,000 after acquiring an additional 66 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Watsco by 15.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock valued at $147,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

Shares of Watsco (NYSE WSO) traded down $2.81 on Friday, hitting $165.54. The company’s stock had a trading volume of 119,800 shares, compared to its average volume of 273,271. Watsco has a twelve month low of $134.08 and a twelve month high of $171.15. The firm has a market cap of $5,950.00, a P/E ratio of 31.35 and a beta of 0.83. The company has a quick ratio of 1.42, a current ratio of 3.13 and a debt-to-equity ratio of 0.21.

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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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