Watsco Inc Expected to Earn Q1 2018 Earnings of $0.88 Per Share (WSO)

Watsco Inc (NYSE:WSO) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Watsco in a research note issued to investors on Thursday. KeyCorp analyst J. Hammond anticipates that the construction company will post earnings of $0.88 per share for the quarter. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Watsco’s Q3 2018 earnings at $2.32 EPS, Q4 2018 earnings at $1.12 EPS and FY2019 earnings at $7.50 EPS.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a report on Monday, January 22nd. Susquehanna Bancshares set a $195.00 price target on Watsco and gave the company a “buy” rating in a report on Friday. Stephens set a $169.00 price target on Watsco and gave the company a “hold” rating in a report on Thursday. Finally, Morgan Stanley raised their price target on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $170.71.

Shares of Watsco (NYSE WSO) opened at $164.98 on Monday. Watsco has a 1-year low of $134.08 and a 1-year high of $182.79. The firm has a market capitalization of $5,896.55, a PE ratio of 30.22 and a beta of 0.87. The company has a quick ratio of 1.42, a current ratio of 3.21 and a debt-to-equity ratio of 0.01.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The company had revenue of $964.35 million for the quarter, compared to analysts’ expectations of $965.85 million. Watsco had a return on equity of 14.66% and a net margin of 4.80%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS.

Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its position in shares of Watsco by 1.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,096 shares of the construction company’s stock valued at $1,403,000 after purchasing an additional 146 shares during the last quarter. Brookstone Capital Management increased its position in shares of Watsco by 17.1% during the 3rd quarter. Brookstone Capital Management now owns 2,155 shares of the construction company’s stock valued at $347,000 after purchasing an additional 314 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Watsco by 1.7% during the 3rd quarter. Prudential Financial Inc. now owns 19,248 shares of the construction company’s stock valued at $3,100,000 after purchasing an additional 330 shares during the last quarter. Pennsylvania Trust Co increased its position in shares of Watsco by 1.6% during the 4th quarter. Pennsylvania Trust Co now owns 30,127 shares of the construction company’s stock valued at $5,122,000 after purchasing an additional 463 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Watsco by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,773 shares of the construction company’s stock valued at $9,988,000 after purchasing an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

In other news, SVP Barry S. Logan sold 3,246 shares of the 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 transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 13.93% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were given a dividend of $1.25 per share. The ex-dividend date was Friday, January 12th. This represents a $5.00 annualized dividend and a dividend yield of 3.03%. Watsco’s dividend payout ratio (DPR) is presently 86.36%.

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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.

Earnings History and Estimates for Watsco (NYSE:WSO)

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