Watsco, Inc. (NYSE:WSO) will 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 announced its earnings results on Tuesday, April 25th. The construction company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.13. Watsco had a return on equity of 13.81% and a net margin of 4.13%. The business had revenue of $872.10 million during the quarter, compared to analysts’ expectations of $877.45 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Watsco’s quarterly revenue was up 2.4% on a year-over-year basis. 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. (WSO) opened at 149.35 on Tuesday. The stock has a market cap of $4.88 billion, a P/E ratio of 29.01 and a beta of 0.83. The stock has a 50 day moving average price of $145.41 and a 200-day moving average price of $146.67. Watsco, Inc. has a 52 week low of $128.60 and a 52 week high of $159.55.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $5.00 annualized dividend and a dividend yield of 3.35%. This is an increase from Watsco’s previous quarterly dividend of $1.05. Watsco’s dividend payout ratio (DPR) is 97.66%.
Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Watsco from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Wolfe Research initiated coverage on shares of Watsco in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of Watsco from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $176.00 target price (up previously from $163.00) on shares of Watsco in a research report on Friday, June 23rd. Finally, Seaport Global Securities raised shares of Watsco from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $160.00 in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Watsco has an average rating of “Hold” and an average target price 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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