Watsco (WSO) Set to Announce Earnings on Monday

Watsco (NYSE:WSO) will be releasing its earnings data before the market opens on Monday, April 23rd. Analysts expect Watsco to post earnings of $0.91 per share for the quarter.

Watsco (NYSE:WSO) last posted its earnings results on Thursday, February 8th. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.10). The firm 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 company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. On average, analysts expect Watsco to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

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Shares of Watsco stock opened at $187.35 on Friday. The stock has a market capitalization of $7,132.16, a P/E ratio of 34.27 and a beta of 0.82. Watsco has a twelve month low of $135.80 and a twelve month high of $192.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.38 and a current ratio of 3.21.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a $1.45 dividend. The ex-dividend date is Friday, April 13th. This is a positive change from Watsco’s previous quarterly dividend of $1.25. This represents a $5.80 dividend on an annualized basis and a yield of 3.10%. Watsco’s dividend payout ratio (DPR) is currently 105.84%.

WSO has been the topic of a number of research reports. Zacks Investment Research raised shares of Watsco from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Monday, April 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $191.00 price target on shares of Watsco in a research note on Wednesday, April 4th. ValuEngine raised shares of Watsco from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Susquehanna Bancshares set a $195.00 price target on shares of Watsco and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Stephens set a $169.00 price target on shares of Watsco and gave the company a “hold” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $176.00.

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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.

Earnings History for Watsco (NYSE:WSO)

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