Wall Street analysts expect Watsco Inc (NYSE:WSO) to announce $1.39 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Watsco’s earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.37 billion. Watsco posted sales of $1.33 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The company is scheduled to report its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Watsco will report full-year sales of $4.71 billion for the current financial year, with estimates ranging from $4.66 billion to $4.75 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.88 billion, with estimates ranging from $4.79 billion to $5.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Watsco.
Watsco (NYSE:WSO) last posted its earnings results on Tuesday, April 23rd. The construction company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The firm had revenue of $931.30 million during the quarter, compared to the consensus estimate of $942.05 million. Watsco had a net margin of 5.05% and a return on equity of 14.23%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share.
Separately, Zacks Investment Research upgraded shares of Watsco from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Watsco has a consensus rating of “Hold” and a consensus price target of $171.50.
Shares of WSO traded up $1.86 during trading hours on Thursday, hitting $158.61. The company’s stock had a trading volume of 139,742 shares, compared to its average volume of 299,249. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.86 and a beta of 0.98. The company has a quick ratio of 1.27, a current ratio of 3.17 and a debt-to-equity ratio of 0.09. Watsco has a 52-week low of $131.88 and a 52-week high of $191.86.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.40 annualized dividend and a yield of 4.04%. Watsco’s dividend payout ratio is currently 98.61%.
Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its stake in Watsco by 194.1% during the first quarter. Quadrant Capital Group LLC now owns 200 shares of the construction company’s stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Watsco during the first quarter valued at approximately $27,000. Tompkins Financial Corp grew its stake in Watsco by 63.3% during the first quarter. Tompkins Financial Corp now owns 178 shares of the construction company’s stock valued at $32,000 after acquiring an additional 69 shares in the last quarter. Enlightenment Research LLC purchased a new position in Watsco during the fourth quarter valued at approximately $42,000. Finally, AdvisorNet Financial Inc purchased a new position in Watsco during the fourth quarter valued at approximately $47,000. 80.54% of the stock is owned by institutional investors.
Watsco Company Profile
Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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