Watsco Inc (NYSE:WSO) – Equities research analysts at Seaport Global Securities raised their Q2 2018 earnings per share estimates for Watsco in a research report issued on Friday. Seaport Global Securities analyst W. Liptak now anticipates that the construction company will earn $2.56 per share for the quarter, up from their prior forecast of $2.38. Seaport Global Securities also issued estimates for Watsco’s Q3 2018 earnings at $2.39 EPS, FY2018 earnings at $6.99 EPS, Q1 2019 earnings at $1.01 EPS, Q2 2019 earnings at $2.94 EPS, Q3 2019 earnings at $2.66 EPS, Q4 2019 earnings at $1.45 EPS and FY2019 earnings at $8.06 EPS.

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

Several other equities analysts have also weighed in on WSO. Susquehanna Bancshares set a $195.00 price target on Watsco and gave the company a “buy” rating in a research note on Friday. Stephens set a $169.00 price target on Watsco and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Watsco from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Monday, February 5th. KeyCorp restated a “buy” rating on shares of Watsco in a research note on Friday, November 17th. Finally, Morgan Stanley lifted their price target on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $170.71.

Watsco (NYSE:WSO) opened at $164.98 on Monday. 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 has a 52 week low of $134.08 and a 52 week high of $182.79. The firm has a market capitalization of $5,896.55, a PE ratio of 28.49 and a beta of 0.87.

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

In other Watsco news, SVP Barry S. Logan sold 3,246 shares of the business’s stock in a transaction that occurred 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 sale, 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 available through this link. 13.93% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of WSO. Advisor Group Inc. increased its stake in Watsco by 132.4% during the 2nd quarter. Advisor Group Inc. now owns 1,706 shares of the construction company’s stock worth $263,000 after buying an additional 972 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Watsco by 107.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,717 shares of the construction company’s stock worth $7,050,000 after buying an additional 23,686 shares in the last quarter. Stifel Financial Corp increased its stake in Watsco by 114.5% during the 2nd quarter. Stifel Financial Corp now owns 10,696 shares of the construction company’s stock worth $1,644,000 after buying an additional 5,710 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Watsco during the 2nd quarter worth approximately $257,000. Finally, Royal Bank of Canada increased its stake in Watsco by 46.9% during the 2nd quarter. Royal Bank of Canada now owns 12,986 shares of the construction company’s stock worth $2,002,000 after buying an additional 4,146 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

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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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