Watsco Inc (NYSE:WSO) – Equities research analysts at KeyCorp raised their Q2 2019 earnings per share (EPS) estimates for Watsco in a report issued on Sunday, July 7th. KeyCorp analyst J. Hammond now forecasts that the construction company will earn $2.54 per share for the quarter, up from their previous forecast of $2.52. KeyCorp also issued estimates for Watsco’s Q3 2019 earnings at $2.22 EPS.

Separately, Zacks Investment Research upgraded shares of Inflarx from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Watsco has an average rating of “Hold” and a consensus target price of $168.80.

Shares of Watsco stock opened at $162.58 on Wednesday. Watsco has a fifty-two week low of $131.88 and a fifty-two week high of $187.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.17 and a quick ratio of 1.27. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.93 and a beta of 0.91. The company has a 50 day moving average of $162.11.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Watsco had a net margin of 5.05% and a return on equity of 14.23%. The business had revenue of $931.30 million for the quarter, compared to analyst estimates of $942.05 million. During the same quarter last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Monday, July 15th. Watsco’s dividend payout ratio (DPR) is currently 98.61%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Keybank National Association OH increased its stake in Watsco by 3.6% in the first quarter. Keybank National Association OH now owns 1,950 shares of the construction company’s stock valued at $279,000 after purchasing an additional 67 shares in the last quarter. Tompkins Financial Corp grew its holdings in shares of 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 buying an additional 69 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Watsco by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the construction company’s stock valued at $1,232,000 after buying an additional 100 shares during the last quarter. State Treasurer State of Michigan grew its holdings in shares of Watsco by 0.9% during the first quarter. State Treasurer State of Michigan now owns 11,500 shares of the construction company’s stock valued at $1,647,000 after buying an additional 100 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in shares of Watsco by 6.1% during the first quarter. Webster Bank N. A. now owns 1,997 shares of the construction company’s stock valued at $286,000 after buying an additional 114 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for Watsco (NYSE:WSO)

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