Watsco Inc (NYSE:WSO) – Equities research analysts at William Blair raised their Q3 2019 EPS estimates for Watsco in a research note issued on Thursday, July 18th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $2.25 per share for the quarter, up from their previous forecast of $2.23. William Blair also issued estimates for Watsco’s Q4 2019 earnings at $0.98 EPS, FY2019 earnings at $6.57 EPS and FY2020 earnings at $7.20 EPS.
Watsco (NYSE:WSO) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $2.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.54 by ($0.14). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. Watsco had a return on equity of 14.66% and a net margin of 5.17%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $2.40 earnings per share.
Separately, Zacks Investment Research upgraded shares of Inflarx from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $168.80.
Shares of WSO stock opened at $160.52 on Monday. The stock’s 50 day moving average is $162.78. 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 $5.84 billion, a P/E ratio of 24.73, a PEG ratio of 1.86 and a beta of 0.91. Watsco has a 12-month low of $131.88 and a 12-month high of $187.46.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be given a $1.60 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.99%. Watsco’s payout ratio is 98.61%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH raised its position in shares of 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 buying an additional 67 shares in the last quarter. Tompkins Financial Corp raised its position in shares of Watsco by 63.3% in 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 in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Watsco by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,254 shares of the construction company’s stock valued at $368,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Watsco by 1.2% in 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 in the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of Watsco by 0.9% in 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 in the last quarter. Institutional investors own 78.64% of the company’s stock.
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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