Wall Street analysts expect Watsco Inc (NYSE:WSO) to announce sales of $1.39 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Watsco’s earnings. The lowest sales estimate is $1.37 billion and the highest is $1.40 billion. Watsco posted sales of $1.33 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The business is scheduled to issue its next earnings results on Wednesday, July 24th.
On average, analysts expect that Watsco will report full-year sales of $4.71 billion for the current year, with estimates ranging from $4.66 billion to $4.75 billion. For the next year, analysts anticipate that the company will post sales of $4.88 billion, with estimates ranging from $4.79 billion to $5.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Watsco.
Watsco (NYSE:WSO) last posted its earnings results on Tuesday, April 23rd. The construction company reported $0.88 EPS for the quarter, meeting 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 return on equity of 14.23% and a net margin of 5.05%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share.
Watsco stock opened at $156.46 on Thursday. The company has a quick ratio of 1.27, a current ratio of 3.17 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.83 and a beta of 0.98. Watsco has a 12 month low of $131.88 and a 12 month high of $191.86.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a $1.60 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.40 annualized dividend and a yield of 4.09%. Watsco’s dividend payout ratio is presently 98.61%.
A number of institutional investors have recently bought and sold shares of WSO. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Watsco by 77.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 616 shares of the construction company’s stock valued at $88,000 after buying an additional 268 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Watsco by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 42,731 shares of the construction company’s stock valued at $6,120,000 after buying an additional 15,471 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Watsco by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 303,179 shares of the construction company’s stock valued at $43,418,000 after buying an additional 66,106 shares during the period. Hsbc Holdings PLC increased its stake in shares of Watsco by 103.6% in the first quarter. Hsbc Holdings PLC now owns 3,548 shares of the construction company’s stock valued at $509,000 after buying an additional 1,805 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Watsco in the first quarter valued at about $1,015,000. Hedge funds and other institutional investors own 80.54% of the company’s stock.
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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