Watsco (NYSE:WSO) Announces Quarterly Earnings Results

Watsco (NYSE:WSO) issued its quarterly earnings data on Thursday. The construction company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08), Briefing.com reports. Watsco had a return on equity of 15.07% and a net margin of 5.29%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $1.02 EPS. Watsco’s revenue for the quarter was up 8.2% compared to the same quarter last year.

Shares of Watsco stock traded down $2.09 during midday trading on Friday, hitting $172.11. 14,051 shares of the company traded hands, compared to its average volume of 191,113. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 26.46 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 3.12. The firm’s fifty day moving average price is $176.71 and its 200-day moving average price is $171.68. Watsco has a 12 month low of $136.45 and a 12 month high of $183.00.

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.72%. The ex-dividend date was Wednesday, January 15th. Watsco’s dividend payout ratio is currently 98.61%.

Several analysts have weighed in on WSO shares. William Blair reiterated an “outperform” rating on shares of Watsco in a research note on Thursday, January 16th. Morgan Stanley raised their target price on shares of Watsco from $145.00 to $158.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Buckingham Research decreased their target price on shares of Watsco from $164.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird raised their target price on shares of Watsco from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Zacks Investment Research raised shares of Watsco from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $163.40.

About Watsco

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 for Watsco (NYSE:WSO)

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