Watsco (WSO) to Release Earnings on Tuesday

Watsco (NYSE:WSO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect Watsco to post earnings of $4.70 per share for the quarter.

Watsco (NYSE:WSO) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). Watsco had a return on equity of 19.26% and a net margin of 7.03%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm earned $2.83 EPS. Watsco’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts expect Watsco to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Watsco Price Performance

WSO stock traded down $0.23 during midday trading on Tuesday, reaching $499.66. The company had a trading volume of 2,840 shares, compared to its average volume of 312,158. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31. Watsco has a 1 year low of $337.58 and a 1 year high of $520.41. The company has a market capitalization of $20.14 billion, a P/E ratio of 38.44 and a beta of 0.88. The firm has a 50-day moving average price of $480.25 and a 200-day moving average price of $437.25.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a $2.70 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.16%. Watsco’s dividend payout ratio (DPR) is 83.08%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WSO shares. Stephens reaffirmed an “overweight” rating and issued a $500.00 price objective on shares of Watsco in a research note on Thursday, April 25th. Robert W. Baird upped their price objective on shares of Watsco from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $404.25.

Insiders Place Their Bets

In other Watsco news, Director John Alexander Macdonald sold 5,334 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $466.41, for a total value of $2,487,830.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Barry S. Logan sold 774 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $473.85, for a total value of $366,759.90. Following the completion of the transaction, the executive vice president now directly owns 1,770 shares in the company, valued at approximately $838,714.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Alexander Macdonald sold 5,334 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $466.41, for a total transaction of $2,487,830.94. The disclosure for this sale can be found here. Company insiders own 12.86% of the company’s stock.

Watsco Company Profile

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.