Watsco, Inc. (NYSE:WSO – Get Rating) – Research analysts at William Blair raised their FY2022 earnings per share (EPS) estimates for shares of Watsco in a report issued on Monday, July 11th. William Blair analyst R. Merkel now expects that the construction company will earn $14.90 per share for the year, up from their previous forecast of $14.50. The consensus estimate for Watsco’s current full-year earnings is $14.46 per share.
WSO has been the subject of a number of other research reports. StockNews.com lowered Watsco from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. Morgan Stanley lowered Watsco from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $228.00 to $207.00 in a research note on Thursday, June 16th. Finally, Robert W. Baird increased their price target on Watsco from $300.00 to $350.00 in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Watsco has a consensus rating of “Hold” and a consensus price target of $305.17.
NYSE:WSO opened at $252.32 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.77 and a quick ratio of 1.11. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 20.60 and a beta of 0.89. Watsco has a one year low of $220.68 and a one year high of $318.98. The business has a fifty day moving average price of $248.88 and a 200-day moving average price of $273.98. Watsco (NYSE:WSO – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The construction company reported $2.90 EPS for the quarter, topping the consensus estimate of $1.82 by $1.08. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.39 billion. Watsco had a return on equity of 23.76% and a net margin of 7.16%. Watsco’s revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS.
Large investors have recently made changes to their positions in the stock. Accel Wealth Management bought a new stake in Watsco in the fourth quarter worth about $28,000. Whittier Trust Co. bought a new stake in shares of Watsco during the fourth quarter valued at approximately $31,000. GoalVest Advisory LLC bought a new stake in shares of Watsco during the first quarter valued at approximately $32,000. O Dell Group LLC bought a new stake in shares of Watsco during the first quarter valued at approximately $32,000. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Watsco by 53.3% during the fourth quarter. Kistler Tiffany Companies LLC now owns 115 shares of the construction company’s stock valued at $36,000 after acquiring an additional 40 shares in the last quarter. 78.13% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Cesar L. Alvarez sold 4,000 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $253.55, for a total value of $1,014,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.31% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a dividend of $2.20 per share. The ex-dividend date is Thursday, July 14th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 3.49%. Watsco’s payout ratio is 71.84%.
Watsco Company Profile (Get Rating)
Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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