Watsco Inc (NYSE:WSO) – Stock analysts at William Blair increased their Q3 2020 earnings estimates for Watsco in a research report issued to clients and investors on Monday, June 29th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $1.96 for the quarter, up from their previous estimate of $1.90. William Blair also issued estimates for Watsco’s FY2020 earnings at $5.55 EPS.
Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.14). Watsco had a return on equity of 14.23% and a net margin of 4.98%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year.
Watsco stock opened at $177.70 on Wednesday. Watsco has a fifty-two week low of $132.97 and a fifty-two week high of $186.87. The stock has a market cap of $6.64 billion, a PE ratio of 28.48 and a beta of 0.68. The firm’s 50-day simple moving average is $171.65 and its 200 day simple moving average is $168.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.24 and a current ratio of 3.06.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Watsco during the 4th quarter worth approximately $81,931,000. Anchor Capital Advisors LLC increased its holdings in Watsco by 956.3% during the 1st quarter. Anchor Capital Advisors LLC now owns 258,856 shares of the construction company’s stock worth $40,907,000 after acquiring an additional 234,350 shares during the period. Wells Fargo & Company MN increased its holdings in Watsco by 46.5% during the 1st quarter. Wells Fargo & Company MN now owns 654,189 shares of the construction company’s stock worth $103,382,000 after acquiring an additional 207,597 shares during the period. Captrust Financial Advisors increased its holdings in Watsco by 12,907.6% during the 4th quarter. Captrust Financial Advisors now owns 106,402 shares of the construction company’s stock worth $19,079,000 after acquiring an additional 105,584 shares during the period. Finally, Caledonia Investments PLC increased its holdings in Watsco by 53.2% during the 1st quarter. Caledonia Investments PLC now owns 268,784 shares of the construction company’s stock worth $42,473,000 after acquiring an additional 93,306 shares during the period. 80.33% of the stock is currently owned by institutional investors.
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.
Featured Article: What is a conference call?
Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.