$2.03 EPS Expected for Watsco Inc (WSO)

July 19, 2017 - By Kurt Siggers

 $2.03 EPS Expected for Watsco Inc (WSO)
Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.06, from 1.17 in 2016Q3. It is positive, as 21 investors sold Watsco Inc shares while 84 reduced holdings. 34 funds opened positions while 95 raised stakes. 23.05 million shares or 0.67% more from 22.89 million shares in 2016Q3 were reported.
Fmr Limited Liability Company reported 876,846 shares. Macquarie Group, a Australia-based fund reported 11 shares. Blackrock Inc holds 45,978 shares. Earnest Prtn invested in 23 shares. 885,283 are owned by Price T Rowe Associate Md. Weaver C Barksdale & Associate Inc has 155 shares for 0.04% of their portfolio. 16 were accumulated by Ftb Advsr. Ahl Prtn Llp owns 0.19% invested in Watsco Inc (NYSE:WSO) for 42,415 shares. Quantbot Technology Ltd Partnership stated it has 1,610 shares. Stevens Cap Mgmt Lp holds 14,648 shares. Echo Street Capital Mngmt Ltd Liability Corporation invested in 0.77% or 130,809 shares. Verition Fund Mngmt Ltd holds 0.02% of its portfolio in Watsco Inc (NYSE:WSO) for 1,400 shares. Legal And General Gru Public Ltd Com holds 14,914 shares. Federated Invsts Inc Pa stated it has 0.01% of its portfolio in Watsco Inc (NYSE:WSO). Wells Fargo Communication Mn invested 0.03% of its portfolio in Watsco Inc (NYSE:WSO).

Wall Street await Watsco Inc (NYSE:WSO) to release earnings on July, 25 before the open. Analysts forecast EPS of $2.03, up exactly $0.21 or 11.54 % from 2014’s $1.82 EPS. The expected WSO’s profit could reach $73.19 million giving the stock 18.72 P/E in the case that $2.03 earnings per share is reported. After posting $0.67 EPS for the previous quarter, Watsco Inc’s analysts now forecast 202.99 % EPS growth. The stock increased 0.73% or $1.1 during the last trading session, reaching $152. About 351,325 shares traded or 20.66% up from the average. Watsco Inc (NYSE:WSO) has risen 8.75% since July 20, 2016 and is uptrending. It has underperformed by 7.95% the S&P500.

Watsco Inc (NYSE:WSO) Ratings Coverage

Among 10 analysts covering Watsco (NYSE:WSO), 7 have Buy rating, 2 Sell and 1 Hold. Therefore 70% are positive. Watsco had 22 analyst reports since September 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 14 by Longbow. As per Wednesday, June 1, the company rating was initiated by Susquehanna. The firm earned “Buy” rating on Wednesday, April 26 by Stifel Nicolaus. The firm has “Accumulate” rating by Seaport Global given on Thursday, April 21. Stifel Nicolaus maintained the shares of WSO in report on Thursday, March 24 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, February 15. The company was initiated on Monday, June 6 by SunTrust. The firm earned “Neutral” rating on Monday, April 25 by Stifel Nicolaus. The rating was maintained by Stephens with “Overweight” on Wednesday, October 28. Barclays Capital maintained Watsco Inc (NYSE:WSO) on Monday, April 18 with “Underweight” rating.

Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies in the HVAC/R distribution industry in North America. The company has market cap of $5.48 billion. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products. It has a 29.61 P/E ratio. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies.

More notable recent Watsco Inc (NYSE:WSO) news were published by: Gurufocus.com which released: “Bath Savings Trust Co Buys Alphabet Inc, Watsco Inc, Danaher Corp, Sells …” on July 05, 2017, also Nasdaq.com with their article: “Stock Yards Bank & Trust Co Buys Watsco Inc, Verisk Analytics Inc, TJX Inc …” published on July 11, 2017, Gurufocus.com published: “Caledonia Investments Plc Buys Watsco Inc” on July 11, 2017. More interesting news about Watsco Inc (NYSE:WSO) were released by: Streetinsider.com and their article: “Watsco (WSO) Announces 35% Ownership Acquisition of Russell Sigler Inc.” published on June 21, 2017 as well as Dividend.com‘s news article titled: “Watsco Inc. Increases Dividend by 19%” with publication date: July 10, 2017.

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