Analysts See $2.22 EPS for Watsco, Inc. (WSO)

September 22, 2018 - By Julie Barnes

Watsco, Inc. (NYSE:WSO) LogoInvestors sentiment decreased to 1.27 in 2018 Q2. Its down 0.26, from 1.53 in 2018Q1. It dropped, as 23 investors sold Watsco, Inc. shares while 91 reduced holdings. 40 funds opened positions while 105 raised stakes. 30.14 million shares or 1.99% more from 29.55 million shares in 2018Q1 were reported.
Tocqueville Asset Mngmt Lp invested in 0.02% or 7,700 shares. 690 were reported by Meeder Asset Mgmt. 51,900 are owned by Grace White Ny. Fuller And Thaler Asset accumulated 0% or 300 shares. Mason Street Advisors Limited Liability Corporation holds 0.07% of its portfolio in Watsco, Inc. (NYSE:WSO) for 16,434 shares. Aqr Capital Mngmt Lc, a Connecticut-based fund reported 6,252 shares. Paloma Partners Management Com owns 0.01% invested in Watsco, Inc. (NYSE:WSO) for 1,738 shares. California-based Destination Wealth has invested 0% in Watsco, Inc. (NYSE:WSO). Wells Fargo And Mn invested in 0.04% or 731,140 shares. Financial Bank Of America Corp De has 0% invested in Watsco, Inc. (NYSE:WSO). King Luther Mgmt Corporation reported 3,630 shares stake. Bb&T owns 0.06% invested in Watsco, Inc. (NYSE:WSO) for 17,437 shares. 250,761 were reported by Dimensional Fund Advisors Ltd Partnership. Dubuque Bank & Trust And Tru Company owns 102 shares. 11,800 were accumulated by State Treasurer State Of Michigan.

Analysts expect Watsco, Inc. (NYSE:WSO) to report $2.22 EPS on October, 24.They anticipate $0.40 EPS change or 21.98 % from last quarter’s $1.82 EPS. WSO’s profit would be $76.00 million giving it 19.81 P/E if the $2.22 EPS is correct. After having $2.40 EPS previously, Watsco, Inc.’s analysts see -7.50 % EPS growth. The stock decreased 1.82% or $3.27 during the last trading session, reaching $175.94. About 368,327 shares traded or 51.17% up from the average. Watsco, Inc. (NYSE:WSO) has risen 16.48% since September 23, 2017 and is uptrending. It has outperformed by 0.86% the S&P500.

Watsco, Inc. (NYSE:WSO) Ratings Coverage

Among 5 analysts covering Watsco (NYSE:WSO), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Watsco had 7 analyst reports since April 3, 2018 according to SRatingsIntel. Longbow downgraded Watsco, Inc. (NYSE:WSO) on Monday, July 30 to “Neutral” rating. The rating was downgraded by JP Morgan on Friday, September 21 to “Underweight”. The firm earned “Buy” rating on Tuesday, April 3 by Stifel Nicolaus. As per Wednesday, April 25, the company rating was maintained by Stifel Nicolaus. Robert W. Baird maintained the shares of WSO in report on Tuesday, April 24 with “Buy” rating. The firm has “Hold” rating given on Tuesday, April 24 by Stephens. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, July 3.

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. The company has market cap of $6.02 billion. The firm distributes equipment, including residential central air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. It has a 27.79 P/E ratio. It also distributes various parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies.

Another recent and important Watsco, Inc. (NYSE:WSO) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For September 21, 2018” on September 21, 2018.

Watsco, Inc. (NYSE:WSO) Institutional Positions Chart

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