Watsco Inc (WSO) Releases Earnings Results, Misses Expectations By $-0.22 EPS

Watsco Inc (WSO) reported quarterly earnings results on Friday, Jul-22-2016. The company reported $1.82 earnings per share for the quarter, missing the analyst consensus estimate by $-0.22. Analysts had a consensus of $2.04. The company posted revenue of $1214.40 million in the period, compared to analysts expectations of $1289.82 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS.

Many Wall Street Analysts have commented on Watsco Inc. Watsco Inc was Initiated by Susquehanna to “Positive” on Jun 1, 2016. Watsco Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Apr 25, 2016.

Watsco Inc opened for trading at $139.97 and hit $141.21 on the upside on Wednesday, eventually ending the session at $140.89, with a gain of 1.14% or 1.59 points. The heightened volatility saw the trading volume jump to 1,37,818 shares. Company has a market cap of $4,997 M.

In a different news, on Dec 11, 2015, David C. Darnell (director) sold 3,000 shares at $121.66 per share price. According to the SEC, on Nov 12, 2015, Barry S Logan (Senior Vice President) sold 8,000 shares at $121.85 per share price.

Watsco Inc. (Watsco) is a distributor of air conditioning heating and refrigeration equipment and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. It has market coverage on an export basis to Latin America and the Caribbean through which it serves more than 50000 contractors and dealers that service the replacement and new construction markets. Watsco sells a line of products: equipment including residential central air conditioners component parts and supplies including thermostats insulation material refrigerants ductwork grills registers sheet metal tools copper tubing concrete pads tape adhesives and other ancillary supplies electric and oil furnaces among others. It also sells products to the refrigeration market which include condensing units compressors evaporators and valves among others.

Watsco Inc

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