Watsco Analysts Increase Their Forecasts Following Q2 Results
Watsco Analysts Increase Their Forecasts Following Q2 Results
Watsco, Inc. (NYSE:WSO) reported worse-than-expected second-quarter financial results on Tuesday.
Watsco, Inc.（紐約證券交易所代碼：WSO）週二公佈的第二季度財務業績低於預期。
The company reported quarterly earnings per share of $4.49, missing the street view of $4.67. Sales of $2.14 billion missed the analyst consensus of $2.19 billion. Revenue increased 7% year over year (4% increase on a same-store basis). Gross profit increased 3% to $580 million, with 27.1% gross margin.
該公司公佈的季度每股收益爲4.49美元，未達到4.67美元的街景。21.4億美元的銷售額未達到分析師共識的21.9億美元。收入同比增長7％（同店增長4％）。毛利增長了3％，達到5.8億美元，毛利率爲27.1％。
"We now look ahead to the next important regulatory transition and the introduction of new products by our OEM partners later this year," said Albert H. Nahmad, Watsco's Chairman and CEO.
Watsco董事長兼首席執行官艾伯特·納哈邁德表示：“我們現在展望下一次重要的監管過渡以及我們的OEM合作伙伴在今年晚些時候推出新產品。”
Watsco shares gained 1.4% to trade at $487.65 on Wednesday.
週三，Watsco股價上漲1.4％，交易價格爲487.65美元。
These analysts made changes to their price targets on Watsco following earnings announcement.
業績公佈後，這些分析師更改了Watsco的目標股價。
- Baird analyst David Manthey maintained Watsco with an Outperform rating, while raising the price target from $460 to $522.
- JP Morgan analyst Stephen Tusa maintained Watsco with a Neutral and boosted the price target from $420 to $425.
- 貝爾德分析師戴維·曼西維持了Watsco的跑贏大盤評級，同時將目標股價從460美元上調至522美元。
- 摩根大通分析師斯蒂芬·圖薩維持Watsco的中性走勢，並將目標股價從420美元上調至425美元。
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