Watsco (NYSE:WSO) issued its quarterly earnings data on Thursday. The construction company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08), Briefing.com reports. Watsco had a return on equity of 15.07% and a net margin of 5.29%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $1.02 EPS. Watsco’s revenue for the quarter was up 8.2% compared to the same quarter last year.
Shares of Watsco stock traded down $2.09 during midday trading on Friday, hitting $172.11. 14,051 shares of the company traded hands, compared to its average volume of 191,113. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 26.46 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 3.12. The firm’s fifty day moving average price is $176.71 and its 200-day moving average price is $171.68. Watsco has a 12 month low of $136.45 and a 12 month high of $183.00.
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.72%. The ex-dividend date was Wednesday, January 15th. Watsco’s dividend payout ratio is currently 98.61%.
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.
Further Reading: How Do You Calculate Return on Equity (ROE)?
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.