Watsco (WSO.B) Scheduled to Post Quarterly Earnings on Wednesday

Watsco (NYSE:WSO.B) will be posting its quarterly earnings results before the market opens on Wednesday, April 24th.

Watsco (NYSE:WSO.B) last released its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). The firm had revenue of $1.60 billion for the quarter. Watsco had a return on equity of 21.36% and a net margin of 7.36%.

Watsco Stock Performance

Watsco stock opened at $424.75 on Tuesday. The business has a 50 day moving average price of $406.50 and a two-hundred day moving average price of $395.67. The company has a quick ratio of 1.47, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. Watsco has a 12 month low of $311.81 and a 12 month high of $429.35. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 31.09 and a beta of 0.60.

Watsco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $2.70 per share. The ex-dividend date is Friday, April 12th. This is a boost from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.54%. Watsco’s payout ratio is currently 79.06%.

Watsco Company Profile

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.