Watsco (NYSE:WSO.B) Shares Gap Down – Here’s What Happened

Watsco Inc (NYSE:WSO.B) shares gapped down prior to trading on Thursday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $497.05, with a volume of 401 shares trading hands.

Watsco Trading Down 7.8 %

The stock’s 50-day moving average price is $517.48 and its two-hundred day moving average price is $495.31. The stock has a market capitalization of $19.92 billion, a P/E ratio of 38.12 and a beta of 0.61.

Watsco (NYSE:WSO.B) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter. Watsco had a return on equity of 17.77% and a net margin of 6.99%. The business had revenue of $2.16 billion during the quarter.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $2.70 per share. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.19%. Watsco’s dividend payout ratio is presently 83.46%.

About Watsco

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.