Watsco (NYSE:WSO.B) Shares Gap Up to $390.85

Shares of Watsco Inc (NYSE:WSO.B) gapped up before the market opened on Wednesday . The stock had previously closed at $390.85, but opened at $429.35. Watsco shares last traded at $429.35, with a volume of 100 shares traded.

Watsco Stock Performance

The firm has a 50 day moving average of $395.80 and a two-hundred day moving average of $388.04. The stock has a market cap of $16.96 billion, a PE ratio of 31.43 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 1.47.

Watsco (NYSE:WSO.B) last issued its quarterly earnings data 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). Watsco had a net margin of 7.36% and a return on equity of 21.36%. The firm had revenue of $1.60 billion during the quarter.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a $2.45 dividend. This represents a $9.80 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, January 16th. Watsco’s payout ratio is currently 71.74%.

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.