Watsco (WSO.B) Set to Announce Quarterly Earnings on Wednesday

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

Watsco (NYSE:WSO.B) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). The business 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

NYSE WSO.B opened at $424.75 on Wednesday. The company has a market cap of $16.78 billion, a PE ratio of 31.09 and a beta of 0.60. The company has a current ratio of 3.36, a quick ratio of 1.47 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 50 day moving average of $403.57 and a 200-day moving average of $393.70.

Watsco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $2.70 per share. This is an increase from Watsco’s previous quarterly dividend of $2.45. The ex-dividend date of this dividend is Friday, April 12th. This represents a $10.80 annualized dividend and a yield of 2.54%. Watsco’s dividend payout ratio (DPR) 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.