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

Watsco (NYSE:WSO.B) is set to release its earnings data before the market opens on Wednesday, October 23rd.

Watsco (NYSE:WSO.B) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $4.49 earnings per share for the quarter. The firm had revenue of $2.14 billion for the quarter. Watsco had a net margin of 7.02% and a return on equity of 18.55%.

Watsco Stock Performance

Watsco stock remained flat at $495.00 during trading hours on Wednesday. 85 shares of the company’s stock were exchanged, compared to its average volume of 160. Watsco has a 52 week low of $364.19 and a 52 week high of $495.00. The stock has a market capitalization of $19.97 billion, a PE ratio of 37.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. The company’s 50-day moving average price is $482.57 and its 200 day moving average price is $461.77.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a dividend of $2.70 per share. The ex-dividend date is Wednesday, October 16th. This represents a $10.80 annualized dividend and a yield of 2.18%. Watsco’s dividend payout ratio is currently 82.63%.

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.