Shares of Watsco Inc (NYSE:WSO.B - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $424.75, but opened at $445.15. Watsco shares last traded at $445.15, with a volume of 300 shares traded.
Watsco Stock Up 5.1 %
The firm's 50 day simple moving average is $417.98 and its 200-day simple moving average is $399.95. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 34.24 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31.
Watsco (NYSE:WSO.B - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.60 billion during the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.
Watsco Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, April 12th. This is a boost from Watsco's previous quarterly dividend of $2.45. Watsco's dividend payout ratio is 83.08%.
Watsco Company Profile
(
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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.
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