Watsco Inc (NYSE:WSO.B - Get Free Report) shares saw strong trading volume on Wednesday . 300 shares traded hands during trading, an increase of 36% from the previous session's volume of 220 shares.The stock last traded at $445.15 and had previously closed at $424.75.
Watsco Stock Performance
The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 34.24 and a beta of 0.57. The business has a fifty day simple moving average of $420.61 and a 200 day simple moving average of $400.92.
Watsco (NYSE:WSO.B - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Watsco had a return on equity of 19.26% and a net margin of 7.03%. The firm had revenue of $1.60 billion for the quarter.
Watsco Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a $2.70 dividend. This is a positive change from Watsco's previous quarterly dividend of $2.45. This represents a $10.80 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, April 12th. Watsco's dividend payout ratio (DPR) is 83.08%.
About Watsco
(
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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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