Watsco (WSO) Scheduled to Post Earnings on Wednesday

Watsco (NYSE:WSO) is scheduled to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Watsco to post earnings of $2.30 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Watsco (NYSE:WSO) 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 $2.50 by ($0.44). Watsco had a return on equity of 21.36% and a net margin of 7.36%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business earned $2.35 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, analysts expect Watsco to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Watsco Price Performance

Shares of Watsco stock opened at $406.76 on Tuesday. The stock’s fifty day moving average is $408.54 and its 200 day moving average is $398.65. Watsco has a one year low of $315.17 and a one year high of $447.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 3.36. The stock has a market cap of $16.07 billion, a P/E ratio of 29.78 and a beta of 0.89.

Watsco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $2.70 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $10.80 annualized dividend and a dividend yield of 2.66%. This is an increase from Watsco’s previous quarterly dividend of $2.45. Watsco’s dividend payout ratio (DPR) is 79.06%.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their target price on shares of Watsco from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $398.00.

About Watsco

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.