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. Watsco had a return on equity of 18.55% and a net margin of 7.02%. The business had revenue of $2.14 billion for the quarter.

Watsco Stock Up 3.7 %

Shares of NYSE:WSO.B opened at $513.34 on Tuesday. The firm has a market capitalization of $20.71 billion, a P/E ratio of 39.28 and a beta of 0.58. The stock has a 50 day moving average price of $485.63 and a 200-day moving average price of $463.80. Watsco has a 52-week low of $364.19 and a 52-week high of $495.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be given a dividend of $2.70 per share. The ex-dividend date is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.10%. Watsco’s dividend payout ratio (DPR) 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.