Watsco (NYSE:WSO.B) Sets New 52-Week High – What’s Next?

Shares of Watsco Inc (NYSE:WSO.B) hit a new 52-week high during trading on Tuesday . The company traded as high as $495.00 and last traded at $495.00, with a volume of 38 shares trading hands. The stock had previously closed at $495.00.

Watsco Stock Performance

The firm has a fifty day moving average of $481.15 and a 200 day moving average of $459.19. The firm has a market capitalization of $19.97 billion, a PE ratio of 38.08 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.

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

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a $2.70 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.18%. Watsco’s payout ratio is currently 83.08%.

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.