Watsco (WSO) Scheduled to Post Quarterly Earnings on Wednesday

Watsco (NYSE:WSO) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $4.84 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $4.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.70 by ($0.21). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Watsco had a return on equity of 18.55% and a net margin of 7.02%. Watsco’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.42 EPS. On average, analysts expect Watsco to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Watsco Price Performance

WSO opened at $502.73 on Monday. The stock has a fifty day simple moving average of $481.44 and a two-hundred day simple moving average of $472.34. The company has a current ratio of 3.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.01. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 38.67 and a beta of 0.88. Watsco has a 12-month low of $338.58 and a 12-month high of $520.41.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be issued a $2.70 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.15%. Watsco’s dividend payout ratio (DPR) is 83.08%.

Analyst Ratings Changes

Several analysts recently commented on WSO shares. Robert W. Baird increased their price objective on shares of Watsco from $522.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on shares of Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st.

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.