Watsco (NYSE:WSO) released its quarterly earnings results on Thursday. The construction company reported $2.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.54 by ($0.14), RTT News reports. Watsco had a return on equity of 14.66% and a net margin of 5.17%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. Watsco’s revenue for the quarter was up 2.9% compared to the same quarter last year.
NYSE:WSO opened at $155.25 on Friday. Watsco has a 12 month low of $131.88 and a 12 month high of $187.46. The business’s fifty day moving average is $162.91. The company has a quick ratio of 1.27, a current ratio of 3.17 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $5.92 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.87 and a beta of 0.91.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Monday, July 15th. This represents a $6.40 annualized dividend and a dividend yield of 4.12%. Watsco’s payout ratio is currently 98.61%.
Separately, Zacks Investment Research raised shares of Inflarx from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $168.80.
Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in shares of Watsco by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,254 shares of the construction company’s stock worth $368,000 after buying an additional 99 shares during the period. Machina Capital S.A.S. acquired a new position in Watsco during the second quarter valued at $261,000. Eqis Capital Management Inc. lifted its position in Watsco by 66.9% during the second quarter. Eqis Capital Management Inc. now owns 4,769 shares of the construction company’s stock valued at $780,000 after purchasing an additional 1,911 shares during the period. Taylor Frigon Capital Management LLC acquired a new position in Watsco during the second quarter valued at $931,000. Finally, Northstar Investment Advisors LLC lifted its position in Watsco by 3.9% during the second quarter. Northstar Investment Advisors LLC now owns 44,743 shares of the construction company’s stock valued at $7,317,000 after purchasing an additional 1,698 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.
Watsco Company Profile
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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