Watsco Inc (NYSE:WSO) declared a quarterly dividend on Monday, July 1st, RTT News reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 1.60 per share by the construction company on Wednesday, July 31st. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Monday, July 15th.
Watsco has raised its dividend payment by an average of 26.0% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Watsco has a dividend payout ratio of 96.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Watsco to earn $7.19 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 89.0%.
Shares of NYSE WSO opened at $164.84 on Friday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.27 and a current ratio of 3.17. Watsco has a 1-year low of $131.88 and a 1-year high of $187.46. The business’s 50 day moving average price is $162.25.
Watsco (NYSE:WSO) last announced its earnings results on Tuesday, April 23rd. The construction company reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. The company had revenue of $931.30 million for the quarter, compared to analyst estimates of $942.05 million. Watsco had a return on equity of 14.23% and a net margin of 5.05%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, research analysts predict that Watsco will post 6.81 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Inflarx from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $168.80.
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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