Watsco (NYSE:WSO) released its earnings results on Thursday. The construction company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.14), RTT News reports. Watsco had a return on equity of 14.23% and a net margin of 5.05%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business posted $2.40 EPS. Watsco’s revenue was up 2.9% on a year-over-year basis.
WSO stock opened at $157.32 on Friday. The firm has a fifty day simple moving average of $162.93. Watsco has a fifty-two week low of $131.88 and a fifty-two week high of $187.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.27 and a current ratio of 3.17. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.90 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, July 15th. Watsco’s dividend payout ratio (DPR) is presently 98.61%.
Separately, Zacks Investment Research upgraded shares of Inflarx from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $168.80.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in Watsco by 2.8% during the fourth quarter. Legal & General Group Plc now owns 46,053 shares of the construction company’s stock worth $6,408,000 after buying an additional 1,261 shares during the period. Anchor Capital Advisors LLC boosted its stake in shares of Watsco by 82.8% during the first quarter. Anchor Capital Advisors LLC now owns 18,444 shares of the construction company’s stock valued at $2,641,000 after purchasing an additional 8,354 shares during the period. Princeton Global Asset Management LLC purchased a new stake in shares of Watsco during the fourth quarter valued at $500,000. Underhill Investment Management LLC purchased a new stake in shares of Watsco during the first quarter valued at $7,561,000. Finally, Yorktown Management & Research Co Inc boosted its stake in shares of Watsco by 78.9% during the first quarter. Yorktown Management & Research Co Inc now owns 3,400 shares of the construction company’s stock valued at $487,000 after purchasing an additional 1,500 shares during the period. 78.66% of the stock is owned by institutional investors.
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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