Watsco, Inc. (NYSE:WSO) is set to issue its Q416 quarterly earnings data on Tuesday, February 14th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $947.60 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Watsco, Inc. (NYSE:WSO) opened at 154.52 on Friday. Watsco, Inc. has a one year low of $122.30 and a one year high of $159.55. The firm has a market capitalization of $5.04 billion, a PE ratio of 30.47 and a beta of 0.76. The company’s 50-day moving average price is $150.76 and its 200 day moving average price is $145.79.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, January 12th. Watsco’s dividend payout ratio (DPR) is 83.00%.
A number of equities analysts recently issued reports on WSO shares. Longbow Research raised Watsco from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Friday, October 14th. Stephens lowered Watsco from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 13th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered Watsco from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $160.00 to $152.00 in a report on Monday, December 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $143.64.
Watsco Company Profile
Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.