Watsco (WSO) Expected to Announce Quarterly Earnings on Tuesday

Watsco (NYSE:WSO) will likely be announcing its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $2.13 per share and revenue of $1.67 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Watsco Trading Up 1.8 %

Shares of WSO stock opened at $485.21 on Friday. Watsco has a 1-year low of $373.33 and a 1-year high of $571.41. The stock’s fifty day simple moving average is $485.44 and its 200-day simple moving average is $491.05. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 37.50 and a beta of 0.95.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s payout ratio is currently 83.46%.

Insider Buying and Selling

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of Watsco stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James began coverage on Watsco in a research report on Friday, January 17th. They set a “market perform” rating on the stock. Robert W. Baird cut their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Northcoast Research assumed coverage on Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Watsco has an average rating of “Hold” and a consensus target price of $488.33.

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.