Watsco (NYSE:WSO) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.89 per share for the quarter.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Thursday, February 14th. The construction company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.04). Watsco had a return on equity of 14.29% and a net margin of 5.04%. The company had revenue of $991.32 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts expect Watsco to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of WSO opened at $145.92 on Tuesday. The company has a current ratio of 4.03, a quick ratio of 1.69 and a debt-to-equity ratio of 0.08. Watsco has a 52 week low of $131.88 and a 52 week high of $192.94. The company has a market capitalization of $5.42 billion, a PE ratio of 22.48, a P/E/G ratio of 1.72 and a beta of 0.94.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $1.60 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.39%. Watsco’s dividend payout ratio is currently 98.61%.

A number of equities analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Watsco in a report on Tuesday, December 18th. They issued an “equal weight” rating and a $144.00 price objective for the company. Zacks Investment Research upgraded shares of Watsco from a “sell” rating to a “hold” rating in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Watsco currently has a consensus rating of “Hold” and a consensus price target of $176.00.

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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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Earnings History for Watsco (NYSE:WSO)

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