Watsco (WSO) Scheduled to Post Quarterly Earnings on Tuesday

Watsco (NYSE:WSO) is scheduled to be issuing 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. Parties that wish to register for the company’s conference call can do so using this link.

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

Shares of NYSE:WSO opened at $151.33 on Monday. The company has a market capitalization of $5.68 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.80 and a beta of 0.94. The company has a quick ratio of 1.69, a current ratio of 4.03 and a debt-to-equity ratio of 0.08. Watsco has a one year low of $131.88 and a one year high of $192.94.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, April 12th. Watsco’s payout ratio is 98.61%.

Separately, Zacks Investment Research raised shares of Watsco from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $176.00.

TRADEMARK VIOLATION NOTICE: “Watsco (WSO) Scheduled to Post Quarterly Earnings on Tuesday” was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/22/watsco-wso-scheduled-to-post-quarterly-earnings-on-tuesday.html.

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.

Read More: Average Daily Trade Volume – What It Means In Stock Trading

Earnings History for Watsco (NYSE:WSO)

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.