Watsco (WSO) to Release Earnings on Tuesday

Watsco (NYSE:WSO) is expected to announce 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 listening to the company’s conference call can do so using this link.

Watsco Stock Up 1.8 %

Shares of WSO stock opened at $485.21 on Monday. Watsco has a 52 week low of $373.33 and a 52 week high of $571.41. The stock has a market capitalization of $19.59 billion, a PE ratio of 37.50 and a beta of 0.95. The firm has a 50 day moving average of $485.44 and a two-hundred day moving average of $491.07.

Watsco Dividend Announcement

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

Insider Transactions at Watsco

In related news, EVP Barry S. Logan sold 10,998 shares of Watsco stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 12.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WSO shares. Raymond James began coverage on shares of Watsco in a research report on Friday, January 17th. They issued a “market perform” rating for the company. Northcoast Research began coverage on shares of Watsco in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Robert W. Baird decreased their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company 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.