Watsco Inc. Declares Quarterly Dividend of $0.40 (WSO)
Watsco (NYSE:WSO) announced a quarterly dividend on Thursday, January 2nd, Stock Ratings Network reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.40 per share on Friday, January 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.67%.
WSO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Watsco in a research note to investors on Thursday, December 5th. They now have a $97.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Watsco from $94.00 to $93.00 in a research note to investors on Thursday, October 17th. They now have an “underweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $96.89.
Watsco (NYSE:WSO) opened at 96.06 on Thursday. Watsco has a one year low of $73.61 and a one year high of $98.13. The stock’s 50-day moving average is $94.78 and its 200-day moving average is $92.54. The company has a market cap of $3.094 billion and a P/E ratio of 29.25.
Watsco (NYSE:WSO) last released its earnings data on Wednesday, October 16th. The company reported $1.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.43 by $0.11. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $1.19 earnings per share. Watsco’s revenue was up 6.0% compared to the same quarter last year.
Watsco, Inc(NYSE:WSO) is the distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry.
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