Share on StockTwits

Watsco (NYSE:WSO) announced a quarterly dividend on Tuesday, July 1st, AnalystRatingsNetwork reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.60 per share on Thursday, July 31st. This represents a $2.40 annualized dividend and a dividend yield of 2.34%.

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 on Friday, May 30th. They now have a $106.00 price target on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Watsco in a research note on Tuesday, May 13th. They set an “equal weight” rating and a $111.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Watsco presently has a consensus rating of “Hold” and a consensus price target of $106.33.

Watsco (NYSE:WSO) opened at 102.76 on Tuesday. Watsco has a 52 week low of $83.87 and a 52 week high of $105.39. The stock’s 50-day moving average is $101.3 and its 200-day moving average is $98.49. The company has a market cap of $3.314 billion and a price-to-earnings ratio of 27.12.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $763.00 million for the quarter, compared to the consensus estimate of $761.85 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Watsco will post $4.48 earnings per share for the current fiscal 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.