Watsco (NYSE:WSO.B) Shares Gap Down to $412.60

Watsco Inc (NYSE:WSO.B)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $412.60, but opened at $391.55. Watsco shares last traded at $390.85, with a volume of 500 shares trading hands.

Watsco Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 3.36. The company’s fifty day simple moving average is $395.07 and its two-hundred day simple moving average is $387.75. The stock has a market capitalization of $16.96 billion, a PE ratio of 31.43 and a beta of 0.59.

Watsco (NYSE:WSO.B) last posted its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Watsco had a net margin of 7.36% and a return on equity of 21.36%. The business had revenue of $1.60 billion for the quarter.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a dividend of $2.45 per share. The ex-dividend date was Tuesday, January 16th. This represents a $9.80 annualized dividend and a dividend yield of 2.28%. Watsco’s dividend payout ratio is currently 71.74%.

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.