Watsco (NYSE:WSO.B – Get Free Report) released its quarterly earnings data on Tuesday. The construction company reported $3.77 earnings per share for the quarter, Zacks reports. Watsco had a return on equity of 14.40% and a net margin of 6.53%.
Watsco Stock Up 6.6%
Shares of WSO.B opened at $306.48 on Tuesday. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 26.58 and a beta of 0.67. Watsco has a 52 week low of $285.84 and a 52 week high of $453.37. The stock’s 50-day moving average price is $307.52 and its 200-day moving average price is $370.44.
About Watsco
Watsco, Inc is a distributor of heating, air-conditioning and refrigeration equipment and related products. The company supplies residential and commercial contractors with air conditioners, furnaces, heat pumps, air handlers, water heaters, refrigeration systems, controls, replacement parts and installation supplies.
Watsco sells products from leading manufacturers, including equipment associated with the Carrier family of brands, through a network of distribution locations and sales channels.
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