Watsco (NYSE:WSO.B – Get Free Report) announced its quarterly earnings results on Tuesday. The construction company reported $3.77 earnings per share (EPS) for the quarter, Zacks reports. Watsco had a net margin of 6.53% and a return on equity of 14.40%. The firm had revenue of $2.22 billion during the quarter.
Watsco Trading Up 1.9%
WSO.B stock traded up $5.50 during midday trading on Thursday, hitting $293.00. The stock had a trading volume of 296 shares, compared to its average volume of 47. The firm has a market cap of $12.09 billion, a P/E ratio of 25.41 and a beta of 0.67. Watsco has a 1-year low of $285.84 and a 1-year high of $453.37. The business has a fifty day moving average price of $306.59 and a two-hundred day moving average price of $369.82.
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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