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

Shares of Watsco Inc (NYSE:WSO.B) 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 changing hands.

Watsco Stock Performance

The company’s 50-day moving average price is $395.07 and its 200-day moving average price is $387.75. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 31.43 and a beta of 0.59. The company has a quick ratio of 1.47, a current ratio of 3.36 and a debt-to-equity ratio of 0.01.

Watsco (NYSE:WSO.B) last announced its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share (EPS) 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 company had revenue of $1.60 billion during the quarter.

Watsco Dividend Announcement

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

About Watsco

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.