Watsco (NYSE:WSO) spotted trading -8.39% off 52-week high price. On the other end, the stock has been noted 24.46% away from the low price over the last 52-weeks. The stock changed -2.98% to recent value of $164.14. The stock transacted 165965 shares during most recent day however it has an average volume of 228.65K shares. The company has 37.96M of outstanding shares and 32.98M shares were floated in the market.
On Oct. 1, 2019, Watsco (NYSE:WSO) notified that its Board of Directors has declared a regular quarterly cash dividend of $1.60 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on October 31, 2019 to shareholders of record at the close of business on October 15, 2019.
Watsco has paid dividends to shareholders for 45 consecutive years. The Company’s philosophy is to share increasing amounts of cash flow through higher dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco’s overall financial condition.
Watsco is the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. Watsco estimates that over 300,000 contractors and technicians visit or call one of its 604 locations each year to get information, obtain technical support and buy products. HVAC/R products provide comfort to homes and businesses regardless of the outdoor climate. Older systems often operate below’s government mandated energy efficiency and environmental standards. Watsco has an opportunity to accelerate the replacement of these systems at a scale greater than its competitors as the movement toward reducing energy consumption and its environmental impact continues. This is especially important since heating and cooling accounts for approximately half of the energy consumed in a typical U.S. home. Its earnings per share (EPS) expected to touch remained 17.00% for this year while earning per share for the next 5-years is expected to reach at 15.00%. WSO has a gross margin of 24.60% and an operating margin of 8.10% while its profit margin remained 4.90% for the last 12 months.
According to the most recent quarter its current ratio was 2.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.30% from the mean of 20 days, 1.17% from mean of 50 days SMA and performed 6.89% from mean of 200 days price. Company’s performance for the week was -0.62%, 0.36% for month and YTD performance remained 17.97%.
Jeffery Knight earned bachelor degree from College with a focus in Business Administration. He is the Senior Editor for Surveypaid.info and Financial section. He also holds an MBA from Michigan State University He has one daughter and one son. Jeffery joined the Surveypaid.info, after more than 15 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading.
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