Watsco's stock falls after quarterly earnings miss estimate [Seeking Alpha]
Watsco, Inc. (WSO)
Last watsco, inc. earnings: 4/23 07:30 am
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Source: Seeking Alpha
Earnings were $75.8 million, or $2.06 a share, in the fourth quarter ended December 31, compared with $128.3 million, or $3.55 a share, a year earlier. Earnings adjusted for one-time items were $2.35 a share, missing the average estimate of $2.40 among Wall Street analysts. Sales grew 1% from a year earlier to $1.6 billion, compared with the consensus estimate of $1.64 billion. The company's board approved a 10% increase in its yearly dividend to $10.80 a share. “We are pleased to increase dividends to shareholders, reflecting the strength of our 2023 performance and our confidence in the prospects of our business, which is fundamentally supported by our strong balance sheet,” Albert Nahmad, chairman and chief executive of Watsco ( WSO ), said in a statement. Recommended For You Recommended For You About WSO Stock Related Stocks Trending Analysis Trending News
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WSO
News
- This Top Vanguard ETF and Its 1,413 Holdings Are Ready for a Rebound. Here's Why. [Yahoo! Finance]Yahoo! Finance
- Watsco First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Watsco, Inc. (NYSE: WSO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $500.00 price target on the stock.MarketBeat
- Watsco (WSO) Q1 Earnings & Revenues Lag, Margins Down Y/Y [Yahoo! Finance]Yahoo! Finance
- Watsco, Inc. (NYSE: WSO) had its price target raised by analysts at Robert W. Baird from $420.00 to $460.00. They now have an "outperform" rating on the stock.MarketBeat
WSO
Earnings
- 4/24/24 - Miss
WSO
Sec Filings
- 5/3/24 - Form 424B5
- 5/3/24 - Form 10-Q
- 4/26/24 - Form ARS
- WSO's page on the SEC website