Fri Sep 20 11:39:33 UTC 2024: ## Watsco Inc. Hits New 52-Week High on Strong Earnings

**New York, NY – September 20, 2024** – Watsco Inc. (NYSE:WSO.B), a leading distributor of air conditioning, heating, and refrigeration equipment, surged to a new 52-week high during Wednesday’s trading session. The stock reached $491.90, closing at $491.77, with a trading volume of 1204 shares.

This latest surge is attributed to the company’s strong second-quarter earnings report released on July 30th. Watsco reported earnings per share of $4.49 and revenue of $2.14 billion, exceeding analyst expectations. The company also boasted a healthy net margin of 7.02% and a return on equity of 18.55%.

Watsco’s strong financial performance reflects the growing demand for HVAC equipment and the company’s successful expansion across North America. With a market cap of $19.80 billion, a price-to-earnings ratio of 37.80, and a beta of 0.58, Watsco remains a compelling investment opportunity.

Analysts remain optimistic about Watsco’s future, citing its strong market position, diversified product portfolio, and efficient distribution network as key growth drivers. Investors interested in receiving daily updates on Watsco can subscribe to MarketBeat.com’s free email newsletter for concise summaries of news and analyst ratings.

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