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NYSE:WSO

Watsco (WSO) Stock Forecast, Price & News

$377.94
+22.22 (+6.25%)
(As of 09/27/2023 ET)
Compare
Today's Range
$357.82
$380.19
50-Day Range
$341.03
$378.23
52-Week Range
$228.61
$383.83
Volume
695,400 shs
Average Volume
324,658 shs
Market Capitalization
$14.77 billion
P/E Ratio
25.48
Dividend Yield
2.59%
Price Target
$366.89

Watsco MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
2.9% Downside
$366.89 Price Target
Short Interest
Bearish
11.39% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.77
Upright™ Environmental Score
News Sentiment
0.98mentions of Watsco in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.34%
From $14.05 to $14.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Construction Sector

72nd out of 102 stocks

Hardware, & Plumbing & Heating Equipment & Supplies Industry

1st out of 1 stocks


WSO stock logo

About Watsco (NYSE:WSO) Stock

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. It operates in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

WSO Price History

WSO Stock News Headlines

2 Stocks to Buy Making Big Price Moves Today
Legendary Stockpicker: "Buy this A.I. stock NOW"
His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock. MORE HERE...
Morgan Stanley Increases Watsco (NYSE:WSO) Price Target to $337.00
Watsco (NYSE:WSO) Trading 4.6% Higher Following Analyst Upgrade
Watsco: Room To Rally
Watsco (NYSE:WSO) Price Target Raised to $350.00
Loop Capital Markets Sticks to Their Hold Rating for Watsco (WSO)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Mizuho Securities Reaffirms Their Hold Rating on Watsco (WSO)
Watsco acquires Gateway Supply
Watsco Acquires Gateway Supply Company
Watsco: Good Growth Prospects But Priced In
Is It Time To Consider Buying Watsco, Inc. (NYSE:WSO)?
Should You Hold Watsco (WSO) for the Long-Term?
The Latest Analyst Ratings for Watsco
Q2 2023 Watsco Inc Earnings Call
Watsco Q2 Results Misses Estimates - Update
Watsco Reports Strong Second Quarter Results
See More Headlines
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WSO Company Calendar

Ex-Dividend for 7/31 Dividend
7/14/2023
Dividend Payable
7/31/2023
Last Earnings
8/01/2023
Today
9/27/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hardware, & plumbing & heating equipment & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
94262220
Employees
7,275
Year Founded
1945

Price Target and Rating

Average Stock Price Forecast
$366.89
High Stock Price Forecast
$450.00
Low Stock Price Forecast
$325.00
Forecasted Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$601.17 million
Pretax Margin
11.15%

Debt

Sales & Book Value

Annual Sales
$7.27 billion
Cash Flow
$15.63 per share
Book Value
$58.04 per share

Miscellaneous

Free Float
33,871,000
Market Cap
$14.44 billion
Optionable
Optionable
Beta
0.95

Social Links

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Key Executives

  • Mr. Albert H. Nahmad (Age 82)
    Chairman & CEO
    Comp: $1.09M
  • Mr. Aaron J. Nahmad (Age 42)
    Pres & Director
    Comp: $807.87k
  • Ms. Ana M. Menendez (Age 58)
    CFO & Treasurer
    Comp: $357.62k
  • Mr. Barry S. LoganMr. Barry S. Logan (Age 60)
    Exec. VP of Planning & Strategy and Sec.
    Comp: $442.62k
  • Mr. Steven Rupp
    Chief Technology Officer
  • Mr. Paul W. Johnston (Age 70)
    Exec. VP













WSO Stock - Frequently Asked Questions

Should I buy or sell Watsco stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WSO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WSO, but not buy additional shares or sell existing shares.
View WSO analyst ratings
or view top-rated stocks.

What is Watsco's stock price forecast for 2023?

8 brokerages have issued 1-year price targets for Watsco's stock. Their WSO share price forecasts range from $325.00 to $450.00. On average, they anticipate the company's share price to reach $366.89 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for WSO
or view top-rated stocks among Wall Street analysts.

How have WSO shares performed in 2023?

Watsco's stock was trading at $249.40 at the start of the year. Since then, WSO shares have increased by 48.2% and is now trading at $369.60.
View the best growth stocks for 2023 here
.

When is Watsco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our WSO earnings forecast
.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) issued its quarterly earnings results on Tuesday, August, 1st. The construction company reported $4.42 EPS for the quarter, missing analysts' consensus estimates of $4.87 by $0.45. The construction company earned $2 billion during the quarter, compared to analysts' expectations of $2.19 billion. Watsco had a net margin of 8.06% and a trailing twelve-month return on equity of 22.94%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.93 earnings per share.

How often does Watsco pay dividends? What is the dividend yield for Watsco?

Watsco declared a quarterly dividend on Monday, July 3rd. Shareholders of record on Monday, July 17th will be paid a dividend of $2.45 per share on Monday, July 31st. This represents a $9.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, July 14th.
Read our dividend analysis for WSO
.

Is Watsco a good dividend stock?

Watsco (NYSE:WSO) pays an annual dividend of $9.80 per share and currently has a dividend yield of 2.72%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 66.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WSO.

What is Albert H. Nahmad's approval rating as Watsco's CEO?

15 employees have rated Watsco Chief Executive Officer Albert H. Nahmad on Glassdoor.com. Albert H. Nahmad has an approval rating of 85% among the company's employees. 68.0% of employees surveyed would recommend working at Watsco to a friend.

What other stocks do shareholders of Watsco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), Home Depot (HD), Coca-Cola (KO), Netflix (NFLX), Tesla (TSLA), Visa (V) and AbbVie (ABBV).

What is Watsco's stock symbol?

Watsco trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSO."

Who are Watsco's major shareholders?

Watsco's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (4.97%), Kayne Anderson Rudnick Investment Management LLC (4.23%), Charles Schwab Investment Management Inc. (3.34%), State Street Corp (2.73%), Geode Capital Management LLC (1.51%) and Bank of New York Mellon Corp (1.46%). Insiders that own company stock include Barry S Logan, Brian E Keeley and Cesar L Alvarez.
View institutional ownership trends
.

How do I buy shares of Watsco?

Shares of WSO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Watsco's stock price today?

One share of WSO stock can currently be purchased for approximately $369.60.

How much money does Watsco make?

Watsco (NYSE:WSO) has a market capitalization of $14.44 billion and generates $7.27 billion in revenue each year. The construction company earns $601.17 million in net income (profit) each year or $14.83 on an earnings per share basis.

How many employees does Watsco have?

The company employs 7,275 workers across the globe.

How can I contact Watsco?

Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The official website for the company is www.watsco.com. The construction company can be reached via phone at (305) 714-4100, via email at info@watsco.com, or via fax at 305-858-4492.

This page (NYSE:WSO) was last updated on 9/27/2023 by MarketBeat.com Staff

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