Watsco Company Profile (NYSE:WSO)

About Watsco (NYSE:WSO)

Watsco logoWatsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies. It also sells products to the refrigeration market.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Electronics Wholesale
  • Sub-Industry: Trading Companies & Distributors
  • Symbol: NYSE:WSO
  • CUSIP: 94262220
  • Web: www.watsco.com
Capitalization:
  • Market Cap: $4.59 billion
  • Outstanding Shares: 32,642,000
Average Prices:
  • 50 Day Moving Avg: $139.11
  • 200 Day Moving Avg: $146.53
  • 52 Week Range: $128.60 - $159.55
P/E:
  • Trailing P/E Ratio: 27.31
  • Foreward P/E Ratio: 22.39
  • P/E Growth: 2.04
Sales & Book Value:
  • Annual Revenue: $4.24 billion
  • Price / Sales: 1.08
  • Book Value: $29.97 per share
  • Price / Book: 4.69
Dividend:
  • Annual Dividend: $4.20
  • Dividend Yield: 3.0%
Profitability:
  • EBIDTA: $364.6 million
  • Net Margins: 4.10%
  • Return on Equity: 13.79%
  • Return on Assets: 9.03%
Debt:
  • Debt-to-Equity Ratio: 0.17%
  • Current Ratio: 3.77%
  • Quick Ratio: 1.70%
Misc:
  • Average Volume: 316,450 shs.
  • Beta: 0.76
  • Short Ratio: 1.81
 

Frequently Asked Questions for Watsco (NYSE:WSO)

What is Watsco's stock symbol?

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

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

Watsco announced a quarterly dividend on Monday, April 3rd. Shareholders of record on Friday, April 14th will be given a dividend of $1.05 per share on Friday, April 28th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Tuesday, April 11th. View Watsco's Dividend History.

How were Watsco's earnings last quarter?

Watsco Inc (NYSE:WSO) announced its quarterly earnings results on Tuesday, April, 25th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.80 by $0.13. The firm had revenue of $872.10 million for the quarter, compared to analysts' expectations of $877.45 million. Watsco had a return on equity of 13.79% and a net margin of 4.10%. The business's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. View Watsco's Earnings History.

When will Watsco make its next earnings announcement?

Watsco is scheduled to release their next quarterly earnings announcement on Thursday, July, 20th 2017. View Earnings Estimates for Watsco.

Where is Watsco's stock going? Where will Watsco's stock price be in 2017?

9 brokerages have issued 1-year target prices for Watsco's stock. Their predictions range from $113.00 to $170.00. On average, they expect Watsco's share price to reach $148.57 in the next year. View Analyst Ratings for Watsco.

What are analysts saying about Watsco stock?

Here are some recent quotes from research analysts about Watsco stock:

  • 1. According to Zacks Investment Research, "Watsco’s estimates have gone down ahead of its first quarter earnings release. Normally, the first quarter is highly seasonal due to the nature and timing of the replacement market for air conditioning systems. Watsco has stepped up its investment in technology to transform its business in this digital age. Though technology is having a positive influence on business and customers, further spending will hamper earnings. In addition, Watsco’s performance will be hurt by foreign currency headwinds and lack of acquisitions. The company will face unit volume issue in Canada due to unstable economic conditions in the country.  The stock has underperformed the broader industry in the past one year. The company also has a negative record of earnings surprise in the last few quarters." (4/18/2017)
  • 2. Stifel Nicolaus analysts commented, "Headline miss a tad surprising given strong 4Q results for most HVAC names, with other HVAC products negative. High expectation stock, as reflected in the underperformance today (down ~4% vs. +40 bps for the S&P 500). That said, we don't think underperformance will last for long. Under the hood, decent performance on GM and continued investment and return on technology investments. Waving in more of the Carrier JV is common sense to us. Given the increased income (net the increased interest expense) as a result of the Carrier JV (we are dialing ~$0.15 benefit for 2017E). We take our 2017E EPS estimate to $5.85 (from $5.70) and our 2018E EPS remains at $6.60, which could readily have upside due to Trump tax benefits or incremental M&A, for which management was quite bullish on the prospects. We are also introducing 2017 quarterly estimates. Reiterate Buy, $175 target price based on 26.5x our 2018E EPS of $6.60." (2/15/2017)

Who are some of Watsco's key competitors?

Who owns Watsco stock?

Watsco's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.14%), Vanguard Group Inc. (7.52%), Neuberger Berman Group LLC (3.25%), FMR LLC (2.83%), JPMorgan Chase & Co. (2.56%) and State Street Corp (2.29%). View Institutional Ownership Trends for Watsco.

Who sold Watsco stock? Who is selling Watsco stock?

Watsco's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Westfield Capital Management Co. LP, OppenheimerFunds Inc., TIAA CREF Investment Management LLC, Frontier Capital Management Co. LLC, AQR Capital Management LLC, Baillie Gifford & Co. and King Luther Capital Management Corp. View Insider Buying and Selling for Watsco.

Who bought Watsco stock? Who is buying Watsco stock?

Watsco's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Thomaspartners Inc., Vanguard Group Inc., Ameriprise Financial Inc., 1060 Capital LLC, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P. and Capital Fund Management S.A.. View Insider Buying and Selling for Watsco.

How do I buy Watsco stock?

Shares of Watsco can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Watsco stock cost?

One share of Watsco stock can currently be purchased for approximately $140.61.

Analyst Ratings

Consensus Ratings for Watsco (NYSE:WSO) (?)
Ratings Breakdown: 2 Sell Ratings, 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $148.57 (5.66% upside)

Analysts' Ratings History for Watsco (NYSE:WSO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/26/2017Stifel NicolausBoost Price TargetBuy -> Buy$152.00 -> $163.00MediumView Rating Details
4/26/2017Seaport Global SecuritiesUpgradeNeutral -> Buy$145.00 -> $160.00MediumView Rating Details
12/19/2016Morgan StanleyDowngradeEqual Weight -> Underweight$160.00 -> $152.00N/AView Rating Details
12/13/2016StephensDowngradeOverweight -> Equal WeightN/AView Rating Details
10/14/2016Longbow ResearchUpgradeNeutral -> Buy$170.00N/AView Rating Details
7/27/2016JPMorgan Chase & Co.Lower Price TargetNeutral$131.00 -> $128.00N/AView Rating Details
7/25/2016Barclays PLCSet Price TargetSell$112.00 -> $113.00N/AView Rating Details
6/6/2016SunTrust Banks, Inc.Initiated CoverageBuyN/AView Rating Details
6/1/2016Susquehanna Bancshares IncInitiated CoveragePositive$154.00N/AView Rating Details
4/21/2016Robert W. BairdReiterated RatingBuy$136.00 -> $144.00N/AView Rating Details
4/20/2016Goldman Sachs Group IncBoost Price TargetNeutral$120.00 -> $132.00N/AView Rating Details
2/12/2016William BlairReiterated RatingBuyN/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for Watsco (NYSE:WSO)
Earnings by Quarter for Watsco (NYSE:WSO)
Earnings History by Quarter for Watsco (NYSE:WSO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/20/2017        
4/25/2017Q1 2017$0.80$0.67$877.45 million$872.10 millionViewN/AView Earnings Details
2/14/2017Q416$0.87$0.81$947.76 million$913.30 millionViewListenView Earnings Details
10/25/2016Q316$1.92$1.78$1.26 billion$1.24 billionViewListenView Earnings Details
7/22/2016Q216$2.04$1.82$1.29 billion$1.21 billionViewListenView Earnings Details
4/20/2016Q116$0.73$0.71$845.52 million$851.00 millionViewListenView Earnings Details
2/11/2016Q415$0.72$0.75$904.35 million$904.00 millionViewListenView Earnings Details
10/27/2015Q315$1.77$1.64$1.20 billion$1.18 billionViewListenView Earnings Details
7/21/2015Q215$1.89$1.85$1.24 billion$1.22 billionViewListenView Earnings Details
4/15/2015Q115$0.59$0.65$805.76 million$808.97 millionViewListenView Earnings Details
2/12/2015Q414$0.63$0.69$873.31 million$877.00 millionViewListenView Earnings Details
10/23/2014Q314$1.56$1.56$1.15 billion$1.14 billionViewListenView Earnings Details
7/17/2014Q214$1.70$1.60$1.20 billion$1.17 billionViewN/AView Earnings Details
4/17/2014Q114$0.47$0.48$761.85 million$763.00 millionViewListenView Earnings Details
2/13/2014Q413$0.49$0.50$808.84 million$827.40 millionViewListenView Earnings Details
10/16/2013Q313$1.43$1.32$1.11 billion$1.10 billionViewListenView Earnings Details
7/18/2013Q2 2013$1.40$1.48$1.10 billion$1.12 billionViewListenView Earnings Details
4/18/2013Q1 2013$0.34$0.39$716.62 million$714.00 millionViewListenView Earnings Details
2/14/2013Q4 2012$0.47$0.41$739.34 million$766.00 millionViewListenView Earnings Details
10/25/2012$1.27$1.19ViewN/AView Earnings Details
7/25/2012$1.31$1.15ViewN/AView Earnings Details
4/30/2012$0.23$0.24ViewN/AView Earnings Details
2/15/2012$0.34$0.39ViewN/AView Earnings Details
10/20/2011$1.14$1.02ViewN/AView Earnings Details
7/26/2011$1.26$1.09ViewN/AView Earnings Details
4/21/2011$0.20$0.21ViewN/AView Earnings Details
2/15/2011$0.31$0.31ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Watsco (NYSE:WSO)
2017 EPS Consensus Estimate: $5.74
2018 EPS Consensus Estimate: $6.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.77$0.79$0.78
Q2 20173$2.04$2.06$2.05
Q3 20173$1.93$2.05$1.97
Q4 20173$0.91$0.97$0.94
Q1 20181$0.82$0.82$0.82
Q2 20181$2.31$2.31$2.31
Q3 20181$2.29$2.29$2.29
Q4 20181$1.09$1.09$1.09
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Watsco (NYSE:WSO)
Most Recent Dividend:4/28/2017
Annual Dividend:$4.20
Dividend Yield:2.99%
Dividend Growth:46.30% (3 Year Average)
Payout Ratio:83.00% (Trailing 12 Months of Earnings)
74.73% (Based on This Year's Estimates)
66.88% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Watsco (NYSE:WSO)

Dividend History by Quarter for Watsco (NYSE:WSO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/3/2017quarterly$1.052.93%4/11/20174/14/20174/28/2017
1/3/2017quarterly$1.052.8%1/12/20171/17/20171/31/2017
10/3/2016quarterly$1.052.98%10/13/201610/17/201610/31/2016
7/1/2016quarterly$0.852.39%7/13/20167/15/20167/29/2016
4/1/2016quarterly$0.852.55%4/13/20164/15/20164/29/2016
1/4/2016quarterly$0.851/13/20161/15/20161/29/2016
10/1/2015quarterly$0.7010/13/201510/15/201510/30/2015
7/1/2015quarterly$0.702.29%7/13/20157/15/20157/31/2015
4/1/2015quarterly$0.704/13/20154/15/20154/30/2015
1/6/2015quarterly$0.702.65%1/16/20151/21/20151/30/2015
10/1/2014quarterly$0.602.75%10/10/201410/15/201410/31/2014
7/1/2014quarterly$0.602.35%7/11/20147/15/20147/31/2014
4/1/2014quarterly$0.401.59%4/11/20144/15/20144/30/2014
1/2/2014quarterly$0.401.68%1/13/20141/15/20141/31/2014
10/2/2013quarterly$0.401.71%10/10/201310/15/201310/31/2013
7/1/2013quarterly$0.251.17%7/11/20137/15/20137/31/2013
4/1/2013quarterly$0.251.21%4/11/20134/15/20134/30/2013
1/11/2013quarterly$0.251.33%1/23/20131/25/20131/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Watsco (NYSE:WSO)
Insider Ownership Percentage: 13.75%
Institutional Ownership Percentage: 66.86%
Insider Trades by Quarter for Watsco (NYSE:WSO)
Institutional Ownership by Quarter for Watsco (NYSE:WSO)
Insider Trades by Quarter for Watsco (NYSE:WSO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/28/2017Technologies Corp /De/ UnitedMajor ShareholderSell4,235,685$140.68$595,876,165.80View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Watsco (NYSE:WSO)
Latest Headlines for Watsco (NYSE:WSO)
Source:
DateHeadline
americanbankingnews.com logoWatsco Inc (WSO) Expected to Post Quarterly Sales of $1.29 Billion
www.americanbankingnews.com - May 26 at 4:06 PM
americanbankingnews.com logoWatsco Inc (WSO) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 23 at 12:30 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Unlikely to Impact Watsco (WSO) Share Price
www.americanbankingnews.com - May 2 at 11:06 AM
americanbankingnews.com logoWatsco Inc (WSO) Expected to Announce Earnings of $2.02 Per Share
www.americanbankingnews.com - May 1 at 3:56 PM
americanbankingnews.com logoWatsco (WSO) Getting Somewhat Favorable Press Coverage, Report Finds
www.americanbankingnews.com - April 29 at 9:22 AM
americanbankingnews.com logoWatsco Inc (WSO) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 28 at 1:48 PM
americanbankingnews.com logoAnalysts Offer Predictions for Watsco Inc's Q2 2017 Earnings (WSO)
www.americanbankingnews.com - April 28 at 8:22 AM
finance.yahoo.com logoEdited Transcript of WSO earnings conference call or presentation 25-Apr-17 2:00pm GMT
finance.yahoo.com - April 28 at 2:10 AM
americanbankingnews.com logoSeaport Global Securities Research Analysts Reduce Earnings Estimates for Watsco Inc (WSO)
www.americanbankingnews.com - April 27 at 3:40 PM
americanbankingnews.com logoWatsco Inc (WSO) to Post FY2017 Earnings of $5.60 Per Share, William Blair Forecasts
www.americanbankingnews.com - April 27 at 12:34 PM
americanbankingnews.com logoEquities Analysts Set Expectations for Watsco Inc's Q2 2017 Earnings (WSO)
www.americanbankingnews.com - April 27 at 7:44 AM
americanbankingnews.com logoSeaport Global Securities Upgrades Watsco Inc (WSO) to "Buy"
www.americanbankingnews.com - April 26 at 9:59 AM
americanbankingnews.com logoWatsco Inc (WSO) PT Raised to $163.00
www.americanbankingnews.com - April 26 at 9:53 AM
americanbankingnews.com logoWilliam Blair Equities Analysts Lower Earnings Estimates for Watsco Inc (WSO)
www.americanbankingnews.com - April 26 at 9:38 AM
americanbankingnews.com logoSomewhat Positive Press Coverage Extremely Likely to Impact Watsco (WSO) Share Price
www.americanbankingnews.com - April 26 at 8:12 AM
finance.yahoo.com logoWatsco Reports Record First Quarter Sales and Net Income; Sales Momentum Building into Second Quarter After Seasonally Late Start to the Year
finance.yahoo.com - April 25 at 7:37 PM
finance.yahoo.com logoWatsco Boosts Annual Dividend by 19% to $5.00 Per Share
finance.yahoo.com - April 25 at 7:37 PM
finance.yahoo.com logoWatsco misses Street 1Q forecasts
finance.yahoo.com - April 25 at 7:37 PM
finance.yahoo.com logoWatsco Faces Slow Start to 2017 but Boosts Its Dividend
finance.yahoo.com - April 25 at 7:37 PM
americanbankingnews.com logoWatsco Inc (WSO) Announces Quarterly Earnings Results
www.americanbankingnews.com - April 25 at 10:46 AM
rttnews.com logoEARNINGS SUMMARY: Details of Watsco Inc Q1 Earnings Report
www.rttnews.com - April 25 at 8:34 AM
americanbankingnews.com logoWatsco Inc (WSO) Set to Announce Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 23 at 7:20 AM
americanbankingnews.com logoSomewhat Critical Press Coverage Likely to Affect Watsco (WSO) Share Price
www.americanbankingnews.com - April 21 at 12:57 PM
finance.yahoo.com logoWatsco, Inc. : WSO-US: Dividend Analysis : April 14th, 2017 (record date) : By the numbers : April 19, 2017
finance.yahoo.com - April 20 at 1:24 AM
americanbankingnews.com logoWatsco Inc (WSO) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 18 at 1:28 PM
americanbankingnews.com logoWatsco (WSO) Earns Media Sentiment Rating of 0.36
www.americanbankingnews.com - April 18 at 12:44 PM
americanbankingnews.com logoWatsco (WSO) Receiving Very Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 15 at 7:52 AM
americanbankingnews.com logoWatsco Inc (WSO) Expected to Post Quarterly Sales of $877.5 Million
www.americanbankingnews.com - April 12 at 12:37 PM
finance.yahoo.com logoWatsco to Host 2017 First Quarter Earnings Conference Call April 25, 2017
finance.yahoo.com - April 11 at 8:36 AM
americanbankingnews.com logo$0.80 EPS Expected for Watsco Inc (WSO) This Quarter
www.americanbankingnews.com - April 10 at 9:33 AM
americanbankingnews.com logoWatsco Inc (WSO) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 6 at 3:57 PM
finance.yahoo.com logoWatsco Declares Quarterly Dividend
finance.yahoo.com - April 4 at 4:34 AM
americanbankingnews.com logoWatsco Inc (WSO) Announces $1.05 Quarterly Dividend
www.americanbankingnews.com - April 3 at 9:29 AM
nasdaq.com logoIs This the Best Industry in the Construction Sector Right Now?
www.nasdaq.com - March 30 at 3:30 PM
biz.yahoo.com logoWATSCO INC Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 17 at 8:23 PM
nasdaq.com logoWatsco Reaches Analyst Target Price
www.nasdaq.com - March 16 at 3:59 PM
finance.yahoo.com logoWatsco to Present at the J.P. Morgan Aviation, Transportation & Industrials Conference
finance.yahoo.com - March 7 at 8:13 AM
biz.yahoo.com logoWATSCO INC Files SEC form 8-K, Other Events
biz.yahoo.com - February 28 at 8:28 PM
biz.yahoo.com logoWATSCO INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
biz.yahoo.com - February 27 at 5:31 PM
finance.yahoo.com logoWATSCO INC Financials
finance.yahoo.com - February 25 at 4:31 AM
finance.yahoo.com logoWatsco Announces Pricing of Secondary Offering of its Common Stock
finance.yahoo.com - February 24 at 8:37 AM
streetinsider.com logoUnited Technologies (UTX) Commences 4.26 Common Stock Offering of Watsco (WSO)
www.streetinsider.com - February 24 at 12:15 AM
biz.yahoo.com logoWATSCO INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 21 at 8:06 AM
us.rd.yahoo.com logoWatsco (WSO) Misses on Q4 Earnings and Revenue Estimates
us.rd.yahoo.com - February 17 at 8:08 AM
capitalcube.com logoWatsco, Inc. :WSO-US: Earnings Analysis: Q4, 2016 By the Numbers : February 15, 2017
us.rd.yahoo.com - February 17 at 8:08 AM
us.rd.yahoo.com logoWatsco Sets Full-Year and Fourth Quarter Records for Sales, Earnings, EPS and Cash Flow
us.rd.yahoo.com - February 15 at 6:57 AM
us.rd.yahoo.com logo7:32 am Watsco misses by $0.06, misses on revs; raised its ownership stake in Carrier Enterprise Northeast LLC to 80%
us.rd.yahoo.com - February 15 at 6:57 AM
biz.yahoo.com logoWATSCO INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Sta
us.rd.yahoo.com - February 15 at 6:57 AM
sg.finance.yahoo.com logoWatsco misses Street 4Q forecasts
us.rd.yahoo.com - February 15 at 6:57 AM
biz.yahoo.com logoWatsco Inc Earnings Call scheduled for 10:00 am ET today
us.rd.yahoo.com - February 15 at 6:57 AM

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Watsco (WSO) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff