Watsco Company Profile (NYSE:WSO)

About Watsco

Watsco logoWatsco, Inc. (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States' states, Canada, Mexico and Puerto Rico. The Company sells a line of products and maintains a mix of inventory to meet its customers' needs. The Company distributes a range of products, such as equipment, including residential ducted and ductless air conditioners, gas, electric and oil furnaces, commercial air conditioning and heating equipment and systems and other specialized equipment; parts, including replacement compressors, evaporator coils, motors and other component parts, and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives and other ancillary supplies.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Electronics Wholesale
  • Sub-Industry: Trading Companies & Distributors
  • Exchange: NYSE
  • Symbol: WSO
  • CUSIP: 94262220
Key Metrics:
  • Previous Close: $153.94
  • 50 Day Moving Average: $151.52
  • 200 Day Moving Average: $146.37
  • 52-Week Range: $123.64 - $159.55
  • Trailing P/E Ratio: 29.82
  • Foreward P/E Ratio: 24.02
  • P/E Growth: 2.21
  • Market Cap: $5.02B
  • Outstanding Shares: 32,662,000
  • Beta: 0.76
Profitability:
  • 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%
Additional Links:
Companies Related to Watsco:

Analyst Ratings

Consensus Ratings for Watsco (NYSE:WSO) (?)
Ratings Breakdown: 2 Sell Ratings, 4 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.27)
Consensus Price Target: $145.40 (5.55% downside)

Analysts' Ratings History for Watsco (NYSE:WSO)
Show:
DateFirmActionRatingPrice TargetDetails
2/15/2017Stifel NicolausBoost Price TargetBuy$165.00 -> $175.00View Rating Details
12/19/2016Morgan StanleyDowngradeEqual Weight -> Underweight$160.00 -> $152.00View Rating Details
12/13/2016StephensDowngradeOverweight -> Equal WeightView Rating Details
10/14/2016Longbow ResearchUpgradeNeutral -> Buy$170.00View Rating Details
7/27/2016J P Morgan Chase & CoLower Price TargetNeutral$131.00 -> $128.00View Rating Details
7/25/2016Barclays PLCSet Price TargetSell$112.00 -> $113.00View Rating Details
7/25/2016Seaport Global SecuritiesDowngradeAccumulate -> Neutral$150.00View Rating Details
6/6/2016SunTrust Banks, Inc.Initiated CoverageBuyView Rating Details
6/1/2016Susquehanna Bancshares IncInitiated CoveragePositive$154.00View Rating Details
4/21/2016Robert W. BairdReiterated RatingBuy$136.00 -> $144.00View Rating Details
4/20/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$120.00 -> $132.00View Rating Details
2/12/2016William BlairReiterated RatingBuyView Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Watsco (NYSE:WSO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/18/2017        
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)
Current Year EPS Consensus Estimate: $5.76 EPS
Next Year EPS Consensus Estimate: $6.41 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.68$0.79$0.74
Q2 20166$1.96$2.10$2.03
Q3 20165$1.85$1.96$1.89
Q4 20165$0.84$0.88$0.86
Q1 20173$0.77$0.79$0.78
Q2 20173$1.98$2.13$2.04
Q3 20173$1.89$1.98$1.93
Q4 20173$0.90$0.95$0.92
Q1 20181$0.89$0.89$0.89
Q2 20181$2.22$2.22$2.22
Q3 20181$2.17$2.17$2.17
Q4 20181$1.07$1.07$1.07
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Watsco (NYSE:WSO)
Annual Dividend:$4.20
Dividend Yield:2.73%
Dividend Growth:46.30% (3 Year Average)
Payout Ratio:83.00% (Based on Trailing 12 Months of Earnings)
72.92% (Based on Current Year Consensus EPS Estimate)
65.52% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Watsco (NYSE:WSO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Watsco (NYSE:WSO)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Watsco (NYSE:WSO)
DateHeadline
biz.yahoo.com logoWATSCO INC Files SEC form 10-K, Annual Report (NYSE:WSO)
biz.yahoo.com - February 21 at 8:06 AM
capitalcube.com logoWatsco, Inc. breached its 50 day moving average in a Bullish Manner : WSO-US : February 17, 2017 (NYSE:WSO)
www.capitalcube.com - February 17 at 5:15 PM
us.rd.yahoo.com logoWatsco (WSO) Misses on Q4 Earnings and Revenue Estimates (NYSE:WSO)
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 (NYSE:WSO)
us.rd.yahoo.com - February 17 at 8:08 AM
capitalcube.com logoWatsco, Inc. :WSO-US: Earnings Analysis: 2016 By the Numbers : February 16, 2017 (NYSE:WSO)
www.capitalcube.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 (NYSE:WSO)
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% (NYSE:WSO)
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 (NYSE:WSO)
us.rd.yahoo.com - February 15 at 6:57 AM
sg.finance.yahoo.com logoWatsco misses Street 4Q forecasts (NYSE:WSO)
us.rd.yahoo.com - February 15 at 6:57 AM
biz.yahoo.com logoWatsco Inc Earnings Call scheduled for 10:00 am ET today (NYSE:WSO)
us.rd.yahoo.com - February 15 at 6:57 AM
finance.yahoo.com logoEdited Transcript of WSO earnings conference call or presentation 14-Feb-17 3:00pm GMT (NYSE:WSO)
finance.yahoo.com - February 15 at 6:57 AM
fool.com logoWatsco Cools Off as Growth Slows (NYSE:WSO)
www.fool.com - February 14 at 12:15 PM
News IconCalculating the fair value of Watsco Inc (WSO) (NYSE:WSO)
simplywall.st - February 14 at 7:07 AM
biz.yahoo.com logoQ4 2016 Watsco Inc Earnings Release - Before Market Open (NYSE:WSO)
biz.yahoo.com - February 14 at 7:07 AM
News IconWatsco INC (WSO) Holder Markel Corp Boosted Its Stake (NYSE:WSO)
randolphguide.com - February 2 at 6:51 AM
capitalcube.com logoWatsco, Inc. breached its 50 day moving average in a Bullish Manner : WSO-US : January 23, 2017 (NYSE:WSO)
www.capitalcube.com - January 24 at 3:43 AM
finance.yahoo.com logoWatsco to Host 2016 Fourth Quarter Earnings Conference Call February 14, 2017 (NYSE:WSO)
finance.yahoo.com - January 19 at 8:02 AM
capitalcube.com logoWatsco, Inc. – Value Analysis (NYSE:WSO) : January 11, 2017 (NYSE:WSO)
www.capitalcube.com - January 12 at 8:05 AM
finance.yahoo.com logoFirst Financial Corp Buys Vanguard Health Care ETF - DNQ, Vanguard Information Tech ETF - DNQ, ... (NYSE:WSO)
finance.yahoo.com - January 10 at 9:22 PM
capitalcube.com logoWatsco, Inc. breached its 50 day moving average in a Bearish Manner : WSO-US : January 10, 2017 (NYSE:WSO)
www.capitalcube.com - January 10 at 4:21 PM
forbes.com logoEx-Dividend Reminder: Graco, EMCOR Group and Watsco (NYSE:WSO)
www.forbes.com - January 10 at 11:02 AM
finance.yahoo.com logoZacks.com featured highlights: Francesca's Holdings, Thor Industries, Calavo Growers, Landstar System and Watsco (NYSE:WSO)
finance.yahoo.com - January 9 at 3:19 PM
zacks.com logoStrength seen in Tecogen (TGEN): Stock Adds 7.1% in Session (NYSE:WSO)
www.zacks.com - January 3 at 8:55 AM
News IconRating Summary: Morgan Stanley: Time To Decrease Faith In Watsco (NYSE:WSO) (NYSE:WSO)
www.whatsonthorold.com - December 21 at 8:55 PM
finance.yahoo.com logoWatsco downgraded by Morgan Stanley (NYSE:WSO)
finance.yahoo.com - December 21 at 11:36 AM
finance.yahoo.com logoWatsco Increases Stake in Carrier Enterprise Joint Venture (NYSE:WSO)
finance.yahoo.com - December 7 at 10:40 PM
News IconWatsco Inc (WSO): Are Hedge Funds Right About This Stock? (NYSE:WSO)
feedproxy.google.com - December 2 at 3:18 PM
News IconWatsco Acquires Additional Ownership in Joint Venture with Carrier (NYSE:WSO)
www.mdm.com - December 1 at 2:07 AM
4-traders.com logoWatsco : to Host Investor & Analyst Meeting Focused on Technology and Innovation (NYSE:WSO)
www.4-traders.com - December 1 at 2:07 AM
streetinsider.com logoWatsco (WSO) Acquires Additional 10% Interest in Carrier JV (NYSE:WSO)
www.streetinsider.com - December 1 at 2:07 AM
finance.yahoo.com logoWatsco Acquires Additional Ownership in Joint Venture with Carrier Corporation (NYSE:WSO)
finance.yahoo.com - November 30 at 12:31 PM
finance.yahoo.com logo7:31 am Watsco acquires an additional 10% ownership interest in Carrier Enterprise Northeast, a JV with Carrier Corporation, for ~$43 mln in cash (NYSE:WSO)
finance.yahoo.com - November 30 at 12:31 PM
finance.yahoo.com logoWatsco to Host Investor & Analyst Meeting Focused on Technology and Innovation (NYSE:WSO)
finance.yahoo.com - November 30 at 12:31 PM
feeds.reuters.com logoBRIEF-Watsco acquires additional ownership in joint venture with Carrier Corporation (NYSE:WSO)
feeds.reuters.com - November 30 at 8:21 AM
seekingalpha.com logoWatsco acquires additional 10% ownership in joint venture with Carrier Corporation (NYSE:WSO)
seekingalpha.com - November 30 at 7:54 AM
finance.yahoo.com logoWatsco to Present at the Baird 2016 Global Industrial Conference (NYSE:WSO)
finance.yahoo.com - November 1 at 1:03 PM
capitalcube.com logoETF’s with exposure to Watsco, Inc. : October 31, 2016 (NYSE:WSO)
www.capitalcube.com - October 31 at 8:01 PM
finance.yahoo.com logoEdited Transcript of WSO earnings conference call or presentation 25-Oct-16 2:00pm GMT (NYSE:WSO)
finance.yahoo.com - October 26 at 11:58 AM
finance.yahoo.com logoWatsco to Present at the Goldman Sachs Industrials Conference 2016 (NYSE:WSO)
finance.yahoo.com - October 26 at 11:58 AM
capitalcube.com logoWatsco, Inc. :WSO-US: Earnings Analysis: Q3, 2016 By the Numbers : October 26, 2016 (NYSE:WSO)
www.capitalcube.com - October 26 at 11:58 AM
capitalcube.com logoWatsco, Inc. : WSO-US: Dividend Analysis : October 17th, 2016 (record date) : By the numbers : October 26, 2016 (NYSE:WSO)
www.capitalcube.com - October 26 at 11:58 AM
fool.com logoWatsco's Record Results Leave Investors Wanting More (NYSE:WSO)
www.fool.com - October 25 at 1:43 PM
News IconWatsco to Host 2016 Third Quarter Earnings ... (NYSE:WSO)
ih.advfn.com - October 15 at 7:50 PM
News IconUpdate on Watsco Inc. (NYSE:WSO) for the day (NYSE:WSO)
twincountynews.com - October 15 at 7:50 PM
publicnow.com logoWatsco to Host 2016 Third Quarter Earnings Conference Call October 25, 2016 (NYSE:WSO)
www.publicnow.com - October 14 at 11:36 AM
bizjournals.com logoUniversity of Miami names facility after public company (NYSE:WSO)
www.bizjournals.com - October 11 at 7:54 PM
capitalcube.com logoWatsco, Inc. breached its 50 day moving average in a Bullish Manner : WSO-US : October 7, 2016 (NYSE:WSO)
www.capitalcube.com - October 7 at 7:48 PM
News IconWatsco Boosts Annual Dividend 24% to $4.20 Per Share (NYSE:WSO)
ih.advfn.com - October 3 at 7:33 PM
capitalcube.com logoWatsco, Inc. : WSO-US: Dividend Analysis : July 15th, 2016 (record date) : By the numbers : October 3, 2016 (NYSE:WSO)
www.capitalcube.com - October 3 at 7:33 PM
seekingalpha.com logoWatsco declares $1.05 dividend (NYSE:WSO)
seekingalpha.com - October 3 at 8:39 AM

Social

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 declared a quarterly dividend on Tuesday, January 3rd. Stockholders of record on Tuesday, January 17th will be paid a dividend of $1.05 per share on Tuesday, January 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, January 12th.

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

11 brokerages have issued 12 month price objectives for Watsco's shares. Their predictions range from $113.00 to $175.00. On average, they expect Watsco's share price to reach $145.40 in the next year.

When will Watsco announce their earnings?

Watsco is scheduled to release their next quarterly earnings announcement on Tuesday, April, 18th 2017.

What are analysts saying about Watsco stock?

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

  • According to Zacks Investment Research, "Watsco’s top-line and bottom–line in the fourth quarter both improved year over year and achieved record levels but missed the respective Zacks Consensus Estimate. Watsco remains focused to achieve another record year in 2017, while driving the adoption and advancement of its technologies with customers. The company will benefit from the expansion of product offering, growth potential in the replacement market and efforts to reduce infrastructure costs. Watsco has raised stake by 10% in Carrier Enterprise Northeast LLC, a joint venture (JV) with Carrier Corporation for about $43 million. The JV will add new products to Watsco's portfolio. Further, the company is actively transforming business in compliance to the digital age. The stock has outperformed the broader industry in the past six months. However, Watsco’s performance will be hurt by foreign currency headwinds, lack of acquisitions and seasonal factors." (2/18/2017)

  • 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 owns Watsco stock?

Watsco's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (2.69%), Baillie Gifford & Co. (2.18%), State Street Corp (2.05%), Frontier Capital Management Co. LLC (1.32%), Baird Financial Group Inc. (1.10%) and Columbia Wanger Asset Management LLC (1.02%).

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 FMR LLC, Frontier Capital Management Co. LLC, Columbia Wanger Asset Management LLC, Baird Financial Group Inc., Renaissance Technologies LLC, Two Sigma Investments LP, William Blair Investment Management LLC and State Street Corp.

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 Russell Investments Group Ltd., First Republic Investment Management Inc., Marshall Wace LLP, AQR Capital Management LLC, Motley Fool Wealth Management LLC, GSA Capital Partners LLP, Pacad Investment Ltd. and A.R.T. Advisors LLC.

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 $153.94.

Watsco (NYSE:WSO) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

Earnings History Chart

Earnings by Quarter for Watsco (NYSE:WSO)

Dividend History Chart

Dividend Payments by Quarter for Watsco (NYSE:WSO)

Last Updated on 2/22/2017 by MarketBeat.com Staff