Watsco (WSO) Stock Forecast, Price & News

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

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.

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.

ETFs with the largest weight of Watsco (NYSE:WSO) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Motley Fool Global Opportunities ETF (TMFG), Motley Fool Mid-Cap Growth ETF (TMFM), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Inspire Faithward Mid Cap Momentum ETF (GLRY) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

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.

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.

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).

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

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

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.

The company employs 7,275 workers across the globe.

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.