Watsco Company Profile (NYSE:WSO)

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

Watsco declared a quarterly dividend on Monday, July 3rd. Shareholders of record on Monday, July 17th will be paid a dividend of $1.25 per share on Monday, July 31st. This represents a $5.00 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, July 13th. This is a boost from Watsco's previous quarterly dividend of $1.05. View Watsco's Dividend History.

Watsco, Inc. (NYSE:WSO) announced its earnings results on Tuesday, July, 25th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Watsco had a net margin of 4.29% and a return on equity of 14.52%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. View Watsco's Earnings History.

Watsco is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Watsco.

7 equities research analysts have issued twelve-month price targets for Watsco's stock. Their forecasts range from $151.00 to $170.00. On average, they expect Watsco's share price to reach $159.60 in the next year. View Analyst Ratings for Watsco.

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

• 1. According to Zacks Investment Research, "Watsco is anticipated to benefit in the third quarter 2017 from the Russell Sigler acquisition. E-commerce sales growth and growth potential in the replacement market will also drive near-term performance. Watsco’s supply chain optimization will improve fill-rates, increase inventory turns and reduce infrastructure costs over the long term. The company is likely to benefit from the expansion of its product offerings, as well as logistical and productivity improvements. However, its performance will be hurt by foreign currency headwinds, volume issue in Canada and seasonal factors in the near term. Year to date, Watsco underperformed the industry's return." (8/2/2017)
• 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)

Some companies that are related to Watsco include United Rentals (URI), NVR (NVR), Lennar Corporation (LEN.B), Rollins (ROL), Owens Corning (OC), PulteGroup (PHM), Lennox International (LII), Jacobs Engineering Group (JEC), Acuity Brands (AYI), RPM International (RPM), Toll Brothers (TOL), James Hardie Industries PLC. (JHX), Thor Industries (THO), Fluor Corporation (FLR), Quanta Services (PWR), AECOM (ACM), Watsco (WSO.B) and Eagle Materials (EXP).

Watsco's management team includes the folowing people:

• Albert H. Nahmad, Chairman of the Board, Chief Executive Officer
• Aaron J. Nahmad, President, Director
• Bob L. Moss, Vice Chairman of the Board, Lead Independent Director
• Ana M. Menendez, Chief Financial Officer, Treasurer, Assistant Secretary
• Barry S. Logan, Senior Vice President, Secretary, Director
• David C. Darnell, Independent Director
• Denise E. Dickins, Independent Director
• Jason Epstein, Independent Director
• George P. Sape, Independent Director

Watsco's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.91%), Vanguard Group Inc. (7.62%), Neuberger Berman Group LLC (3.20%), FMR LLC (3.13%), Ameriprise Financial Inc. (2.68%) and State Street Corp (2.45%). View Institutional Ownership Trends for Watsco.

Watsco's stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, JPMorgan Chase & Co., Westfield Capital Management Co. LP, Frontier Capital Management Co. LLC, Capital Fund Management S.A., DekaBank Deutsche Girozentrale, BlackRock Inc. and Oak Ridge Investments LLC. View Insider Buying and Selling for Watsco.

Watsco's stock was purchased by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Ameriprise Financial Inc., DF Dent & Co. Inc., Kayne Anderson Rudnick Investment Management LLC, GW&K Investment Management LLC, Los Angeles Capital Management & Equity Research Inc., Handelsbanken Fonder AB and FMR LLC. View Insider Buying and Selling for Watsco.

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.

One share of Watsco stock can currently be purchased for approximately $158.55.