Watsco 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 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Watsco stock. 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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Wall Street analysts have given Watsco a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Watsco wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Watsco is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Watsco.

Watsco will be holding an earnings conference call on Thursday, April 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Watsco, Inc. (NYSE:WSO) posted its quarterly earnings results on Thursday, February, 11th. The construction company reported $1.14 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.13. The construction company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. Watsco had a trailing twelve-month return on equity of 13.38% and a net margin of 4.77%.
View Watsco's earnings history.

Watsco's stock was trading at $164.89 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WSO shares have increased by 69.6% and is now trading at $279.66.
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Watsco declared a quarterly dividend on Thursday, April 1st. Shareholders of record on Thursday, April 15th will be given a dividend of $1.95 per share on Friday, April 30th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, April 14th. This is a boost from Watsco's previous quarterly dividend of $1.78.
View Watsco's dividend history.

Watsco pays an annual dividend of $7.10 per share and currently has a dividend yield of 2.56%. Watsco does not yet have a strock track record of dividend growth. The dividend payout ratio of Watsco is 109.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Watsco will have a dividend payout ratio of 104.72% in the coming year. This indicates that Watsco may not be able to sustain their current dividend.
View Watsco's dividend history.

8 brokers have issued 1-year price targets for Watsco's stock. Their forecasts range from $168.00 to $250.00. On average, they anticipate Watsco's share price to reach $220.00 in the next year. This suggests that the stock has a possible downside of 21.3%.
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15 employees have rated Watsco CEO Albert H. Nahmad on Glassdoor.com. Albert H. Nahmad has an approval rating of 85% among Watsco's employees. 68.0% of employees surveyed would recommend working at Watsco to a friend.

Some companies that are related to Watsco include Fastenal (FAST), United Rentals (URI), W.W. Grainger (GWW), Air Lease (AL), MSC Industrial Direct (MSM), WESCO International (WCC), Beacon Roofing Supply (BECN), Applied Industrial Technologies (AIT), GATX (GATX), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) and Titan Machinery (TITN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), The Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), The Home Depot (HD), The 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 number of retail and institutional investors. Top institutional investors include Welch & Forbes LLC (0.52%), Stock Yards Bank & Trust Co. (0.15%), Retirement Systems of Alabama (0.11%), Bath Savings Trust Co (0.07%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.05%) and Ipswich Investment Management Co. Inc. (0.04%). Company insiders that own Watsco stock include Barry S Logan, Bob L Moss and George Sape.
View institutional ownership trends for Watsco.

WSO stock was sold by a variety of institutional investors in the last quarter, including Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, State of Alaska Department of Revenue, Pacer Advisors Inc., and Private Capital Group LLC.
View insider buying and selling activity for Watsco or view top insider-selling stocks.

WSO stock was purchased by a variety of institutional investors in the last quarter, including Welch & Forbes LLC, Stock Yards Bank & Trust Co., Bath Savings Trust Co, Ipswich Investment Management Co. Inc., FDx Advisors Inc., First Bank & Trust, Louisiana State Employees Retirement System, and Retirement Systems of Alabama.
View insider buying and selling activity for Watsco or or view top insider-buying stocks.

Shares of WSO 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 $279.66.

Watsco has a market capitalization of $10.80 billion and generates $4.77 billion in revenue each year. The construction company earns $245.95 million in net income (profit) each year or $6.50 on an earnings per share basis.

Watsco employs 5,800 workers across the globe.

Watsco was founded in 1945.

The official website for Watsco is www.watsco.com.

Watsco is headquartered at 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133.

Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The construction company can be reached via phone at 305-714-4100 or via email at [email protected]