NYSE:WSOWatsco Stock Price, Forecast & News

$174.51

+4.04 (+2.37 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$170.64

Now: $174.51▼

$174.89

50-Day Range

$147.32

MA: $158.51▼

$165.73

52-Week Range

$132.97

Now: $174.51▼

$186.87

Volume234,341 shs

Average Volume287,399 shs

Market Capitalization$6.69 billion

P/E Ratio27.97

Dividend Yield4.16%

Beta0.66

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also provides parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. In addition, the company exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Watsco has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $158.80, Watsco has a potential downside of 9.0% from its current price of $174.51.
Amount of Analyst Coverage
Watsco has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Watsco has received 307 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Watsco has received 424 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Watsco has received 58.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Watsco and other stocks. Vote “Outperform” if you believe WSO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WSO will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Watsco is a leading dividend payer. It pays a dividend yield of 4.16%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Watsco has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Watsco is 109.23 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Watsco will have a dividend payout ratio of 117.36 % in the coming year. This indicates that Watsco may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Watsco insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $637,488.00 in company stock.
Percentage Held by Insiders
Only 13.15% of the stock of Watsco is held by insiders.
Percentage Held by Institutions
79.81% of the stock of Watsco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Watsco are expected to grow by 11.83% in the coming year, from $5.41 to $6.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Watsco is 27.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Watsco is 27.97, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 37.94.
Price to Book Value per Share Ratio
Watsco has a P/B Ratio of 3.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Hardware, & plumbing & heating equipment & supplies

Sub-IndustryTrading Companies & Distributors

SectorConstruction

Current SymbolNYSE:WSO

Previous Symbol

CUSIP94262220

CIK105016

Webwww.watsco.com

Phone305-714-4100

Debt

Debt-to-Equity Ratio0.18

Current Ratio3.06

Quick Ratio1.24

Price-To-Earnings

Trailing P/E Ratio27.97

Forward P/E Ratio32.26

P/E GrowthN/A

Sales & Book Value

Annual Sales$4.77 billion

Price / Sales1.40

Cash Flow$7.47 per share

Price / Cash Flow23.35

Book Value$43.87 per share

Price / Book3.98

Profitability

EPS (Most Recent Fiscal Year)$6.50

Net Income$245.95 million

Net Margins4.98%

Return on Equity14.23%

Return on Assets9.23%

Miscellaneous

Employees5,800

Outstanding Shares38,357,000

Market Cap$6.69 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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Watsco (NYSE:WSO) Frequently Asked Questions

How has Watsco's stock been impacted by COVID-19 (Coronavirus)?

Watsco's stock was trading at $164.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WSO stock has increased by 5.8% and is now trading at $174.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Watsco?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Watsco.

When is Watsco's next earnings date?

Watsco is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Watsco.

How were Watsco's earnings last quarter?

Watsco Inc (NYSE:WSO) announced its quarterly earnings data on Thursday, April, 23rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.86 by $0.14. The construction company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Watsco had a net margin of 4.98% and a return on equity of 14.23%. Watsco's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. View Watsco's earnings history.

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

Watsco announced a quarterly dividend on Thursday, April 2nd. Investors of record on Wednesday, April 15th will be paid a dividend of $1.775 per share on Thursday, April 30th. This represents a $7.10 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, April 14th. This is an increase from Watsco's previous quarterly dividend of $1.60. View Watsco's dividend history.

What price target have analysts set for WSO?

6 analysts have issued 12 month target prices for Watsco's stock. Their forecasts range from $138.00 to $190.00. On average, they anticipate Watsco's stock price to reach $158.80 in the next twelve months. This suggests that the stock has a possible downside of 9.0%. View analysts' price targets for Watsco.

Has Watsco been receiving favorable news coverage?

News coverage about WSO stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Watsco earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave headlines about the construction company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutWatsco.

Who are some of Watsco's key competitors?

Some companies that are related to Watsco include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), MSC Industrial Direct (MSM), Air Lease (AL), GATX (GATX), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), WESCO International (WCC), Kaman (KAMN), H&E Equipment Services (HEES), MRC Global (MRC), Textainer Group (TGH) and DXP Enterprises (DXPE). View all competitors.

What other stocks do shareholders of Watsco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include Verizon Communications (VZ), Walt Disney (DIS), Netflix (NFLX), Boeing (BA), Johnson & Johnson (JNJ), NVIDIA (NVDA), AbbVie (ABBV), Alibaba Group (BABA), Coca-Cola (KO) and United Parcel Service (UPS).

Who are Watsco's key executives?

Watsco's management team includes the following people:

Mr. Albert H. Nahmad, Chairman & CEO (Age 78)
Mr. Aaron J. Nahmad, Pres & Director (Age 38)
Ms. Ana M. Menendez, CFO, Treasurer & Assistant Sec. (Age 54)
Mr. Barry S. Logan, Sr. VP & Sec. (Age 56)
Mr. Stephen F. Rush, Exec. VP & COO (Age 69)

What is Watsco's stock symbol?

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

Who are Watsco's major shareholders?

Watsco's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.56%), Baillie Gifford & Co. (4.19%), Capital World Investors (3.07%), Wellington Management Group LLP (2.61%), State Street Corp (2.18%) and DAVENPORT & Co LLC (1.92%). Company insiders that own Watsco stock include Barry S Logan, Bob L Moss and George Sape. View institutional ownership trends for Watsco.

Which institutional investors are selling Watsco stock?

WSO stock was sold by a variety of institutional investors in the last quarter, including Baird Financial Group Inc., BlackRock Inc., Capital World Investors, Janus Henderson Group PLC, Scharf Investments LLC, Handelsbanken Fonder AB, JPMorgan Chase & Co., and First Trust Advisors LP. Company insiders that have sold Watsco company stock in the last year include Barry S Logan, Bob L Moss, and George Sape. View insider buying and selling activity for Watsco.

Which institutional investors are buying Watsco stock?

WSO stock was bought by a variety of institutional investors in the last quarter, including Anchor Capital Advisors LLC, Wells Fargo & Company MN, Caledonia Investments PLC, Nuveen Asset Management LLC, Boston Financial Mangement LLC, Mitsubishi UFJ Trust & Banking Corp, State Street Corp, and Cynosure Management LLC. View insider buying and selling activity for Watsco.

How do I buy shares of Watsco?

Shares of WSO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Watsco's stock price today?

One share of WSO stock can currently be purchased for approximately $174.51.

How big of a company is Watsco?

Watsco has a market capitalization of $6.69 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.

What is Watsco's official website?

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

How can I contact Watsco?

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff