Watsco Company Profile (NYSE:WSO)

About Watsco (NYSE:WSO)

Watsco logoWatsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies. It also sells products to the refrigeration market.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Heating, Ventilation & Air Conditioning Systems
  • Sub-Industry: Trading Companies & Distributors
  • Symbol: NYSE:WSO
  • CUSIP: 94262220
  • Web: www.watsco.com
  • Market Cap: $5.42011 billion
  • Outstanding Shares: 32,642,000
Average Prices:
  • 50 Day Moving Avg: $150.65
  • 200 Day Moving Avg: $146.90
  • 52 Week Range: $128.60 - $159.55
  • Trailing P/E Ratio: 29.32
  • Foreward P/E Ratio: 23.85
  • P/E Growth: 1.78
Sales & Book Value:
  • Annual Revenue: $4.24 billion
  • Price / Sales: 1.16
  • Book Value: $29.97 per share
  • Price / Book: 5.04
  • Annual Dividend: $5.00
  • Dividend Yield: 3.3%
  • EBIDTA: $364.6 million
  • Net Margins: 4.13%
  • Return on Equity: 13.81%
  • Return on Assets: 8.94%
  • Debt-to-Equity Ratio: 0.23%
  • Current Ratio: 3.43%
  • Quick Ratio: 1.45%
  • Average Volume: 295,717 shs.
  • Beta: 0.84
  • Short Ratio: 5.07
Frequently Asked Questions for Watsco (NYSE:WSO)

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 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 3.31%. The ex-dividend date of this dividend is Thursday, July 13th. This is an increase from Watsco's previous quarterly dividend of $1.05. View Watsco's Dividend History.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) issued its quarterly earnings data on Tuesday, April, 25th. The company reported $0.67 EPS for the quarter, missing the Zacks' consensus estimate of $0.80 by $0.13. The firm had revenue of $872.10 million for the quarter, compared to analysts' expectations of $877.45 million. Watsco had a net margin of 4.13% and a return on equity of 13.81%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. View Watsco's Earnings History.

When will Watsco make its next earnings announcement?

Watsco is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Watsco.

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

8 brokers have issued 12 month price targets for Watsco's shares. Their predictions range from $113.00 to $176.00. On average, they expect Watsco's stock price to reach $149.83 in the next year. View Analyst Ratings for Watsco.

What are analysts saying about Watsco stock?

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

  • 1. According to Zacks Investment Research, "Watsco expects to generate earnings growth and anticipates cash flow to exceed net income in 2017. The company’s strategic goals will help to further strengthen its leadership position, accelerate sales growth and extend reach to new geographies and sales channels. The company will benefit from the expansion of product offerings and growth potential in the replacement market. Improved selling margins and richer sales mix of higher-efficiency systems will also drive growth. Watsco's Carrier Enterprise business unit has recently acquired 35% ownership of Russell Sigler, Inc, a move that will strengthen its presence in the significant Western U.S. markets." (6/27/2017)
  • 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)

Who are some of Watsco's key competitors?

Who are Watsco's key executives?

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

Who owns Watsco stock?

Watsco's stock is owned by many different of retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (1.94%), GW&K Investment Management LLC (0.63%), Handelsbanken Fonder AB (0.54%), KAMES CAPITAL plc (0.30%), Caledonia Investments PLC (0.28%) and Handelsinvest Investeringsforvaltning (0.14%). View Institutional Ownership Trends for Watsco.

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 First Quadrant L P CA, DAVENPORT & Co LLC, Thomson Horstmann & Bryant Inc., BB&T Corp, Private Trust Co. NA and Webster Bank N. A.. View Insider Buying and Selling for Watsco.

Who bought Watsco stock? Who is buying Watsco stock?

Watsco's stock was acquired by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Handelsbanken Fonder AB, Handelsinvest Investeringsforvaltning, Stock Yards Bank & Trust Co., Pennsylvania Trust Co, Caledonia Investments PLC, Bath Savings Trust Co and Wendell David Associates Inc.. View Insider Buying and Selling for Watsco.

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.

What is Watsco's stock price today?

One share of Watsco stock can currently be purchased for approximately $150.99.

MarketBeat Community Rating for Watsco (NYSE WSO)
Community Ranking:  1.7 out of 5 ()
Outperform Votes:  113 (Vote Outperform)
Underperform Votes:  224 (Vote Underperform)
Total Votes:  337
MarketBeat's community ratings are surveys of what our community members think about Watsco and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Watsco (NYSE:WSO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.13)
Consensus Price Target: $149.83 (0.77% downside)

Analysts' Ratings History for Watsco (NYSE:WSO)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/11/2017Wolfe ResearchInitiated CoverageMarket PerformLowView Rating Details
6/23/2017Stifel NicolausReiterated RatingBuy$163.00 -> $176.00LowView Rating Details
4/26/2017Seaport Global SecuritiesUpgradeNeutral -> Buy$145.00 -> $160.00MediumView Rating Details
12/19/2016Morgan StanleyDowngradeEqual Weight -> Underweight$160.00 -> $152.00N/AView Rating Details
12/13/2016StephensDowngradeOverweight -> Equal WeightN/AView Rating Details
10/14/2016Longbow ResearchUpgradeNeutral -> Buy$170.00N/AView Rating Details
7/27/2016J P Morgan Chase & CoLower Price TargetNeutral$131.00 -> $128.00N/AView Rating Details
7/25/2016Barclays PLCSet Price TargetSell$112.00 -> $113.00N/AView Rating Details
6/6/2016SunTrust Banks, Inc.Initiated CoverageBuyN/AView Rating Details
6/1/2016Susquehanna Bancshares IncInitiated CoveragePositive$154.00N/AView Rating Details
4/21/2016Robert W. BairdReiterated RatingBuy$136.00 -> $144.00N/AView Rating Details
4/20/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$120.00 -> $132.00N/AView Rating Details
2/12/2016William BlairReiterated RatingBuyN/AView Rating Details
(Data available from 7/22/2015 forward)


Earnings History for Watsco (NYSE:WSO)
Earnings by Quarter for Watsco (NYSE:WSO)
Earnings History by Quarter for Watsco (NYSE WSO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/25/2017$2.05N/AView Earnings Details
4/25/2017Q1 2017$0.80$0.67$877.45 million$872.10 millionViewN/AView Earnings Details
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)


Earnings Estimates for Watsco (NYSE:WSO)
2017 EPS Consensus Estimate: $5.71
2018 EPS Consensus Estimate: $6.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.77$0.79$0.78
Q2 20173$1.94$2.06$2.01
Q3 20173$1.93$2.05$1.97
Q4 20173$0.92$0.97$0.95
Q1 20181$0.82$0.82$0.82
Q2 20181$2.31$2.31$2.31
Q3 20181$2.29$2.29$2.29
Q4 20181$1.09$1.09$1.09
(Data provided by Zacks Investment Research)


Current Dividend Information for Watsco (NYSE:WSO)
Next Dividend:7/31/2017
Annual Dividend:$5.00
Dividend Yield:3.31%
Dividend Growth:46.30% (3 Year Average)
Payout Ratio:97.66% (Trailing 12 Months of Earnings)
87.87% (Based on This Year's Estimates)
78.99% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Watsco (NYSE:WSO)

Dividend History by Quarter for Watsco (NYSE WSO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Watsco (NYSE:WSO)
Insider Ownership Percentage: 13.93%
Institutional Ownership Percentage: 80.46%
Insider Trades by Quarter for Watsco (NYSE:WSO)
Institutional Ownership by Quarter for Watsco (NYSE:WSO)
Insider Trades by Quarter for Watsco (NYSE:WSO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/28/2017Technologies Corp /De/ UnitedMajor ShareholderSell4,235,685$140.68$595,876,165.80View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Watsco (NYSE:WSO)
Latest Headlines for Watsco (NYSE:WSO)
americanbankingnews.com logoQ2 2017 EPS Estimates for Watsco, Inc. Decreased by Analyst (NYSE:WSO)
www.americanbankingnews.com - July 20 at 7:51 AM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) to Release Earnings on Tuesday
www.americanbankingnews.com - July 18 at 8:23 AM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) Downgraded to Hold at BidaskClub
www.americanbankingnews.com - July 16 at 8:16 PM
americanbankingnews.com logoHead to Head Comparison: Graham Corporation (GHM) and Watsco (WSO)
www.americanbankingnews.com - July 16 at 8:12 PM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) Expected to Post Quarterly Sales of $1.29 Billion
www.americanbankingnews.com - July 15 at 8:07 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 14 at 3:19 PM
finance.yahoo.com logoWhy Watsco (WSO) Stock Might be a Great Pick
finance.yahoo.com - July 14 at 10:04 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Expected to Announce Earnings of $2.03 Per Share
www.americanbankingnews.com - July 13 at 4:33 PM
americanbankingnews.com logoWatsco, Inc. (WSO) to Post FY2017 Earnings of $5.75 Per Share, KeyCorp Forecasts
www.americanbankingnews.com - July 12 at 9:34 AM
finance.yahoo.com logoDividend Coverage: This Air Conditioning and Heating Systems Manufacturer Raised Dividend by 19%; Will Trade Ex-Dividend on July 13, 2017
finance.yahoo.com - July 12 at 9:23 AM
finance.yahoo.com logoWatsco to Host 2017 Second Quarter Earnings Conference Call July 25, 2017
finance.yahoo.com - July 11 at 9:42 AM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) Research Coverage Started at Wolfe Research
www.americanbankingnews.com - July 11 at 9:38 AM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) Upgraded to "Strong-Buy" by BidaskClub
www.americanbankingnews.com - July 8 at 3:29 PM
americanbankingnews.com logoWatsco, Inc. (WSO) to Issue Quarterly Dividend of $1.25
www.americanbankingnews.com - July 3 at 9:00 AM
finance.yahoo.com logoWatsco Boosts Dividends 19% to $5.00 Per Share
finance.yahoo.com - July 3 at 8:35 AM
finance.yahoo.com logoWatsco raises annual dividend to $5 a share
finance.yahoo.com - July 3 at 8:35 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - June 27 at 1:36 PM
americanbankingnews.com logoStifel Nicolaus Reiterates Buy Rating for Watsco, Inc. (WSO)
www.americanbankingnews.com - June 24 at 8:14 AM
finance.yahoo.com logoFeatured Company News - Watsco's Business Unit Acquires 35% Stake in HVAC Distributor Russell Sigler
finance.yahoo.com - June 24 at 7:58 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - June 23 at 3:18 PM
finance.yahoo.com logoWatsco Unit Acquires 35% Ownership of Russell Sigler, Inc., a $650 Million Western U.S. HVAC Distributor
finance.yahoo.com - June 22 at 7:55 PM
finance.yahoo.com logoETFs with exposure to Watsco, Inc. : June 22, 2017
finance.yahoo.com - June 22 at 7:55 PM
rttnews.com logoWatsco JV Acquires 35% Ownership Of Russell Sigler - Quick Facts
www.rttnews.com - June 22 at 2:48 PM
streetinsider.com logoWatsco (WSO) Announces 35% Ownership Acquisition of Russell Sigler Inc.
www.streetinsider.com - June 22 at 2:48 PM
americanbankingnews.com logoHead-To-Head Comparison: Lennox International (LII) vs. Watsco (WSO)
www.americanbankingnews.com - June 22 at 8:00 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Expected to Post Quarterly Sales of $1.29 Billion
www.americanbankingnews.com - June 21 at 9:36 AM
finance.yahoo.com logoWatsco, Inc. :WSO-US: Earnings Analysis: Q1, 2017 By the Numbers : June 20, 2017
finance.yahoo.com - June 20 at 3:38 PM
americanbankingnews.com logoWatsco, Inc. (WSO) Expected to Post Earnings of $2.02 Per Share
www.americanbankingnews.com - June 19 at 4:12 PM
americanbankingnews.com logoWatsco, Inc. (WSO) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - June 19 at 2:48 PM
seekingalpha.com logoWatsco (WSO) Presents At The William Blair 2017 Growth Stock Conference - Slideshow
seekingalpha.com - June 18 at 8:49 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Upgraded at BidaskClub
www.americanbankingnews.com - June 15 at 3:16 PM
americanbankingnews.com logoReviewing Lennox International (LII) & Watsco (WSO)
www.americanbankingnews.com - June 10 at 7:38 AM
finance.yahoo.com logoWatsco to Present at the William Blair 37th Annual Growth Stock Conference
finance.yahoo.com - June 8 at 2:08 AM
americanbankingnews.com logoContrasting Watsco (WSO) and Lennox International (LII)
www.americanbankingnews.com - June 6 at 4:53 PM
americanbankingnews.com logoHead to Head Review: Watsco (WSO) & Lennox International (LII)
www.americanbankingnews.com - June 6 at 7:24 AM
finance.yahoo.com logoWatsco to Present at Baird’s 2017 Global Consumer, Technology & Services Conference
finance.yahoo.com - May 31 at 11:30 AM
americanbankingnews.com logoWatsco Inc (WSO) Expected to Post Quarterly Sales of $1.29 Billion
www.americanbankingnews.com - May 26 at 4:06 PM
americanbankingnews.com logoWatsco Inc (WSO) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 23 at 12:30 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Unlikely to Impact Watsco (WSO) Share Price
www.americanbankingnews.com - May 2 at 11:06 AM
americanbankingnews.com logoWatsco Inc (WSO) Expected to Announce Earnings of $2.02 Per Share
www.americanbankingnews.com - May 1 at 3:56 PM
americanbankingnews.com logoWatsco (WSO) Getting Somewhat Favorable Press Coverage, Report Finds
www.americanbankingnews.com - April 29 at 9:22 AM
americanbankingnews.com logoWatsco Inc (WSO) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 28 at 1:48 PM
americanbankingnews.com logoAnalysts Offer Predictions for Watsco Inc's Q2 2017 Earnings (WSO)
www.americanbankingnews.com - April 28 at 8:22 AM
finance.yahoo.com logoEdited Transcript of WSO earnings conference call or presentation 25-Apr-17 2:00pm GMT
finance.yahoo.com - April 28 at 2:10 AM
americanbankingnews.com logoSeaport Global Securities Research Analysts Reduce Earnings Estimates for Watsco Inc (WSO)
www.americanbankingnews.com - April 27 at 3:40 PM
americanbankingnews.com logoWatsco Inc (WSO) to Post FY2017 Earnings of $5.60 Per Share, William Blair Forecasts
www.americanbankingnews.com - April 27 at 12:34 PM
americanbankingnews.com logoEquities Analysts Set Expectations for Watsco Inc's Q2 2017 Earnings (WSO)
www.americanbankingnews.com - April 27 at 7:44 AM
americanbankingnews.com logoSeaport Global Securities Upgrades Watsco Inc (WSO) to "Buy"
www.americanbankingnews.com - April 26 at 9:59 AM
americanbankingnews.com logoWatsco Inc (WSO) PT Raised to $163.00
www.americanbankingnews.com - April 26 at 9:53 AM
americanbankingnews.com logoWilliam Blair Equities Analysts Lower Earnings Estimates for Watsco Inc (WSO)
www.americanbankingnews.com - April 26 at 9:38 AM



Watsco (WSO) Chart for Saturday, July, 22, 2017

This page was last updated on 7/22/2017 by MarketBeat.com Staff