Watsco - WSO Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View WSO analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued twelve-month price objectives for Watsco's stock. Their WSO share price forecasts range from $218.00 to $375.00. On average, they anticipate the company's stock price to reach $313.67 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
View analysts price targets for WSO or view top-rated stocks among Wall Street analysts.

Watsco's stock was trading at $249.40 at the beginning of the year. Since then, WSO stock has increased by 20.1% and is now trading at $299.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our WSO earnings forecast.

Watsco, Inc. (NYSE:WSO) announced its quarterly earnings data on Thursday, February, 16th. The construction company reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.23. The construction company earned $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. Watsco had a net margin of 8.26% and a trailing twelve-month return on equity of 25.17%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.02 earnings per share.

Watsco declared a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Tuesday, January 17th will be paid a dividend of $2.45 per share on Tuesday, January 31st. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, January 13th. This is a boost from the stock's previous quarterly dividend of $2.20.
Read our dividend analysis for WSO.

ETFs with the largest weight of Watsco (NYSE:WSO) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Invesco DWA Industrials Momentum ETF (PRN), Motley Fool Global Opportunities ETF (TMFG), 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 3.23%. 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 63.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 68.06% 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 investors include Baillie Gifford & Co. (5.62%), Moneta Group Investment Advisors LLC (3.86%), Charles Schwab Investment Management Inc. (3.52%), Blair William & Co. IL (1.83%), Neuberger Berman Group LLC (1.75%) and DAVENPORT & Co LLC (1.47%). Insiders that own company stock include Barry S Logan, Brian E Keeley, Cesar L Alvarez and George Sape.
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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 $299.63.

Watsco (NYSE:WSO) has a market capitalization of $11.63 billion and generates $7.27 billion in revenue each year. The construction company earns $601.17 million in net income (profit) each year or $15.41 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.