Watsco - WSO Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street 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.
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5 equities research analysts have issued 1 year price objectives for Watsco's shares. Their WSO share price forecasts range from $217.00 to $350.00. On average, they anticipate the company's stock price to reach $300.20 in the next twelve months. This suggests a possible upside of 18.7% 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 $312.88 on January 1st, 2022. Since then, WSO shares have decreased by 19.2% and is now trading at $252.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our WSO earnings forecast.

Watsco, Inc. (NYSE:WSO) issued its earnings results on Tuesday, July, 26th. The construction company reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.02 by $0.09. The construction company earned $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Watsco had a net margin of 7.56% and a trailing twelve-month return on equity of 25.27%. The business's revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.71 EPS.

Watsco announced a quarterly dividend on Saturday, July 2nd. Shareholders of record on Friday, July 15th will be given a dividend of $2.20 per share on Friday, July 29th. This represents a $8.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, July 14th.
Read our dividend analysis for WSO.

Watsco (NYSE:WSO) pays an annual dividend of $8.80 per share and currently has a dividend yield of 3.48%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 65.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 63.35% 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 number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.57%), Kayne Anderson Rudnick Investment Management LLC (4.40%), FMR LLC (2.58%), State Street Corp (2.29%), DAVENPORT & Co LLC (1.38%) and Wells Fargo & Company MN (1.37%). Insiders that own company stock include Barry S Logan, Bob L Moss, Brian E Keeley, Cesar L Alvarez and George Sape.
View institutional ownership trends.

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 $252.93.

Watsco (NYSE:WSO) has a market capitalization of $9.85 billion and generates $6.28 billion in revenue each year. The construction company earns $418.95 million in net income (profit) each year or $13.47 on an earnings per share basis.

The company employs 6,900 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.