Watsco, 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
Industry Hardware, & plumbing & heating equipment & supplies
Sub-IndustryTrading Companies & Distributors
SectorConstruction
SymbolNYSE:WSO
CUSIP94262220
Phone305-714-4100
Debt
Debt-to-Equity Ratio0.01%
Current Ratio3.21%
Quick Ratio1.38%
Price-To-Earnings
Trailing P/E Ratio34.74
Forward P/E Ratio27.51
P/E GrowthN/A
Sales & Book Value
Annual Sales$4.34 billion
Price / Sales1.61
Cash Flow$6.0514 per share
Price / Cash30.96
Book Value$43.40 per share
Price / Book4.32
Profitability
EPS (Most Recent Fiscal Year)$5.48
Net Income$208.22 million
Net Margins4.80%
Return on Equity14.66%
Return on Assets9.51%
Miscellaneous
Employees5,200
Outstanding Shares37,310,000
Watsco (NYSE:WSO) Frequently Asked Questions
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, April 2nd. Shareholders of record on Monday, April 16th will be paid a dividend of $1.45 per share on Monday, April 30th. This represents a $5.80 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, April 13th. This is a positive change from Watsco's previous quarterly dividend of $1.25. View Watsco's Dividend History.
How were Watsco's earnings last quarter?
Watsco Inc (NYSE:WSO) issued its earnings results on Thursday, February, 8th. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.10. The construction company earned $964.35 million during the quarter, compared to analysts' expectations of $965.85 million. Watsco had a net margin of 4.80% and a return on equity of 14.66%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. View Watsco's Earnings History.
When is Watsco's next earnings date?
What price target have analysts set for WSO?
9 brokerages have issued twelve-month price targets for Watsco's stock. Their forecasts range from $156.00 to $195.00. On average, they anticipate Watsco's stock price to reach $171.8571 in the next twelve months. View Analyst Ratings for Watsco.
Are investors shorting Watsco?
Watsco saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,092,542 shares, an increase of 58.3% from the February 28th total of 690,092 shares. Based on an average trading volume of 305,735 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.6% of the company's stock are sold short.
Who are some of Watsco's key competitors?
Some companies that are related to Watsco include Masco (MAS), Martin Marietta Materials (MLM), Persimmon (PSMMY), Rollins (ROL), NVR (NVR), Cemex (CX), Owens Corning (OC), Jacobs Engineering Group (JEC), Lennox International (LII), Fluor (FLR), PulteGroup (PHM), James Hardie Industries (JHX), Anhui Conch Cement (AHCHY), Weir Group (WEGRY), Watsco (WSO.B), ServiceMaster (SERV), RPM International (RPM) and Toll Brothers (TOL).
Who are Watsco's key executives?
Watsco's management team includes the folowing people:
- Albert H. Nahmad, Chairman of the Board, Chief Executive Officer (Age 76)
- Aaron J. Nahmad, President, Director (Age 35)
- Bob L. Moss, Vice Chairman of the Board, Lead Independent Director (Age 69)
- Ana M. Menendez, Chief Financial Officer, Treasurer, Assistant Secretary (Age 52)
- Barry S. Logan, Senior Vice President, Secretary, Director (Age 54)
- David C. Darnell, Independent Director (Age 64)
- Denise E. Dickins, Independent Director (Age 55)
- Jason Epstein, Independent Director (Age 43)
- George P. Sape, Independent Director (Age 72)
Has Watsco been receiving favorable news coverage?
Headlines about WSO stock have trended somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Watsco earned a daily sentiment score of 0.12 on Accern's scale. They also assigned media stories about the construction company an impact score of 45.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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, Scottrade, Fidelity and Charles Schwab.
What is Watsco's stock price today?
One share of WSO stock can currently be purchased for approximately $187.35.
How big of a company is Watsco?
Watsco has a market capitalization of $7.08 billion and generates $4.34 billion in revenue each year. The construction company earns $208.22 million in net income (profit) each year or $5.48 on an earnings per share basis. Watsco employs 5,200 workers across the globe.
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]
MarketBeat Community Rating for Watsco (WSO)
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.
Watsco (NYSE:WSO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Watsco in the last 12 months. Their average twelve-month price target is $171.8571, suggesting that the stock has a possible downside of 8.27%. The high price target for WSO is $195.00 and the low price target for WSO is $156.00. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Hold |
| Consensus Rating Score: | 2.44 | 2.44 | 2.50 | 2.33 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $171.8571 | $166.5714 | $158.25 | $157.00 |
| Price Target Upside: | 8.27% downside | 0.96% upside | 4.02% downside | 0.98% downside |
Watsco (NYSE:WSO) Consensus Price Target History
Watsco (NYSE:WSO) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
Watsco (NYSE:WSO) Dividend Information
Watsco pays an annual dividend of $5.80 per share, with a dividend yield of 3.10%. WSO's next quarterly dividend payment will be made on Monday, April 30. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 32.00% each year. Watsco pays out 105.84% of its earnings out as a dividend.
| Next Dividend: | 4/30/2018 |
| Annual Dividend: | $5.80 |
| Dividend Yield: | 3.10% |
| Dividend Growth: | 32.00% (3 Year Average) |
| Payout Ratio: | 105.84% (Trailing 12 Months of Earnings)
85.17% (Based on This Year's Estimates)
77.23% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Watsco (NYSE:WSO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/2/2018 | quarterly | $1.45 | 3.22% | 4/13/2018 | 4/16/2018 | 4/30/2018 |
| 1/2/2018 | quarterly | $1.25 | 2.94% | 1/12/2018 | 1/16/2018 | 1/31/2018 |
| 10/2/2017 | quarterly | $1.25 | 3.05% | 10/13/2017 | 10/16/2017 | 10/31/2017 |
| 7/3/2017 | quarterly | $1.25 | 3.21% | 7/13/2017 | 7/17/2017 | 7/31/2017 |
| 4/3/2017 | quarterly | $1.05 | 2.93% | 4/11/2017 | 4/14/2017 | 4/28/2017 |
| 1/3/2017 | quarterly | $1.05 | 2.8% | 1/12/2017 | 1/17/2017 | 1/31/2017 |
| 10/3/2016 | quarterly | $1.05 | 2.98% | 10/13/2016 | 10/17/2016 | 10/31/2016 |
| 7/1/2016 | quarterly | $0.85 | 2.39% | 7/13/2016 | 7/15/2016 | 7/29/2016 |
| 4/1/2016 | quarterly | $0.85 | 2.55% | 4/13/2016 | 4/15/2016 | 4/29/2016 |
| 1/4/2016 | quarterly | $0.85 | | 1/13/2016 | 1/15/2016 | 1/29/2016 |
| 10/1/2015 | quarterly | $0.70 | | 10/13/2015 | 10/15/2015 | 10/30/2015 |
| 7/1/2015 | quarterly | $0.70 | 2.29% | 7/13/2015 | 7/15/2015 | 7/31/2015 |
| 4/1/2015 | quarterly | $0.70 | | 4/13/2015 | 4/15/2015 | 4/30/2015 |
| 1/6/2015 | quarterly | $0.70 | 2.65% | 1/16/2015 | 1/21/2015 | 1/30/2015 |
| 10/1/2014 | quarterly | $0.60 | 2.75% | 10/10/2014 | 10/15/2014 | 10/31/2014 |
| 7/1/2014 | quarterly | $0.60 | 2.35% | 7/11/2014 | 7/15/2014 | 7/31/2014 |
| 4/1/2014 | quarterly | $0.40 | 1.59% | 4/11/2014 | 4/15/2014 | 4/30/2014 |
| 1/2/2014 | quarterly | $0.40 | 1.68% | 1/13/2014 | 1/15/2014 | 1/31/2014 |
| 10/2/2013 | quarterly | $0.40 | 1.71% | 10/10/2013 | 10/15/2013 | 10/31/2013 |
| 7/1/2013 | quarterly | $0.25 | 1.17% | 7/11/2013 | 7/15/2013 | 7/31/2013 |
| 4/1/2013 | quarterly | $0.25 | 1.21% | 4/11/2013 | 4/15/2013 | 4/30/2013 |
| 1/11/2013 | quarterly | $0.25 | 1.33% | 1/23/2013 | 1/25/2013 | 1/31/2013 |
(Data available from 1/1/2013 forward)
Watsco (NYSE WSO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.93%
Institutional Ownership Percentage: 81.56%
Watsco (NYSE WSO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/22/2017 | Barry S Logan | SVP | Sell | 3,246 | $164.30 | $533,317.80 | 15,800 |  |
| 2/28/2017 | Technologies Corp /De/ United | Major Shareholder | Sell | 4,235,685 | $140.68 | $595,876,165.80 | | |
(Data available from 1/1/2013 forward)
Watsco (NYSE WSO) News Headlines
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Watsco (NYSE:WSO) SEC Filings
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Watsco (NYSE:WSO) Income Statement, Balance Sheet and Cash Flow Statement
Watsco (NYSE WSO) Stock Chart for Saturday, April, 21, 2018
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