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: $5.60783 billion
  • Outstanding Shares: 32,682,000
Average Prices:
  • 50 Day Moving Avg: $148.82
  • 200 Day Moving Avg: $146.20
  • 52 Week Range: $128.60 - $159.55
  • Trailing P/E Ratio: 28.88
  • Foreward P/E Ratio: 24.62
  • P/E Growth: 1.78
Sales & Book Value:
  • Annual Revenue: $4.3 billion
  • Price / Sales: 1.19
  • Book Value: $31.17 per share
  • Price / Book: 5.04
  • Annual Dividend: $5.00
  • Dividend Yield: 3.2%
  • EBIDTA: $376.63 million
  • Net Margins: 4.29%
  • Return on Equity: 14.52%
  • Return on Assets: 9.25%
  • Debt-to-Equity Ratio: 0.30%
  • Current Ratio: 3.42%
  • Quick Ratio: 1.61%
  • Average Volume: 266,761 shs.
  • Beta: 0.82
  • Short Ratio: 4.98

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 announced a quarterly dividend on Monday, July 3rd. Investors of record on Monday, July 17th will be given a dividend of $1.25 per share on Monday, July 31st. This represents a $5.00 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, July 13th. This is a boost 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) announced its quarterly earnings data on Tuesday, July, 25th. The company reported $2.07 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.02 by $0.05. The business earned $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Watsco had a return on equity of 14.52% and a net margin of 4.29%. Watsco's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 EPS. View Watsco's Earnings History.

When will Watsco make its next earnings announcement?

Watsco is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Watsco.

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

7 analysts have issued 12-month target prices for Watsco's shares. Their forecasts range from $141.00 to $170.00. On average, they anticipate Watsco's share price to reach $157.60 in the next twelve months. 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 is anticipated to benefit in the third quarter 2017 from the Russell Sigler acquisition. E-commerce sales growth and growth potential in the replacement market will also drive near-term performance. Watsco’s supply chain optimization will improve fill-rates, increase inventory turns and reduce infrastructure costs over the long term. The company is likely to benefit from the expansion of its product offerings, as well as logistical and productivity improvements. However, its performance will be hurt by foreign currency headwinds, volume issue in Canada and seasonal factors in the near term. Year to date, Watsco underperformed the industry's return." (8/2/2017)
  • 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 shareholders include BlackRock Inc. (7.91%), Vanguard Group Inc. (7.62%), Neuberger Berman Group LLC (3.20%), FMR LLC (3.13%), Ameriprise Financial Inc. (2.68%) and State Street Corp (2.45%). 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 Federated Investors Inc. PA, JPMorgan Chase & Co., Westfield Capital Management Co. LP, Frontier Capital Management Co. LLC, Capital Fund Management S.A., DekaBank Deutsche Girozentrale, BlackRock Inc. and Oak Ridge Investments LLC. View Insider Buying and Selling for Watsco.

Who bought Watsco stock? Who is buying Watsco stock?

Watsco's stock was bought by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Ameriprise Financial Inc., DF Dent & Co. Inc., Kayne Anderson Rudnick Investment Management LLC, GW&K Investment Management LLC, Los Angeles Capital Management & Equity Research Inc., Handelsbanken Fonder AB and FMR LLC. 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 $157.06.

MarketBeat Community Rating for Watsco (NYSE WSO)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  135 (Vote Outperform)
Underperform Votes:  242 (Vote Underperform)
Total Votes:  377
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: 1 Sell Rating, 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $157.60 (0.34% upside)

Analysts' Ratings History for Watsco (NYSE:WSO)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/7/2017Stifel NicolausReiterated RatingBuy$154.00HighView Rating Details
9/1/2017Robert W. BairdReiterated RatingBuy$163.00LowView Rating Details
7/26/2017Morgan StanleyReiterated RatingUnderweight$139.00 -> $141.00LowView Rating Details
7/11/2017Wolfe ResearchInitiated CoverageMarket PerformLowView Rating Details
4/26/2017Seaport Global SecuritiesUpgradeNeutral -> Buy$145.00 -> $160.00MediumView 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
4/20/2016Goldman 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 9/22/2015 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
10/23/2017$1.99N/AView Earnings Details
7/25/2017Q2 2017$2.02$2.07$1.29 billion$1.28 billionViewN/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: $5.73
2018 EPS Consensus Estimate: $6.65
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.77$0.79$0.78
Q2 20173$1.94$2.06$2.01
Q3 20173$1.89$2.03$1.97
Q4 20173$0.89$1.01$0.96
Q1 20181$0.86$0.86$0.86
Q2 20181$2.31$2.31$2.31
Q3 20181$2.32$2.32$2.32
Q4 20181$1.16$1.16$1.16
(Data provided by Zacks Investment Research)


Current Dividend Information for Watsco (NYSE:WSO)
Most Recent Dividend:7/31/2017
Annual Dividend:$5.00
Dividend Yield:3.18%
Dividend Growth:46.30% (3 Year Average)
Payout Ratio:93.11% (Trailing 12 Months of Earnings)
87.11% (Based on This Year's Estimates)
78.37% (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: 81.61%
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)
finance.yahoo.com logoWatsco, Inc. breached its 50 day moving average in a Bullish Manner : WSO-US : September 11, 2017
finance.yahoo.com - September 12 at 12:21 PM
finance.yahoo.com logoWatsco to Present at the Morgan Stanley 5th Annual Laguna Conference
finance.yahoo.com - September 12 at 12:21 PM
americanbankingnews.com logo$1.28 Billion in Sales Expected for Watsco, Inc. (WSO) This Quarter
www.americanbankingnews.com - September 12 at 3:32 AM
americanbankingnews.com logoZacks: Analysts Anticipate Watsco, Inc. (WSO) to Announce $1.99 Earnings Per Share
www.americanbankingnews.com - September 10 at 4:06 PM
americanbankingnews.com logoStifel Nicolaus Reaffirms "Buy" Rating for Watsco, Inc. (WSO)
www.americanbankingnews.com - September 7 at 9:32 PM
americanbankingnews.com logoWatsco, Inc. (WSO) Receives Buy Rating from Robert W. Baird
www.americanbankingnews.com - September 4 at 1:16 PM
americanbankingnews.com logoWatsco, Inc. (WSO) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - September 2 at 2:58 PM
finance.yahoo.com logoWatsco, Inc. : WSO-US: Dividend Analysis : July 17th, 2017 (record date) : By the numbers : August 24, 2017
finance.yahoo.com - August 25 at 12:46 PM
finance.yahoo.com logoWatsco (WSO) Down 3.3% Since Earnings Report: Can It Rebound?
finance.yahoo.com - August 25 at 12:46 PM
americanbankingnews.com logo$1.99 Earnings Per Share Expected for Watsco, Inc. (WSO) This Quarter
www.americanbankingnews.com - August 23 at 4:24 AM
americanbankingnews.com logoCritical Analysis: Thermon Group Holdings (THR) versus Watsco (WSO)
www.americanbankingnews.com - August 20 at 12:34 PM
americanbankingnews.com logoHead to Head Comparison: Watsco (WSO) versus AAON (AAON)
www.americanbankingnews.com - August 17 at 12:14 AM
americanbankingnews.com logoBidaskClub Lowers Watsco, Inc. (NYSE:WSO) to Hold
www.americanbankingnews.com - August 15 at 12:28 AM
americanbankingnews.com logoHead to Head Review: Watsco (NYSE:WSO) and Thermon Group Holdings (THR)
www.americanbankingnews.com - August 13 at 9:00 AM
americanbankingnews.com logoWatsco (WSO.B) versus Watsco (NYSE:WSO) Financial Analysis
www.americanbankingnews.com - August 12 at 8:12 PM
finance.yahoo.com logoWatsco, Inc. breached its 50 day moving average in a Bearish Manner : WSO-US : August 10, 2017
finance.yahoo.com - August 10 at 3:59 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Watsco Inc.
finance.yahoo.com - August 10 at 9:49 AM
finance.yahoo.com logoWatsco, Inc. – Value Analysis (NYSE:WSO) : August 8, 2017
finance.yahoo.com - August 9 at 9:18 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 8 at 2:44 PM
americanbankingnews.com logoWatsco, Inc. (WSO) Upgraded by BidaskClub to Buy
www.americanbankingnews.com - August 8 at 1:20 PM
americanbankingnews.com logoContrasting Watsco (WSO.B) & Watsco (WSO)
www.americanbankingnews.com - August 8 at 7:32 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Watsco, Inc. (NYSE:WSO) Will Post Quarterly Sales of $1.28 Billion
www.americanbankingnews.com - August 6 at 7:00 AM
americanbankingnews.com logoWatsco (NYSE:WSO) and Watsco (WSO.B) Head-To-Head Survey
www.americanbankingnews.com - August 6 at 12:30 AM
americanbankingnews.com logoZacks: Analysts Expect Watsco, Inc. (WSO) to Post $1.99 Earnings Per Share
www.americanbankingnews.com - August 4 at 10:14 PM
finance.yahoo.com logoEarnings Review and Free Research Report: Watsco’s Posts Recorded Sales and Earnings Results
finance.yahoo.com - August 4 at 10:08 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - August 2 at 2:36 PM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - August 1 at 12:56 PM
americanbankingnews.com logoReviewing AAON (AAON) & Watsco (WSO)
www.americanbankingnews.com - July 29 at 7:46 AM
americanbankingnews.com logoBrokers Offer Predictions for Watsco, Inc.'s Q3 2017 Earnings (WSO)
www.americanbankingnews.com - July 28 at 9:49 AM
americanbankingnews.com logoWatsco, Inc. Expected to Post Q3 2017 Earnings of $1.99 Per Share (NYSE:WSO)
www.americanbankingnews.com - July 28 at 9:49 AM
americanbankingnews.com logoResearch Analysts Set Expectations for Watsco, Inc.'s FY2017 Earnings (NYSE:WSO)
www.americanbankingnews.com - July 27 at 10:07 AM
americanbankingnews.com logoFY2017 EPS Estimates for Watsco, Inc. (WSO) Lifted by Analyst
www.americanbankingnews.com - July 27 at 10:07 AM
finance.yahoo.com logoWatsco Warms Up in a Hot Summer
finance.yahoo.com - July 27 at 9:39 AM
finance.yahoo.com logoWatsco (WSO) Q2 Earnings Top on Rising Technology Investment
finance.yahoo.com - July 27 at 9:39 AM
finance.yahoo.com logoWatsco, Inc. breached its 50 day moving average in a Bearish Manner : WSO-US : July 27, 2017
finance.yahoo.com - July 27 at 9:39 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Stock Rating Reaffirmed by Morgan Stanley
www.americanbankingnews.com - July 26 at 2:41 PM
finance.yahoo.com logoEdited Transcript of WSO earnings conference call or presentation 25-Jul-17 2:00pm GMT
finance.yahoo.com - July 26 at 10:20 AM
americanbankingnews.com logoWatsco, Inc. (NYSE:WSO) to Post Q3 2017 Earnings of $1.89 Per Share, William Blair Forecasts
www.americanbankingnews.com - July 26 at 9:24 AM
americanbankingnews.com logoWatsco, Inc. (WSO) Announces Quarterly Earnings Results
www.americanbankingnews.com - July 25 at 9:58 AM
rttnews.com logoWatsco Inc Reveals 14% Gain In Q2 Earnings
www.rttnews.com - July 25 at 8:35 AM
finance.yahoo.com logoInvestor Network: Watsco, Inc. to Host Earnings Call
finance.yahoo.com - July 25 at 8:35 AM
finance.yahoo.com logoWatsco Achieves Record Sales, Earnings, Net Income and EPS During Second Quarter
finance.yahoo.com - July 25 at 8:35 AM
finance.yahoo.com logoWatsco beats 2Q profit forecasts
finance.yahoo.com - July 25 at 8:35 AM
finance.yahoo.com logoWatsco posts 2Q profit
finance.yahoo.com - July 25 at 8:34 AM
americanbankingnews.com logoHead to Head Comparison: Thermon Group Holdings (THR) & Watsco (NYSE:WSO)
www.americanbankingnews.com - July 23 at 2:12 PM
americanbankingnews.com logoReviewing Watsco (NYSE:WSO) and Graham Corporation (GHM)
www.americanbankingnews.com - July 22 at 2:15 PM
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



Watsco (WSO) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by MarketBeat.com Staff