Watsco Stock Forecast, Price & News

Watsco's stock was trading at $164.89 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WSO shares have increased by 36.5% and is now trading at $225.11.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Watsco is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Watsco.

Watsco Inc (NYSE:WSO) posted its earnings results on Thursday, October, 22nd. The construction company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.23. The construction company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. Watsco had a return on equity of 13.38% and a net margin of 4.77%. The business's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share.
View Watsco's earnings history.

Watsco announced a quarterly dividend on Friday, October 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $1.775 per share on Friday, October 30th. This represents a $7.10 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Wednesday, October 14th.
View Watsco's dividend history.

8 brokers have issued 1-year price targets for Watsco's shares. Their forecasts range from $160.00 to $219.00. On average, they anticipate Watsco's share price to reach $184.40 in the next twelve months. This suggests that the stock has a possible downside of 18.1%.
View analysts' price targets for Watsco.

Some companies that are related to Watsco include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), MSC Industrial Direct (MSM), Air Lease (AL), Applied Industrial Technologies (AIT), GATX (GATX), Beacon Roofing Supply (BECN), WESCO International (WCC), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), Titan Machinery (TITN) and MRC Global (MRC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), The 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 shareholders include DAVENPORT & Co LLC (1.62%), Welch & Forbes LLC (0.50%), Dearborn Partners LLC (0.49%), Howland Capital Management LLC (0.42%), Riverbridge Partners LLC (0.40%) and Conestoga Capital Advisors LLC (0.16%). Company insiders that own Watsco stock include Barry S Logan, Bob L Moss and George Sape.
View institutional ownership trends for Watsco.

WSO stock was sold by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Retirement Systems of Alabama, Denali Advisors LLC, Dearborn Partners LLC, Grace & White Inc. NY, Handelsinvest Investeringsforvaltning, New Mexico Educational Retirement Board, and RFG Advisory LLC. Company insiders that have sold Watsco company stock in the last year include Barry S Logan, Bob L Moss, and George Sape.
View insider buying and selling activity for Watsco.

WSO stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Pacer Advisors Inc., Conestoga Capital Advisors LLC, Envestnet Asset Management Inc., Welch & Forbes LLC, Campbell & CO Investment Adviser LLC, NEXT Financial Group Inc, and Moody Lynn & Lieberson LLC.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of WSO stock can currently be purchased for approximately $225.11.

Watsco has a market capitalization of $8.65 billion and generates $4.77 billion in revenue each year. The construction company earns $245.95 million in net income (profit) each year or $6.50 on an earnings per share basis. Watsco employs 5,800 workers across the globe.

The official website for Watsco is www.watsco.com.

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]