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.
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6 Wall Street research analysts have issued 12 month price targets for Watsco's shares. Their WSO share price forecasts range from $218.00 to $350.00. On average, they predict the company's share price to reach $294.17 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
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Watsco's stock was trading at $249.40 at the beginning of the year. Since then, WSO stock has increased by 10.6% and is now trading at $275.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our WSO earnings forecast.

Watsco will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Watsco, Inc. (NYSE:WSO) released its quarterly earnings data on Tuesday, October, 19th. The construction company reported $3.62 EPS for the quarter, topping analysts' consensus estimates of $3.55 by $0.07. The construction company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.83 billion. Watsco had a trailing twelve-month return on equity of 25.19% and a net margin of 7.53%. Watsco's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.76 EPS.

Watsco declared a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Tuesday, January 17th will be given a dividend of $2.45 per share on Tuesday, January 31st. This represents a $9.80 annualized dividend and a dividend yield of 3.55%. 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.

Watsco (NYSE:WSO) pays an annual dividend of $9.80 per share and currently has a dividend yield of 3.60%. 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 70.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 72.32% 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 many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.63%), DAVENPORT & Co LLC (1.47%), Caledonia Investments PLC (0.71%), Allspring Global Investments Holdings LLC (0.54%), Riverbridge Partners LLC (0.35%) and Capital Advisors Inc. OK (0.25%). 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 $275.72.

Watsco (NYSE:WSO) has a market capitalization of $10.68 billion and generates $6.28 billion in revenue each year. The construction company earns $418.95 million in net income (profit) each year or $13.88 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.