Watsco - WSO Stock Forecast, Price & News

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

Wall Street Analyst Weigh In

WSO has been the subject of a number of recent research reports. Robert W. Baird raised Watsco from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $350.00 to $313.00 in a report on Thursday, July 14th. StockNews.com downgraded shares of Watsco from a "buy" rating to a "hold" rating in a research report on Saturday, April 30th. KeyCorp decreased their price target on shares of Watsco from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Stephens dropped their price target on shares of Watsco to $350.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Finally, Morgan Stanley reduced their price objective on shares of Watsco from $208.00 to $204.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Watsco has an average rating of "Hold" and a consensus price target of $291.75.

Watsco Trading Up 0.3 %

Shares of NYSE:WSO traded up $0.85 during midday trading on Thursday, reaching $292.93. The stock had a trading volume of 178,856 shares, compared to its average volume of 247,243. The company's 50 day moving average price is $253.24 and its 200 day moving average price is $268.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 2.47. Watsco has a twelve month low of $220.68 and a twelve month high of $318.98. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 21.75 and a beta of 0.93.

Watsco (NYSE:WSO - Get Rating) last released its earnings results on Tuesday, July 26th. The construction company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.11. Watsco had a net margin of 7.56% and a return on equity of 25.27%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business earned $3.71 earnings per share. Watsco's revenue for the quarter was up 15.4% on a year-over-year basis. As a group, sell-side analysts expect that Watsco will post 14.75 EPS for the current year.

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were paid a dividend of $2.20 per share. The ex-dividend date was Thursday, July 14th. This represents a $8.80 annualized dividend and a yield of 3.00%. Watsco's dividend payout ratio is currently 65.33%.

Insiders Place Their Bets

In other Watsco news, Director Cesar L. Alvarez sold 4,000 shares of the business's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $253.55, for a total value of $1,014,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.94% of the stock is currently owned by corporate insiders.