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.

Watsco Stock Up 0.8 %

WSO Stock opened at $305.30 on Tuesday. Watsco has a twelve month low of $220.68 and a twelve month high of $318.98. The company has a current ratio of 2.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.90 billion, a P/E ratio of 22.67 and a beta of 0.93. The firm has a 50 day simple moving average of $255.67 and a 200-day simple moving average of $269.02.

Watsco (NYSE:WSO - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The construction company reported $4.93 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $3.71 earnings per share. The business's quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that Watsco will post 14.75 earnings per share for the current fiscal year.

Watsco Announces Dividend

The company also recently disclosed 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. This represents a $8.80 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, July 14th. Watsco's dividend payout ratio (DPR) is presently 65.33%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stephens lowered their price objective on shares of Watsco to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Morgan Stanley lowered their price objective on shares of Watsco from $208.00 to $204.00 and set an "underweight" rating for the company in a research report on Wednesday, July 27th. StockNews.com downgraded shares of Watsco from a "buy" rating to a "hold" rating in a research report on Saturday, April 30th. Robert W. Baird raised shares of Watsco from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $350.00 to $313.00 in a research report on Thursday, July 14th. Finally, KeyCorp lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Watsco presently has an average rating of "Hold" and an average price target of $291.75.

Insider Buying and Selling

In related news, Director Cesar L. Alvarez sold 4,000 shares of the firm's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $253.55, for a total transaction of $1,014,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.94% of the stock is currently owned by company insiders.