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NYSE:WSO

Watsco Stock Forecast, Price & News

$238.82
+0.84 (+0.35%)
(As of 06/30/2022 04:00 PM ET)
Add
Compare
Today's Range
$235.62
$243.17
50-Day Range
$226.94
$299.34
52-Week Range
$220.68
$318.98
Volume
260,816 shs
Average Volume
236,845 shs
Market Capitalization
$9.31 billion
P/E Ratio
19.50
Dividend Yield
3.62%
Price Target
$305.17
30 days | 90 days | 365 days | Advanced Chart

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WSO Stock Forecast (MarketRank)

Overall MarketRank

3.00 out of 5 stars

Construction Sector

19th out of 137 stocks

Hardware, & Plumbing & Heating Equipment & Supplies Industry

1st out of 2 stocks

Analyst Opinion: 3.0Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
Watsco logo

About Watsco (NYSE:WSO)

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.

WSO Stock News Headlines

Watsco (NYSE:WSO) Sets New 1-Year Low at $220.85
See More Headlines

Industry, Sector and Symbol

Industry
Hardware, & plumbing & heating equipment & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
94262220
Employees
6,900
Year Founded
1945

Company Calendar

Ex-Dividend for 4/29 Dividend
4/13/2022
Last Earnings
4/21/2022
Dividend Payable
4/29/2022
Today
6/30/2022
Next Earnings (Estimated)
7/28/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$305.17
High Stock Price Forecast
$350.00
Low Stock Price Forecast
$207.00
Forecasted Upside/Downside
+27.8%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
5 Analysts

Profitability

Net Income
$418.95 million
Pretax Margin
10.74%

Debt

Sales & Book Value

Annual Sales
$6.28 billion
Cash Flow
$11.46 per share
Book Value
$51.52 per share

Miscellaneous

Free Float
33,777,000
Market Cap
$9.31 billion
Optionable
Optionable
Beta
0.89

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Watsco Frequently Asked Questions

Should I buy or sell Watsco stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Watsco stock. 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.
View analyst ratings for Watsco
or view top-rated stocks.

What is Watsco's stock price forecast for 2022?

5 Wall Street analysts have issued 12 month price targets for Watsco's stock. Their WSO stock forecasts range from $207.00 to $350.00. On average, they anticipate Watsco's share price to reach $305.17 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
View analysts' price targets for Watsco
or view top-rated stocks among Wall Street analysts.

How has Watsco's stock price performed in 2022?

Watsco's stock was trading at $312.88 at the beginning of 2022. Since then, WSO shares have decreased by 23.6% and is now trading at $238.98.
View the best growth stocks for 2022 here
.

When is Watsco's next earnings date?

Watsco is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Watsco
.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) released its quarterly earnings data on Thursday, April, 21st. The construction company reported $2.90 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $1.08. The construction company earned $1.52 billion during the quarter, compared to analysts' expectations of $1.39 billion. Watsco had a net margin of 7.16% and a trailing twelve-month return on equity of 23.76%. The business's quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS.
View Watsco's earnings history
.

How often does Watsco pay dividends? What is the dividend yield for Watsco?

Watsco declared a quarterly dividend on Monday, April 4th. Stockholders of record on Thursday, April 14th will be given a dividend of $2.20 per share on Friday, April 29th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, April 13th. This is a boost from Watsco's previous quarterly dividend of $1.95.
View Watsco's dividend history
.

Is Watsco a good dividend stock?

Watsco(NYSE:WSO) pays an annual dividend of $8.80 per share and currently has a dividend yield of 3.62%. Watsco has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Watsco is 71.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Watsco will have a dividend payout ratio of 61.28% next year. This indicates that Watsco will be able to sustain or increase its dividend.
View Watsco's dividend history.

Who are Watsco's key executives?

Watsco's management team includes the following people:
  • Mr. Albert H. Nahmad, Chairman & CEO (Age 81, Pay $672.64k)
  • Mr. Aaron J. Nahmad, Pres & Director (Age 41, Pay $907.56k)
  • Ms. Ana M. Menendez, CFO & Treasurer (Age 57, Pay $357.25k)
  • Mr. Barry S. Logan, Exec. VP of Planning & Strategy and Sec. (Age 59, Pay $468.53k) (LinkedIn Profile)
  • Mr. Steven Rupp, Chief Technology Officer
  • Mr. Paul W. Johnston, Exec. VP (Age 69)
  • Mr. Rick Gomez, VP of Corp. Devel.

What is Albert H. Nahmad's approval rating as Watsco's CEO?

15 employees have rated Watsco CEO Albert H. Nahmad on Glassdoor.com. Albert H. Nahmad has an approval rating of 85% among Watsco's employees. 68.0% of employees surveyed would recommend working at Watsco to a friend.

What other stocks do shareholders of Watsco own?

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).

What is Watsco's stock symbol?

Watsco trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSO."

How do I buy shares of Watsco?

Shares of WSO 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.
Compare Top Brokerages Here.

What is Watsco's stock price today?

One share of WSO stock can currently be purchased for approximately $238.98.

How much money does Watsco make?

Watsco (NYSE:WSO) has a market capitalization of $9.31 billion and generates $6.28 billion in revenue each year. The construction company earns $418.95 million in net income (profit) each year or $12.25 on an earnings per share basis.

How many employees does Watsco have?

Watsco employs 6,900 workers across the globe.

When was Watsco founded?

Watsco was founded in 1945.

How can I contact Watsco?

Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The official website for Watsco is www.watsco.com. The construction company can be reached via phone at (305) 714-4100, via email at [email protected], or via fax at 305-858-4492.

This page (NYSE:WSO) was last updated on 6/30/2022 by MarketBeat.com Staff

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