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Closing prices for crude oil, gold and other commodities
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QQQ   324.08
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NYSE:WSO

Watsco - WSO Stock Forecast, Price & News

$292.93
+0.85 (+0.29%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$290.17
$294.40
50-Day Range
$226.94
$292.93
52-Week Range
$220.68
$318.98
Volume
178,856 shs
Average Volume
247,243 shs
Market Capitalization
$11.41 billion
P/E Ratio
21.75
Dividend Yield
3.01%
Price Target
$291.75

Watsco MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.4% Downside
$291.75 Price Target
Short Interest
Healthy
5.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.77
Upright™ Environmental Score
News Sentiment
0.37mentions of Watsco in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
-2.31%
From $14.75 to $14.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Construction Sector

67th out of 105 stocks

Hardware, & Plumbing & Heating Equipment & Supplies Industry

1st out of 1 stocks

WSO stock logo

About Watsco (NYSE:WSO) Stock

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.

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WSO Stock News Headlines

Brokerages Set Watsco, Inc. (NYSE:WSO) Price Target at $295.40
Watsco (WSO) Shares Cross Above 200 DMA
Watsco (NYSE:WSO) Price Target Cut to $350.00
Watsco (NYSE:WSO) PT Raised to $323.00
Watsco Q2 2022 Earnings Preview - Seeking Alpha
Watsco Reports Record-Breaking Second Quarter
See More Headlines
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WSO Company Calendar

Ex-Dividend for 7/29 Dividend
7/14/2022
Last Earnings
7/26/2022
Dividend Payable
7/29/2022
Today
8/12/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$291.75
High Stock Price Forecast
$350.00
Low Stock Price Forecast
$204.00
Forecasted Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$418.95 million
Pretax Margin
11.31%

Debt

Sales & Book Value

Annual Sales
$6.28 billion
Cash Flow
$12.02 per share
Book Value
$56.97 per share

Miscellaneous

Free Float
33,532,000
Market Cap
$11.41 billion
Optionable
Optionable
Beta
0.93

Social Links















WSO Stock - Frequently Asked Questions

Should I buy or sell Watsco stock right now?

4 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 and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WSO shares.
View WSO analyst ratings
or view top-rated stocks.

What is Watsco's stock price forecast for 2022?

4 analysts have issued 12-month target prices for Watsco's shares. Their WSO share price forecasts range from $204.00 to $350.00. On average, they predict the company's stock price to reach $291.75 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for WSO
or view top-rated stocks among Wall Street analysts.

How have WSO shares performed in 2022?

Watsco's stock was trading at $312.88 at the beginning of the year. Since then, WSO shares have decreased by 6.4% and is now trading at $292.93.
View the best growth stocks for 2022 here
.

Are investors shorting Watsco?

Watsco saw a increase in short interest in June. As of June 30th, there was short interest totaling 2,150,000 shares, an increase of 25.0% from the June 15th total of 1,720,000 shares. Based on an average daily trading volume, of 285,600 shares, the short-interest ratio is currently 7.5 days. Currently, 6.5% of the shares of the stock are short sold.
View Watsco's Short Interest
.

When is Watsco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our WSO earnings forecast
.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) issued its earnings results on Tuesday, July, 26th. The construction company reported $4.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.82 by $0.11. The construction company earned $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Watsco had a trailing twelve-month return on equity of 25.27% and a net margin of 7.56%. Watsco's revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.71 earnings per share.

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

Watsco declared a quarterly dividend on Saturday, July 2nd. Shareholders of record on Friday, July 15th will be paid a dividend of $2.20 per share on Friday, July 29th. This represents a $8.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, July 14th.
Read our dividend analysis for WSO
.

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 3.01%. The company 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 is 65.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 61.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WSO.

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

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.

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."

Who are Watsco's major shareholders?

Watsco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.57%), DAVENPORT & Co LLC (1.38%), Mitsubishi UFJ Trust & Banking Corp (1.33%), Markel Corp (1.14%), Boston Financial Mangement LLC (0.93%) and Anchor Capital Advisors LLC (0.59%). Insiders that own company stock include Barry S Logan, Bob L Moss, Brian E Keeley, Cesar L Alvarez and George Sape.
View institutional ownership trends
.

How do I buy shares of Watsco?

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.
Compare Top Brokerages Here.

What is Watsco's stock price today?

One share of WSO stock can currently be purchased for approximately $292.93.

How much money does Watsco make?

Watsco (NYSE:WSO) has a market capitalization of $11.41 billion and generates $6.28 billion in revenue each year. The construction company earns $418.95 million in net income (profit) each year or $13.47 on an earnings per share basis.

How many employees does Watsco have?

The company 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 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.

This page (NYSE:WSO) was last updated on 8/12/2022 by MarketBeat.com Staff

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