Watsco Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
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Wall Street analysts have given Watsco a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Watsco wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Watsco is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Watsco.

Watsco, Inc. (NYSE:WSO) released its quarterly earnings data on Thursday, April, 22nd. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.48. The construction company earned $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. Watsco had a net margin of 5.52% and a trailing twelve-month return on equity of 16.08%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS.
View Watsco's earnings history.

Watsco's stock was trading at $164.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WSO stock has increased by 71.3% and is now trading at $282.45.
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Watsco declared a quarterly dividend on Thursday, April 1st. Stockholders of record on Thursday, April 15th will be paid a dividend of $1.95 per share on Friday, April 30th. This represents a $7.80 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, April 14th. This is a positive change from Watsco's previous quarterly dividend of $1.78.
View Watsco's dividend history.

Watsco pays an annual dividend of $7.80 per share and currently has a dividend yield of 2.77%. Watsco does not yet have a strong track record of dividend growth. The dividend payout ratio of Watsco is 111.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Watsco will have a dividend payout ratio of 85.71% in the coming year. This indicates that Watsco may not be able to sustain their current dividend.
View Watsco's dividend history.

7 brokerages have issued twelve-month price objectives for Watsco's shares. Their forecasts range from $218.00 to $309.00. On average, they expect Watsco's share price to reach $260.75 in the next twelve months. This suggests that the stock has a possible downside of 7.7%.
View analysts' price targets for Watsco or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Watsco include Fastenal (FAST), W.W. Grainger (GWW), United Rentals (URI), WESCO International (WCC), Air Lease (AL), MSC Industrial Direct (MSM), Beacon Roofing Supply (BECN), Applied Industrial Technologies (AIT), GATX (GATX), Rush Enterprises (RUSHA), Textainer Group (TGH), Kaman (KAMN), H&E Equipment Services (HEES), MRC Global (MRC) and Titan Machinery (TITN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), The Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), The Home Depot (HD), The 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (9.55%), Baillie Gifford & Co. (5.17%), Neuberger Berman Group LLC (2.03%), Kayne Anderson Rudnick Investment Management LLC (2.00%), DAVENPORT & Co LLC (1.60%) and Blair William & Co. IL (1.46%). Company insiders that own Watsco stock include Barry S Logan, Bob L Moss and George Sape.
View institutional ownership trends for Watsco.

WSO stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Ninety One UK Ltd, Goldman Sachs Group Inc., Quantum Capital Management LLC NJ, Aviva PLC, Royce & Associates LP, Janus Henderson Group PLC, and Bank of New York Mellon Corp. Company insiders that have sold Watsco company stock in the last year include Barry S Logan, and George Sape.
View insider buying and selling activity for Watsco or view top insider-selling stocks.

WSO stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., BlackRock Inc., Waddell & Reed Financial Inc., Eaton Vance Management, Geode Capital Management LLC, Ameriprise Financial Inc., Victory Capital Management Inc., and Acadian Asset Management LLC.
View insider buying and selling activity for Watsco or or view top insider-buying stocks.

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.
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One share of WSO stock can currently be purchased for approximately $282.45.

Watsco has a market capitalization of $10.93 billion and generates $5.05 billion in revenue each year. The construction company earns $269.58 million in net income (profit) each year or $7.01 on an earnings per share basis.

Watsco employs 5,800 workers across the globe.

Watsco was founded in 1945.

The official website for Watsco is www.watsco.com.

Watsco is headquartered at 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133.

Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The construction company can be reached via phone at 305-714-4100 or via email at [email protected]