Watsco, Inc. (WSO)

NYSE: WSO · IEX Real-Time Price · USD
440.60
+27.03 (6.54%)
At close: Apr 24, 2024, 4:00 PM
443.00
+2.40 (0.54%)
After-hours: Apr 24, 2024, 7:58 PM EDT
6.54%
Market Cap 17.40B
Revenue (ttm) 7.28B
Net Income (ttm) 536.34M
Shares Out 39.50M
EPS (ttm) 13.67
PE Ratio 32.23
Forward PE 30.62
Dividend $10.80 (2.45%)
Ex-Dividend Date Apr 12, 2024
Volume 778,410
Open 422.69
Previous Close 413.57
Day's Range 421.83 - 451.29
52-Week Range 315.18 - 450.56
Beta 0.87
Analysts Hold
Price Target 389.00 (-11.71%)
Earnings Date Apr 24, 2024

About WSO

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including 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 comprising replacement compressors, evaporator coils, motors, and other component parts; and suppli... [Read more]

Sector Industrials
Founded 1945
Employees 7,425
Stock Exchange NYSE
Ticker Symbol WSO
Full Company Profile

Financial Performance

In 2023, Watsco's revenue was $7.28 billion, an increase of 0.13% compared to the previous year's $7.27 billion. Earnings were $536.34 million, a decrease of -10.78%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for WSO stock is "Hold." The 12-month stock price forecast is $389.0, which is a decrease of -11.71% from the latest price.

Price Target
$389.0
(-11.71% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Watsco Reports Record First Quarter Sales, Record Cash Flow and Improving Business Trends Ahead of Summer Selling Season

Continued Customer Adoption of Industry-Leading Technologies Drives Share Gains; Company Strengthens Balance Sheet for Long-Term Investment and Growth

21 hours ago - GlobeNewsWire

Bearish on NVDA & Bullish on WSO, DVN

Nvidia (NVDA), Watsco (WSO), and Devon Energy (DVN) are today's big three stocks. Dan Deming and Ben Lichtenstein discuss how to trade, as well as the technical trends of these names.

Other symbols: NVDADVN
15 days ago - Schwab Network

Watsco's Earnings Call to Discuss First Quarter Results Scheduled on April 24, 2024

MIAMI, April 08, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2024 first quarter financial results on Wednesday, April 24, 2024 ...

16 days ago - GlobeNewsWire

Watsco Boosts Annual Dividend 10% to $10.80 Per Share

MIAMI, April 01, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B comm...

23 days ago - GlobeNewsWire

Watsco to Present at the J.P. Morgan 2024 Industrials Conference

MIAMI, March 08, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Barry Logan, Executive Vice President, is scheduled to speak at J.P. Morgan's 2024 Industrials Conference being ...

6 weeks ago - GlobeNewsWire

Watsco Reports Strong 2023 Performance Gaining Share in a Soft Market Boosts Annual Dividend 10% to $10.80 Per Share

Entrepreneurial Culture, Transformational Technologies, Strong Financial Position Continue to Provide Results and Significant Opportunities

2 months ago - GlobeNewsWire

Watsco to Host 2023 Earnings Call February 13, 2024

MIAMI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 fourth quarter and annual financial results on Tuesday, Februa...

2 months ago - GlobeNewsWire

Watsco Declares $2.45 Quarterly Dividend and Commemorates Paying Dividends for 50 Consecutive Years

MIAMI, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B commo...

4 months ago - GlobeNewsWire

Watsco to Present at the Stephens Annual Investment Conference on November 14, 2023

MIAMI, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Enrique (Rick) Gomez, Vice President, is scheduled to speak at the Stephens Annual Investment Conference being he...

5 months ago - GlobeNewsWire

Watsco Reports Record-Breaking Third Quarter

Sales, Operating Income, Net Income and EPS at Record Levels Improved Productivity and Operating Efficiency Drive Record Operating Margin; Strong Balance Sheet Well-Positioned for Investment MIAMI, Oc...

6 months ago - GlobeNewsWire

Watsco's Earnings Call to Discuss Third Quarter Results Scheduled on October 19, 2023

MIAMI, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 third quarter financial results on Thursday, October 19, 2023 ...

7 months ago - GlobeNewsWire

Watsco Declares $2.45 Quarterly Dividend

MIAMI, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B commo...

7 months ago - GlobeNewsWire

These Stocks Were Big Inflation Winners. Now They're at Risk of a Slowdown.

Ferguson, Pool Corp., Watsco, and Wesco do well when prices are increasing and inventory gets marked up. What happens when inflation slows?

Other symbols: FERGPOOLWCC
8 months ago - Barrons

Watsco to Present at the 11th Annual Morgan Stanley Laguna Conference on September 13, 2023

MIAMI, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Barry Logan, Executive Vice President, is scheduled to speak at Morgan Stanley's 11th Annual Laguna Conference o...

8 months ago - GlobeNewsWire

Watsco Acquires Gateway Supply Company

$180 Million Distributor Adds 16 Locations in Core Sunbelt Markets Gateway Builds on Watsco's Leading Scale in Fragmented $50 Billion HVAC Marketplace

8 months ago - GlobeNewsWire

Watsco Reports Strong Second Quarter Results

Entrepreneurial Culture, Industry Scale, Technology Transformation and Regulatory Changes Contribute to Strong Margins and Support Long-Term Growth Entrepreneurial Culture, Industry Scale, Technology ...

9 months ago - GlobeNewsWire

Watsco's Earnings Call to Discuss Second Quarter Results Scheduled on August 1, 2023

MIAMI, July 10, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 second quarter financial results on Tuesday, August 1, 2023 at...

10 months ago - GlobeNewsWire

Watsco Joins the Prestigious Ranks of the Fortune 500

MIAMI, June 08, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) today announced it was named to the Fortune 500 list of companies by Fortune Magazine. Watsco ranked 495 overall on the list marking a...

11 months ago - GlobeNewsWire

Watsco Reports First Quarter EPS of $2.83 on Record Sales

Entrepreneurial Culture, Industry Scale, Technology Adoption and Regulatory Changes Contribute to Strong Margins and Support Long-Term Growth Entrepreneurial Culture, Industry Scale, Technology Adopti...

1 year ago - GlobeNewsWire

Watsco's Earnings Call to Discuss First Quarter Results Scheduled on April 20, 2023

MIAMI, April 07, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 first quarter financial results on Thursday, April 20, 2023 a...

1 year ago - GlobeNewsWire

Watsco Completes $600 Million Unsecured Credit Facility

MIAMI, March 17, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) today announced that it has signed a $600 million unsecured revolving credit facility led by Bank of America, N.A. as Administrative ...

1 year ago - GlobeNewsWire

Watsco to Present at the J.P. Morgan 2023 Industrials Conference on March 15, 2023

MIAMI, March 14, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Barry Logan, Executive Vice President, is scheduled to speak at J.P. Morgan's 2023 Industrials Conference being ...

1 year ago - GlobeNewsWire

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Genco Shipping & Trading (NYSE:GNK), United Parcel Service (NYSE:UPS)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: GNKUPS
1 year ago - Benzinga

Watsco Reports Record Fourth Quarter and Record 2022 Performance

Record Fourth Quarter EPS Generated by Record Sales, Gross Margins and Operating Efficiencies. Full-Year 2022 16% Sales Growth Leads to Record Profits, Operating Margin, EPS and Cash Flow.

1 year ago - GlobeNewsWire

Watsco to Host 2022 Earnings Call February 16, 2023

MIAMI, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2022 fourth quarter and annual financial results on Thursday, Febru...

1 year ago - GlobeNewsWire