Watsco, Inc. (NYSE:WSO – Free Report) – Equities researchers at Zacks Research boosted their Q1 2027 earnings estimates for shares of Watsco in a research note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $1.94 for the quarter, up from their previous forecast of $1.93. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Watsco’s current full-year earnings is $12.19 per share. Zacks Research also issued estimates for Watsco’s Q1 2028 earnings at $2.07 EPS.
Several other research analysts also recently commented on WSO. Weiss Ratings downgraded shares of Watsco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Stephens reaffirmed an “overweight” rating and issued a $485.00 price target on shares of Watsco in a report on Monday, August 17th. Robert W. Baird set a $400.00 price objective on Watsco in a research report on Thursday, July 30th. Mizuho dropped their price objective on Watsco from $350.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Finally, Morgan Stanley reduced their target price on Watsco from $370.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $373.62.
View Our Latest Stock Report on WSO
Watsco Price Performance
Shares of WSO stock opened at $327.64 on Friday. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 28.42 and a beta of 1.06. The company’s fifty day simple moving average is $306.99 and its two-hundred day simple moving average is $358.70. Watsco has a 1 year low of $277.34 and a 1 year high of $459.00.
Watsco (NYSE:WSO – Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $4.00 earnings per share for the quarter, missing analysts’ consensus estimates of $4.41 by ($0.41). Watsco had a net margin of 6.53% and a return on equity of 14.40%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm earned $4.52 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year.
Institutional Trading of Watsco
A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Watsco by 12.2% in the first quarter. Bank of America Corp DE now owns 239,606 shares of the construction company’s stock worth $87,166,000 after purchasing an additional 26,003 shares during the period. Van ECK Associates Corp lifted its position in Watsco by 76.5% during the second quarter. Van ECK Associates Corp now owns 11,875 shares of the construction company’s stock valued at $4,949,000 after buying an additional 5,147 shares during the period. Nykredit A S bought a new stake in shares of Watsco during the 2nd quarter valued at $5,731,000. Amundi boosted its holdings in shares of Watsco by 5.4% during the 2nd quarter. Amundi now owns 50,125 shares of the construction company’s stock valued at $20,889,000 after buying an additional 2,558 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Watsco during the 2nd quarter valued at $4,459,000. Hedge funds and other institutional investors own 89.71% of the company’s stock.
Watsco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 16th. Watsco’s payout ratio is 114.48%.
Watsco Company Profile
Watsco, Inc (NYSE: WSO) is a distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment and related products. The company supplies residential and light commercial air-conditioning and heating systems, refrigeration equipment, replacement parts, and other supplies used by contractors and service professionals.
Watsco distributes products from leading HVAC/R manufacturers, including equipment and components such as air conditioners, heat pumps, furnaces, air handlers, thermostats, controls, motors and indoor air-quality products.
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