Watsco, Inc , together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies.
infoWatsco is a large cap stock with a total market cap of 13.80B.
infoThey trade on the NYSE and had their IPO 39 years and 2 months ago.
infoWatsco currently employs 7200 people.
infoAs of Wednesday, Aug 23 2023, Watsco’s share price is $350.81.
News Relating to Watsco
Zacks Investment Research
Watsco (WSO) Q2 Earnings and Revenues Miss Estimates
Tuesday Aug 01 2023 at 10:25
Watsco (WSO) came out with quarterly earnings of $4.42 per share, missing the Zacks Consensus Estimate of $4.87 per share. This compares to earnings of $4.93 per share a year ago.
Zacks Investment Research
Five Building Product Stocks That Rose More Than 40% YTD
Wednesday Jul 05 2023 at 12:17
Strong infrastructural spending, focus on operational efficiencies and higher improving housing and R&R activities raise hopes for PGTI, OC, WSO, JHX and ACA.
Zacks Investment Research
Here’s Why You Should Add Watsco (WSO) Stock to Your Portfolio
Tuesday Jul 04 2023 at 13:00
Watsco (WSO) benefits from solid technological investments and acquisition strategies. Also, solid sales growth of HVAC equipment adds to the company’s upside.
The Motley Fool
3 Dividend Stocks to Buy in July
Friday Jun 30 2023 at 06:30
Stanley Black & Decker is a Dividend King that has a long history of growing its dividend. Union Pacific stock remains a great value.
Zacks Investment Research
3 Air Conditioner & Heating Stocks to Buy From a Thriving Industry
Wednesday May 17 2023 at 13:33
Despite economic uncertainties and housing market challenges, the Zacks Building Products – Air Conditioner & Heating industry stocks like WSO, FIX and AAON are likely to gain from an improved non-residential market, pro-environmental moves and technological development.
Zacks Investment Research
5 Construction Stocks with Strong Upside Potential
Friday May 12 2023 at 15:11
The construction market is very attractive for investors right now because of positive dynamics in both residential and non-residential segments.
Seeking Alpha
Watsco: Up 33% Year To Date, More Likely To Come
Wednesday May 03 2023 at 12:34
WSO is a great business with an industry leadership position, capable management, and industry-wide tailwinds. The company also has an opportunity to consolidate its market share in the highly fragmented HVAC distribution industry.
Zacks Investment Research
Top 5 Momentum Stocks for May Amid Fed’s FOMC Meeting
Monday May 01 2023 at 12:10
We have narrowed our search to five momentum stocks that have popped in the past month with more upside left. These are: META, DHI, WSO, PHM and MANH.
Zacks Investment Research
Best Income Stocks to Buy for April 27th
Thursday Apr 27 2023 at 09:53
ASC, WSO and SAND made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 27, 2023.
Zacks Investment Research
New Strong Buy Stocks for April 27th
Thursday Apr 27 2023 at 09:08
SAND, ASC, SIGA, WSO and MANH have been added to the Zacks Rank #1 (Strong Buy) List on April 27, 2023.
Zacks Investment Research
Watsco (WSO) is a Great Momentum Stock: Should You Buy?
Wednesday Apr 26 2023 at 13:40
Does Watsco (WSO) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Zacks Investment Research
Best Income Stocks to Buy for April 25th
Tuesday Apr 25 2023 at 09:53
VST, WSO and SCMWY made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 25, 2023.
Zacks Investment Research
Watsco (WSO) Q1 Earnings Beat, Revenues Miss, Shares Rise
Friday Apr 21 2023 at 12:56
Watsco’s (WSO) first-quarter 2023 results reflect record sales and operating leverage despite the impact of the seasonality.
Seeking Alpha
Watsco, Inc. (WSO) Q1 2023 Earnings Call Transcript
Thursday Apr 20 2023 at 15:18
Watsco, Inc. (WSO) Q1 2023 Earnings Call Transcript.
The Motley Fool
Why Watsco Stock Rose as Much as 12% at the Open Today
Thursday Apr 20 2023 at 11:47
Watsco reported earnings, which were down slightly from first-quarter-2022 levels. Investors were upbeat just the same, given that the company beat Wall Street expectations.
InvestorPlace
Strong Quant Screens Say These 7 Growth Stocks Are a Buy
Wednesday Apr 19 2023 at 19:50
Strong quantitative screens will show investors a variety of growth stocks to buy. For example, StockRover is a screening service that scores stocks on three key metrics.
Zacks Investment Research
Watsco (WSO) to Post Q1 Earnings: Here’s What to Expect
Monday Apr 17 2023 at 15:58
Watsco’s (WSO) technology innovation, acquisitions and operating efficiencies are likely to get reflected in its Q1 performance amid macroeconomic woes.
GlobeNewsWire
Watsco to Present at the J.P. Morgan 2023 Industrials Conference on March 15, 2023
Tuesday Mar 14 2023 at 12:07
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 held at J.P. Morgan’s offices on Wednesday, March 15, 2023 at 9:40 a.m. (EDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco’s website at www.watsco.com.
Benzinga
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)
Monday Mar 13 2023 at 09:43
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 dividend payout.
Zacks Investment Research
Watsco (WSO) Gains From Technologies Amid Inflationary Woes
Tuesday Mar 07 2023 at 12:47
Watsco (WSO) benefits from regular investments in customer-focused technologies and e-Commerce. However, supply-chain disruptions and labor woes are worrisome.
Seeking Alpha
Earn Double-Digit Income With Options (March 2023)
Tuesday Feb 28 2023 at 09:30
We explain why selling cash-covered puts and covered calls are relatively safe choices for earning a high income. We will discuss how to formulate an options income strategy that’s sustainable and repeatable.
Seeking Alpha
Watsco: Good Growth Prospects Despite Challenging Macros
Wednesday Feb 22 2023 at 12:02
Watsco is expected to benefit from a mix shift toward higher-value products due to various regulatory tailwinds. Margin improvement over the last few years should be sustainable due to fundamental factors such as mix shift and higher markup realization driving it.
Seeking Alpha
Watsco: Great Performance At A Decent Price
Monday Feb 20 2023 at 00:34
Watsco has done really well for itself in terms of growing, particularly its top and bottom lines. That performance continued through its 2022 fiscal year, and the future looks bright for shareholders.
Zacks Investment Research
Watsco (WSO) Q4 Earnings Beat, Revenues Miss, Shares Rise
Friday Feb 17 2023 at 12:02
Watsco (WSO) reports impressive fourth-quarter 2022 earnings but revenues tumble on soft market demand.
Seeking Alpha
Watsco, Inc. (WSO) Q4 2022 Earnings Call Transcript
Thursday Feb 16 2023 at 16:24
Watsco, Inc. (NYSE:WSO ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Albert Nahmad – Chief Executive Officer Barry Logan – Executive Vice President, Planning & Strategy and Secretary Paul Johnston – Executive Vice President Aaron Nahmad – President Conference Call Participants Tommy Moll – Stephens Inc. David Manthey – Robert W. Baird & Co. Jeffrey Sprague – Vertical Research Partners Ryan Merkel – William Blair & Company Nigel Coe – Wolfe Research, LLC Jeffrey Hammond – KeyBanc Capital Markets Inc. Joshua Pokrzywinski – Morgan Stanley Stephen Tusa – JPMorgan Chase & Co. Christopher Dankert – Loop Capital Markets LLC Operator Good morning, and welcome to the Watsco Fourth Quarter 2022 Earnings Conference Call.
Zacks Investment Research
Watsco (WSO) Tops Q4 Earnings Estimates
Thursday Feb 16 2023 at 10:32
Watsco (WSO) delivered earnings and revenue surprises of 10.85% and 1.39%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
InvestorPlace
7 Under-the-Radar Retirement Stocks With 14% Upside Potential
Saturday Jan 14 2023 at 16:54
Although planning for one’s golden years mostly revolves around investing in names practically everyone knows, it might help to spare some loose change for under-the-radar retirement stocks. While not providing the same level of coverage as your standard blue-chip stalwart, these relatively underappreciated ideas provide a balance of growth and stability.
InvestorPlace
3 Mid-Cap Dividend Stocks to Buy in January
Friday Jan 06 2023 at 09:35
This past year could have been better for equity investors. 2022 was one of the worst performances by the S&P 500.
Zacks Investment Research
Watsco (WSO) Rewards Investors With a 11% Dividend Increase
Wednesday Jan 04 2023 at 13:32
Watsco (WSO) keeps impressing investors with regular dividend increases.
Seeking Alpha
Watsco Can See A Meaningful Outperformance In 2023
Saturday Dec 10 2022 at 00:10
SEER2 mandates coupled with the Inflation Reduction Act should benefit Watsco’s revenue growth. Investment in technology should help the company in customer acquisition and retention resulting in higher market share.
Watsco Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Watsco’s Altman Z-score is 8.34 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Watsco Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has sold $1.33M of common stock in Watsco on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Watsco’s Income Quality of 0.71 is lower than its Industry Group of 1.0 (-29.0% lower)
Watsco’s Income Quality of 0.71 is lower than its Major Industry Group of 0.97 (-26.8% lower)
Watsco’s Income Quality of 0.71 is lower than its Sector of 0.93 (-23.7% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Watsco’s Current Ratio of 3.02 is greater than its Industry Group of 1.78 (69.7% greater)
Watsco’s Current Ratio of 3.02 is greater than its Major Industry Group of 1.78 (69.7% greater)
Watsco’s Current Ratio of 3.02 is greater than its Sector of 1.72 (75.6% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Watsco’s PE Ratio of 23.87 is greater than its Industry Group of 15.28 (56.2% greater)
Watsco’s PE Ratio of 23.87 is greater than its Major Industry Group of 12.57 (89.9% greater)
Watsco’s PE Ratio of 23.87 is greater than its Sector of 12.39 (92.7% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Watsco’s PB Ratio of 5.63 is in line with its Industry Group of 5.63
Watsco’s PB Ratio of 5.63 is greater than its Major Industry Group of 1.86 (202.7% greater)
Watsco’s PB Ratio of 5.63 is greater than its Sector of 1.41 (299.3% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Watsco’s ROE of 0.24 is in line with its Industry Group of 0.24
Watsco’s ROE of 0.24 is greater than its Major Industry Group of 0.16 (50.0% greater)
Watsco’s ROE of 0.24 is greater than its Sector of 0.11 (118.2% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Watsco’s ROCE of 0.26 is greater than its Industry Group of 0.23 (13.0% greater)
Watsco’s ROCE of 0.26 is greater than its Major Industry Group of 0.14 (85.7% greater)
Watsco’s ROCE of 0.26 is greater than its Sector of 0.12 (116.7% greater)
Derived from SEC.GOV filing dataopen_in_new