Watsco (WSO) Projected to Post Earnings on Wednesday

Watsco (NYSE:WSO) is expected to be announcing its Q1 2025 earnings results before the market opens on Wednesday, April 23rd. Analysts expect Watsco to post earnings of $2.28 per share and revenue of $1.66 billion for the quarter.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.24. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.67 billion. Watsco had a net margin of 7.04% and a return on equity of 17.59%. On average, analysts expect Watsco to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Watsco Stock Performance

NYSE:WSO opened at $495.68 on Tuesday. The stock has a 50-day simple moving average of $501.21 and a two-hundred day simple moving average of $499.57. Watsco has a 52-week low of $396.82 and a 52-week high of $571.42. The firm has a market capitalization of $20.03 billion, a PE ratio of 37.41 and a beta of 1.00.

Watsco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $3.00 per share. This is a boost from Watsco’s previous quarterly dividend of $2.70. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $12.00 dividend on an annualized basis and a yield of 2.42%. Watsco’s dividend payout ratio (DPR) is presently 90.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WSO shares. Morgan Stanley started coverage on Watsco in a research note on Monday, April 14th. They issued an “equal weight” rating and a $515.00 price target for the company. Raymond James started coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating for the company. Loop Capital lifted their price objective on shares of Watsco from $450.00 to $460.00 and gave the company a “hold” rating in a research report on Thursday, February 27th. Finally, Robert W. Baird upped their target price on shares of Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Watsco has a consensus rating of “Hold” and a consensus target price of $492.00.

Watsco Company Profile

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.