Watsco (WSO) Expected to Announce Quarterly Earnings on Tuesday

Watsco (NYSE:WSO) will likely be announcing its Q1 2026 results before the market opens on Tuesday, April 28th. Analysts expect the company to announce earnings of $1.70 per share and revenue of $1.4830 billion for the quarter. Interested persons may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Tuesday, April 28, 2026 at 10:00 AM ET.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.26). Watsco had a return on equity of 15.49% and a net margin of 6.87%.The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company earned $2.37 earnings per share. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. On average, analysts expect Watsco to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Watsco Stock Performance

WSO stock opened at $440.78 on Friday. The company has a market capitalization of $17.90 billion, a PE ratio of 36.40 and a beta of 1.06. The company’s fifty day moving average price is $396.42 and its 200-day moving average price is $375.24. Watsco has a one year low of $323.05 and a one year high of $496.25.

Watsco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Thursday, April 16th. This is a positive change from Watsco’s previous quarterly dividend of $3.00. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. Watsco’s payout ratio is currently 109.00%.

Institutional Trading of Watsco

A number of institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Watsco by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,559,965 shares of the construction company’s stock worth $525,634,000 after purchasing an additional 46,799 shares in the last quarter. State Street Corp boosted its stake in Watsco by 1.4% in the 3rd quarter. State Street Corp now owns 1,238,121 shares of the construction company’s stock worth $500,572,000 after purchasing an additional 16,595 shares in the last quarter. Corient Private Wealth LLC raised its position in Watsco by 202.6% during the 4th quarter. Corient Private Wealth LLC now owns 472,182 shares of the construction company’s stock worth $159,102,000 after buying an additional 316,129 shares during the last quarter. Captrust Financial Advisors raised its position in Watsco by 0.3% during the 2nd quarter. Captrust Financial Advisors now owns 389,104 shares of the construction company’s stock worth $171,836,000 after buying an additional 1,234 shares during the last quarter. Finally, Northern Trust Corp raised its position in Watsco by 1.2% during the 3rd quarter. Northern Trust Corp now owns 328,796 shares of the construction company’s stock worth $132,932,000 after buying an additional 3,922 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on WSO. Morgan Stanley decreased their price target on shares of Watsco from $460.00 to $370.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Watsco from $370.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Mizuho set a $425.00 target price on shares of Watsco in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Watsco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, UBS Group assumed coverage on shares of Watsco in a research note on Monday, January 5th. They issued a “neutral” rating and a $370.00 target price for the company. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $382.80.

Watsco Company Profile

Watsco, Inc is the largest distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States. Headquartered in Miami, Florida, the company operates a network of more than 600 branches across the continental U.S., Canada and Puerto Rico. Watsco serves residential and commercial contractors by providing essential components for climate control systems, including air conditioners, furnaces, heat pumps, coils, refrigerants, controls and electrical and piping supplies.

Founded in 1947, Watsco has grown from a single regional distributor into an industry leader through a combination of organic expansion, acquisitions and strategic partnerships with original equipment manufacturers such as Carrier, Trane, Goodman and Lennox.