Watsco (WSO) to Release Earnings on Wednesday

Watsco (NYSE:WSO) is anticipated to issue its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect Watsco to announce earnings of $4.40 per share and revenue of $2.1435 billion for the quarter. Investors may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 10:00 AM ET.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. Watsco had a net margin of 6.85% and a return on equity of 15.31%. Watsco’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 earnings per share. 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

Shares of NYSE:WSO opened at $374.02 on Wednesday. Watsco has a 52 week low of $323.05 and a 52 week high of $494.94. The firm has a market cap of $15.21 billion, a PE ratio of 31.04 and a beta of 1.02. The firm’s fifty day moving average is $387.43 and its 200-day moving average is $393.17.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 16th will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, July 16th. Watsco’s dividend payout ratio (DPR) is currently 109.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WSO. Morgan Stanley boosted their price objective on Watsco from $370.00 to $405.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. DA Davidson assumed coverage on shares of Watsco in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $385.00 price objective for the company. Stephens boosted their target price on shares of Watsco from $475.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Watsco from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Watsco in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $402.71.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Watsco by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,559,965 shares of the construction company’s stock valued at $525,634,000 after buying an additional 46,799 shares during the last quarter. State Street Corp raised its holdings in shares of 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 acquiring an additional 16,595 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Watsco by 202.6% in the 4th quarter. Corient Private Wealth LLC now owns 472,182 shares of the construction company’s stock worth $159,102,000 after acquiring an additional 316,129 shares during the last quarter. Captrust Financial Advisors lifted its position in Watsco by 0.3% in the 2nd quarter. Captrust Financial Advisors now owns 389,104 shares of the construction company’s stock valued at $171,836,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Watsco by 1.2% in the 3rd quarter. Northern Trust Corp now owns 328,796 shares of the construction company’s stock valued at $132,932,000 after acquiring an additional 3,922 shares in the last quarter. 89.71% of the stock is owned by institutional investors.

About Watsco

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.