Intrinsic value of Watsco - WSO

Previous Close

$142.85

  Intrinsic Value

$111.26

stock screener

  Rating & Target

sell

-22%

Previous close

$142.85

 
Intrinsic value

$111.26

 
Up/down potential

-22%

 
Rating

sell

We calculate the intrinsic value of WSO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
  4.87
  4.89
  4.90
  4.91
  4.92
  4.92
  4.93
  4.94
  4.95
  4.95
  4.96
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
Revenue, $m
  4,537
  4,744
  4,962
  5,192
  5,434
  5,690
  5,959
  6,243
  6,542
  6,856
  7,187
  7,535
  7,901
  8,286
  8,691
  9,117
  9,564
  10,034
  10,529
  11,048
  11,594
  12,167
  12,769
  13,402
  14,067
  14,765
  15,499
  16,269
  17,078
  17,928
Variable operating expenses, $m
  4,163
  4,350
  4,547
  4,755
  4,975
  5,207
  5,450
  5,707
  5,978
  6,263
  6,508
  6,823
  7,154
  7,503
  7,870
  8,255
  8,660
  9,086
  9,533
  10,004
  10,498
  11,017
  11,562
  12,135
  12,737
  13,369
  14,034
  14,731
  15,464
  16,233
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  4,163
  4,350
  4,547
  4,755
  4,975
  5,207
  5,450
  5,707
  5,978
  6,263
  6,508
  6,823
  7,154
  7,503
  7,870
  8,255
  8,660
  9,086
  9,533
  10,004
  10,498
  11,017
  11,562
  12,135
  12,737
  13,369
  14,034
  14,731
  15,464
  16,233
Operating income, $m
  375
  394
  415
  436
  459
  483
  509
  536
  564
  594
  679
  712
  747
  783
  822
  862
  904
  948
  995
  1,044
  1,096
  1,150
  1,207
  1,267
  1,330
  1,396
  1,465
  1,538
  1,614
  1,695
EBITDA, $m
  442
  462
  483
  506
  529
  554
  581
  608
  637
  668
  700
  734
  770
  807
  847
  888
  932
  978
  1,026
  1,076
  1,129
  1,185
  1,244
  1,306
  1,370
  1,438
  1,510
  1,585
  1,664
  1,746
Interest expense (income), $m
  3
  1
  3
  5
  7
  9
  11
  14
  16
  19
  22
  25
  28
  31
  34
  38
  42
  46
  50
  54
  59
  64
  69
  74
  80
  86
  92
  98
  105
  112
  120
Earnings before tax, $m
  373
  391
  410
  429
  450
  472
  495
  519
  545
  572
  655
  685
  716
  749
  784
  820
  858
  899
  941
  985
  1,032
  1,081
  1,133
  1,187
  1,244
  1,304
  1,367
  1,433
  1,502
  1,575
Tax expense, $m
  101
  106
  111
  116
  122
  127
  134
  140
  147
  154
  177
  185
  193
  202
  212
  221
  232
  243
  254
  266
  279
  292
  306
  321
  336
  352
  369
  387
  406
  425
Net income, $m
  273
  285
  299
  313
  329
  345
  361
  379
  398
  418
  478
  500
  523
  547
  572
  599
  627
  656
  687
  719
  753
  789
  827
  867
  908
  952
  998
  1,046
  1,096
  1,150

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,139
  2,237
  2,339
  2,448
  2,562
  2,683
  2,810
  2,943
  3,084
  3,233
  3,389
  3,553
  3,725
  3,907
  4,098
  4,298
  4,509
  4,731
  4,964
  5,209
  5,466
  5,736
  6,020
  6,319
  6,632
  6,961
  7,307
  7,670
  8,052
  8,453
Adjusted assets (=assets-cash), $m
  2,139
  2,237
  2,339
  2,448
  2,562
  2,683
  2,810
  2,943
  3,084
  3,233
  3,389
  3,553
  3,725
  3,907
  4,098
  4,298
  4,509
  4,731
  4,964
  5,209
  5,466
  5,736
  6,020
  6,319
  6,632
  6,961
  7,307
  7,670
  8,052
  8,453
Revenue / Adjusted assets
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
Average production assets, $m
  377
  394
  412
  431
  451
  472
  495
  518
  543
  569
  597
  625
  656
  688
  721
  757
  794
  833
  874
  917
  962
  1,010
  1,060
  1,112
  1,168
  1,226
  1,286
  1,350
  1,417
  1,488
Working capital, $m
  880
  920
  963
  1,007
  1,054
  1,104
  1,156
  1,211
  1,269
  1,330
  1,394
  1,462
  1,533
  1,608
  1,686
  1,769
  1,855
  1,947
  2,043
  2,143
  2,249
  2,360
  2,477
  2,600
  2,729
  2,864
  3,007
  3,156
  3,313
  3,478
Total debt, $m
  56
  92
  129
  169
  211
  255
  301
  350
  402
  456
  513
  573
  637
  703
  773
  846
  924
  1,005
  1,090
  1,180
  1,274
  1,373
  1,477
  1,586
  1,700
  1,821
  1,948
  2,081
  2,220
  2,367
Total liabilities, $m
  783
  819
  856
  896
  938
  982
  1,028
  1,077
  1,129
  1,183
  1,240
  1,300
  1,363
  1,430
  1,500
  1,573
  1,650
  1,732
  1,817
  1,906
  2,001
  2,100
  2,203
  2,313
  2,427
  2,548
  2,674
  2,807
  2,947
  3,094
Total equity, $m
  1,356
  1,418
  1,483
  1,552
  1,624
  1,701
  1,781
  1,866
  1,955
  2,049
  2,148
  2,252
  2,362
  2,477
  2,598
  2,725
  2,859
  2,999
  3,147
  3,302
  3,465
  3,637
  3,817
  4,006
  4,205
  4,414
  4,633
  4,863
  5,105
  5,359
Total liabilities and equity, $m
  2,139
  2,237
  2,339
  2,448
  2,562
  2,683
  2,809
  2,943
  3,084
  3,232
  3,388
  3,552
  3,725
  3,907
  4,098
  4,298
  4,509
  4,731
  4,964
  5,208
  5,466
  5,737
  6,020
  6,319
  6,632
  6,962
  7,307
  7,670
  8,052
  8,453
Debt-to-equity ratio
  0.040
  0.060
  0.090
  0.110
  0.130
  0.150
  0.170
  0.190
  0.210
  0.220
  0.240
  0.250
  0.270
  0.280
  0.300
  0.310
  0.320
  0.330
  0.350
  0.360
  0.370
  0.380
  0.390
  0.400
  0.400
  0.410
  0.420
  0.430
  0.430
  0.440
Adjusted equity ratio
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  273
  285
  299
  313
  329
  345
  361
  379
  398
  418
  478
  500
  523
  547
  572
  599
  627
  656
  687
  719
  753
  789
  827
  867
  908
  952
  998
  1,046
  1,096
  1,150
Depreciation, amort., depletion, $m
  68
  68
  69
  69
  70
  71
  72
  72
  73
  74
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  34
  35
  37
  39
  41
  43
  45
  47
  49
  52
Funds from operations, $m
  340
  354
  368
  383
  399
  415
  433
  452
  471
  492
  499
  522
  545
  571
  597
  625
  654
  685
  717
  751
  787
  825
  864
  905
  949
  994
  1,042
  1,093
  1,146
  1,201
Change in working capital, $m
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  64
  68
  71
  75
  79
  83
  87
  91
  96
  101
  106
  111
  117
  123
  129
  135
  142
  149
  157
  165
Cash from operations, $m
  302
  313
  326
  338
  352
  366
  381
  397
  413
  431
  435
  454
  474
  496
  519
  542
  567
  594
  621
  651
  681
  713
  747
  783
  820
  859
  900
  943
  989
  1,037
Maintenance CAPEX, $m
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -34
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -49
New CAPEX, $m
  -15
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -27
  -29
  -30
  -32
  -34
  -35
  -37
  -39
  -41
  -43
  -45
  -48
  -50
  -53
  -55
  -58
  -61
  -64
  -67
  -71
Cash from investing activities, $m
  -28
  -30
  -32
  -33
  -35
  -37
  -38
  -41
  -43
  -45
  -47
  -50
  -52
  -55
  -58
  -60
  -63
  -67
  -70
  -73
  -77
  -82
  -85
  -90
  -94
  -99
  -104
  -109
  -114
  -120
Free cash flow, $m
  274
  283
  294
  305
  317
  329
  342
  356
  370
  386
  387
  404
  422
  441
  461
  482
  504
  527
  551
  577
  604
  632
  662
  693
  726
  760
  797
  835
  875
  917
Issuance/(repayment) of debt, $m
  34
  36
  38
  40
  42
  44
  46
  49
  52
  54
  57
  60
  63
  66
  70
  73
  77
  81
  85
  90
  94
  99
  104
  109
  115
  120
  127
  133
  140
  147
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  34
  36
  38
  40
  42
  44
  46
  49
  52
  54
  57
  60
  63
  66
  70
  73
  77
  81
  85
  90
  94
  99
  104
  109
  115
  120
  127
  133
  140
  147
Total cash flow (excl. dividends), $m
  308
  319
  331
  344
  358
  373
  388
  405
  422
  440
  444
  464
  485
  508
  531
  555
  581
  608
  637
  667
  698
  731
  766
  802
  841
  881
  923
  968
  1,014
  1,063
Retained Cash Flow (-), $m
  -58
  -62
  -65
  -69
  -73
  -76
  -81
  -85
  -89
  -94
  -99
  -104
  -109
  -115
  -121
  -127
  -134
  -141
  -148
  -155
  -163
  -171
  -180
  -189
  -199
  -209
  -219
  -230
  -242
  -254
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  250
  257
  266
  276
  286
  297
  308
  320
  333
  346
  345
  360
  376
  392
  410
  428
  447
  468
  489
  511
  535
  560
  586
  613
  642
  672
  704
  737
  772
  809
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  240
  235
  232
  227
  222
  215
  208
  200
  191
  181
  164
  154
  143
  132
  120
  109
  97
  86
  75
  65
  55
  46
  38
  31
  25
  20
  15
  11
  8
  6
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies. It also sells products to the refrigeration market.

FINANCIAL RATIOS  of  Watsco (WSO)

Valuation Ratios
P/E Ratio 32.7
Price to Sales 1.4
Price to Book 5.9
Price to Tangible Book
Price to Cash Flow 21.5
Price to Free Cash Flow 25.6
Growth Rates
Sales Growth Rate 2.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 83.3%
Cap. Spend. - 3 Yr. Gr. Rate 24%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 23.5%
Total Debt to Equity 23.5%
Interest Coverage 115
Management Effectiveness
Return On Assets 10.1%
Ret/ On Assets - 3 Yr. Avg. 9.6%
Return On Total Capital 15%
Ret/ On T. Cap. - 3 Yr. Avg. 14.3%
Return On Equity 18.6%
Return On Equity - 3 Yr. Avg. 18.3%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 24.5%
Gross Margin - 3 Yr. Avg. 24.4%
EBITDA Margin 8.6%
EBITDA Margin - 3 Yr. Avg. 8.5%
Operating Margin 8.2%
Oper. Margin - 3 Yr. Avg. 8%
Pre-Tax Margin 8.1%
Pre-Tax Margin - 3 Yr. Avg. 7.9%
Net Profit Margin 4.3%
Net Profit Margin - 3 Yr. Avg. 4.1%
Effective Tax Rate 31%
Eff/ Tax Rate - 3 Yr. Avg. 31%
Payout Ratio 69.9%

WSO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WSO stock intrinsic value calculation we used $4341.955 million for the last fiscal year's total revenue generated by Watsco. The default revenue input number comes from 0001 income statement of Watsco. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WSO stock valuation model: a) initial revenue growth rate of 4.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for WSO is calculated based on our internal credit rating of Watsco, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Watsco.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WSO stock the variable cost ratio is equal to 91.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for WSO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Watsco.

Corporate tax rate of 27% is the nominal tax rate for Watsco. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WSO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WSO are equal to 8.3%.

Life of production assets of 28.7 years is the average useful life of capital assets used in Watsco operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WSO is equal to 19.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1297.953 million for Watsco - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 32.053 million for Watsco is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Watsco at the current share price and the inputted number of shares is $4.6 billion.

RELATED COMPANIES Price Int.Val. Rating
HDSN Hudson Technol 0.720 5.32  str.buy
HDS HD Supply Hold 38.29 57.04  buy
UTX United Technol 128.30 179.58  buy
GWW W.W. Grainger 291.68 249.51  sell
OC Owens Corning 47.46 77.18  buy
MLI Mueller Indust 25.04 21.63  sell

COMPANY NEWS

▶ Watsco Cools Off Despite Dividend Boost   [Oct-25-18 11:07AM  Motley Fool]
▶ Watsco: 3Q Earnings Snapshot   [10:56AM  Associated Press]
▶ Watsco: 3Q Earnings Snapshot   [09:49AM  Associated Press]
▶ Can Watsco Inc (NYSE:WSO) Maintain Its Strong Returns?   [Oct-20-18 10:21AM  Simply Wall St.]
▶ Watsco Declares $1.45 Quarterly Dividend   [Oct-01-18 07:30AM  GlobeNewswire]
▶ Is Watsco (WSO) a High-Growth Dividend Stock?   [Sep-25-18 09:15AM  Zacks]
▶ Watsco (WSO) Q2 2018 Earnings Conference Call Transcript   [Jul-26-18 11:52AM  Motley Fool]
▶ Watsco Inc Delivered Record-Setting Results in Q2   [Jul-25-18 12:15PM  Motley Fool]
▶ Watsco: 2Q Earnings Snapshot   [08:56AM  Associated Press]
▶ Watsco, Inc. to Host Earnings Call   [08:00AM  ACCESSWIRE]
▶ Watsco: 2Q Earnings Snapshot   [07:43AM  Associated Press]
▶ Watsco Declares $1.45 Quarterly Dividend   [Jul-02-18 07:30AM  GlobeNewswire]
▶ Does Watsco Incs (NYSE:WSO) PE Ratio Warrant A Sell?   [Jun-06-18 07:46PM  Simply Wall St.]
▶ Industrial Dividend Stocks Of The Month: Kennametal And More   [May-12-18 12:02PM  Simply Wall St.]
▶ Growth Picks Up as Watsco Enters the Hot Season   [Apr-24-18 10:32AM  Motley Fool]
▶ Watsco: 1Q Earnings Snapshot   [08:06AM  Associated Press]
▶ 3 Hot Mid-Caps to Buy Now According to Quant Billionaires   [Mar-26-18 09:32AM  Insider Monkey]
▶ Top Ranked Income Stocks to Buy for March 15th   [Mar-15-18 08:57AM  Zacks]
▶ Top Ranked Income Stocks to Buy for March 13th   [Mar-13-18 10:17AM  Zacks]
▶ Top Ranked Income Stocks to Buy for March 8th   [Mar-08-18 07:14AM  Zacks]
▶ Best Rated NYSE Industrial Dividend Stocks   [Mar-03-18 11:02AM  Simply Wall St.]
▶ A Look At The Fair Value Of Watsco Inc (NYSE:WSO)   [Feb-19-18 02:51PM  Simply Wall St.]
▶ Watsco Rewards Investors With Higher Dividends   [Feb-08-18 10:23AM  Motley Fool]
▶ Watsco posts 4Q profit   [08:30AM  Associated Press]
▶ Watsco misses Street 4Q forecasts   [08:13AM  Associated Press]
▶ Watsco, Inc. to Host Earnings Call   [07:45AM  ACCESSWIRE]
▶ Watsco Trying To Close In On Key Technical Measure   [03:00AM  Investor's Business Daily]
▶ Watsco Declares $1.25 Quarterly Dividend   [Jan-02-18 07:30AM  GlobeNewswire]
▶ When Should You Buy Watsco Inc (NYSE:WSO)?   [Dec-21-17 12:35PM  Simply Wall St.]
▶ Stocks With Rising Relative Strength: Watsco   [Dec-05-17 03:00AM  Investor's Business Daily]
▶ All You Need To Know About Watsco Incs (WSO) Financial Health   [Dec-01-17 03:20PM  Simply Wall St.]
▶ What is Behind Watsco Incs (WSO) Superior ROE?   [Nov-15-17 03:57PM  Simply Wall St.]
▶ Watsco posts 3Q profit   [08:53AM  Associated Press]
▶ Watsco misses Street 3Q forecasts   [07:43AM  Associated Press]
▶ Stocks Generating Improved Relative Strength: Watsco   [03:00AM  Investor's Business Daily]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.