News stories about Watsco (NYSE:WSO) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Watsco earned a news impact score of 0.03 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 48.3752845884273 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Watsco, Inc. (WSO) Short Interest Update (americanbankingnews.com)
- WSO Breaks Above 3% Yield Territory (nasdaq.com)
- Watsco (WSO) Scales 52-Week High on Solid E-commerce Sales (finance.yahoo.com)
- Watsco to Present at the Goldman Sachs Industrials Conference 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect Watsco, Inc. (WSO) Will Announce Quarterly Sales of $965.62 Million (americanbankingnews.com)
Watsco (WSO) traded up $0.45 during trading hours on Friday, reaching $165.05. 120,400 shares of the company’s stock were exchanged, compared to its average volume of 279,263. The firm has a market cap of $5,877.04, a P/E ratio of 30.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.13 and a quick ratio of 1.42. Watsco has a twelve month low of $134.08 and a twelve month high of $167.94.
Watsco (NYSE:WSO) last released its earnings results on Wednesday, October 25th. The construction company reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Watsco had a net margin of 4.46% and a return on equity of 15.00%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. research analysts expect that Watsco will post 5.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, October 13th. Watsco’s dividend payout ratio (DPR) is 92.42%.
A number of equities research analysts have issued reports on WSO shares. Stifel Nicolaus reiterated a “buy” rating and set a $154.00 price objective on shares of Watsco in a research note on Thursday, September 7th. Robert W. Baird reissued a “buy” rating and issued a $163.00 target price on shares of Watsco in a report on Friday, September 1st. Zacks Investment Research raised shares of Watsco from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Tuesday, August 1st. BidaskClub raised shares of Watsco from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley increased their target price on shares of Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Watsco currently has a consensus rating of “Hold” and a consensus price target of $160.40.
Watsco Company Profile
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.
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