Watsco (WSO) Given Daily Coverage Optimism Rating of 0.15

Media stories about Watsco (NYSE:WSO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Watsco earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.4928065877583 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

WSO stock traded down $1.13 on Friday, reaching $180.25. 1,348,206 shares of the company’s stock traded hands, compared to its average volume of 240,948. The company has a current ratio of 3.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $6,724.41, a P/E ratio of 31.13 and a beta of 0.93. Watsco has a fifty-two week low of $134.08 and a fifty-two week high of $183.84.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.10). The company had revenue of $964.35 million for the quarter, compared to analysts’ expectations of $965.85 million. Watsco had a net margin of 4.80% and a return on equity of 14.66%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. sell-side analysts expect that Watsco will post 6.81 earnings per share for the current fiscal year.

Several research firms recently commented on WSO. Zacks Investment Research upgraded shares of Watsco from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a research report on Monday, January 22nd. Susquehanna Bancshares set a $195.00 price target on shares of Watsco and gave the company a “buy” rating in a research report on Friday, February 9th. Stephens set a $169.00 price target on shares of Watsco and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Watsco from $180.00 to $169.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Watsco presently has a consensus rating of “Hold” and a consensus price target of $168.88.

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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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