Watsco (WSO) Receives News Sentiment Score of 0.05
Press coverage about Watsco (NYSE:WSO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Watsco earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 47.7246575453777 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Watsco (WSO) opened at $167.61 on Wednesday. Watsco has a 52-week low of $134.08 and a 52-week high of $167.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.13 and a quick ratio of 1.42. The stock has a market cap of $5,932.74, a PE ratio of 30.94 and a beta of 0.83.
Watsco (NYSE:WSO) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.13). Watsco had a return on equity of 15.00% and a net margin of 4.46%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.78 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. analysts expect that Watsco will post 5.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Friday, October 13th. Watsco’s dividend payout ratio (DPR) is presently 92.42%.
A number of brokerages recently issued reports on WSO. Zacks Investment Research upgraded shares of Watsco from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a report on Tuesday, August 1st. Morgan Stanley upped their price target on shares of Watsco from $141.00 to $151.00 and gave the company an “underweight” rating in a report on Monday, September 25th. Stifel Nicolaus restated a “buy” rating and set a $154.00 price target on shares of Watsco in a report on Thursday, September 7th. BidaskClub cut shares of Watsco from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Wolfe Research started coverage on shares of Watsco in a report on Tuesday, July 11th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $160.40.
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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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