Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Watsco (WSO) Stock Price
Media headlines about Watsco (NYSE:WSO) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watsco earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 47.7392601325058 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- 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)
Shares of Watsco (NYSE:WSO) opened at $164.19 on Wednesday. The firm has a market capitalization of $5,875.11, a P/E ratio of 30.61 and a beta of 0.83. Watsco has a 1 year low of $134.08 and a 1 year high of $167.94. 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 (NYSE:WSO) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.13). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Watsco had a return on equity of 15.00% and a net margin of 4.46%. Watsco’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. equities research analysts anticipate that Watsco will post 5.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.05%. Watsco’s dividend payout ratio is currently 92.42%.
A number of brokerages recently weighed in on WSO. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, August 1st. Morgan Stanley raised their price target on Watsco from $141.00 to $151.00 and gave the stock an “underweight” rating in a research report on Monday, September 25th. BidaskClub upgraded Watsco from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $154.00 price target on shares of Watsco in a research report on Thursday, September 7th. Finally, Robert W. Baird restated a “buy” rating and set a $163.00 price target on shares of Watsco in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Watsco currently has an average 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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