Press coverage about Watsco (NYSE:WSO) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Watsco earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.298688262022 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several analysts have weighed in on the company. Zacks Investment Research raised 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 boosted their price objective on Watsco from $141.00 to $151.00 and gave the stock an “underweight” rating in a report on Monday, September 25th. KeyCorp reissued a “buy” rating on shares of Watsco in a report on Friday. BidaskClub raised Watsco from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $154.00 price target on shares of Watsco in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $160.40.
Shares of Watsco (NYSE:WSO) traded down $0.17 during mid-day trading on Monday, hitting $164.70. The stock had a trading volume of 146,776 shares, compared to its average volume of 276,418. The company has a current ratio of 3.13, a quick ratio of 1.42 and a debt-to-equity ratio of 0.21. The company has a market cap of $5,892.62, a PE ratio of 30.70 and a beta of 0.83. Watsco has a one year low of $134.08 and a one year high of $167.94.
Watsco (NYSE:WSO) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.13). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Watsco had a net margin of 4.46% and a return on equity of 15.00%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. analysts anticipate that Watsco will post 5.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were paid 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 3.04%. Watsco’s dividend payout ratio (DPR) is presently 92.42%.
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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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