Watsco (WSO) Receiving Somewhat Favorable Media Coverage, Report Finds

News headlines about Watsco (NYSE:WSO) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by reviewing 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 closest to one being the most favorable. Watsco earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 47.6332827689523 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Watsco (WSO) traded down $0.13 on Thursday, hitting $167.19. The company had a trading volume of 155,988 shares, compared to its average volume of 209,964. The firm has a market cap of $5,990.00, a PE ratio of 19.72 and a beta of 0.87. The company has a current ratio of 3.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.01. Watsco has a 1-year low of $134.08 and a 1-year high of $182.79.

Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The firm had revenue of $964.35 million during the quarter, compared to analyst estimates of $965.85 million. Watsco had a return on equity of 14.66% and a net margin of 4.80%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. equities analysts expect that Watsco will post 6.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Friday, January 12th. Watsco’s dividend payout ratio is currently 58.96%.

A number of equities analysts have recently issued reports on the company. Susquehanna Bancshares set a $195.00 target price on Watsco and gave the stock a “buy” rating in a research note on Friday, February 9th. Stephens set a $169.00 target price on Watsco and gave the stock a “hold” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. cut their target price on Watsco from $180.00 to $169.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $197.00 target price for the company in a research note on Monday, January 22nd. Finally, KeyCorp reissued a “buy” rating on shares of Watsco in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $168.88.

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About Watsco

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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