Press coverage about Watsco (NYSE:WSO) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing 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 closest to one being the most favorable. Watsco earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.0099625608147 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
WSO has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating and issued a $154.00 price objective on shares of Watsco in a research report on Thursday, September 7th. KeyCorp reissued a “buy” rating on shares of Watsco in a research report on Friday, November 17th. Zacks Investment Research cut Watsco from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Robert W. Baird reissued a “buy” rating and issued a $163.00 price objective on shares of Watsco in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $160.40.
Watsco (NYSE WSO) traded up $1.01 during trading on Friday, hitting $169.48. The stock had a trading volume of 172,699 shares, compared to its average volume of 211,807. 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 firm has a market cap of $6,057.38, a PE ratio of 31.56 and a beta of 0.83. Watsco has a 52-week low of $134.08 and a 52-week high of $171.15.
Watsco (NYSE:WSO) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.78 EPS. The business’s revenue was down .9% compared to the same quarter last year. equities research analysts forecast that Watsco will post 5.59 EPS for the current year.
In other Watsco news, SVP Barry S. Logan sold 3,246 shares of Watsco stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total transaction of $533,317.80. Following the completion of the sale, the senior vice president now owns 15,800 shares of the company’s stock, valued at approximately $2,595,940. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.93% of the company’s stock.
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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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