News coverage about Watsco (NYSE:WSO) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Watsco earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 45.8197044767497 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Watsco (NYSE WSO) traded down $1.37 during trading hours on Wednesday, hitting $171.69. The stock had a trading volume of 180,760 shares, compared to its average volume of 175,971. The company has a market cap of $6,140.00, a price-to-earnings ratio of 31.50 and a beta of 0.83. Watsco has a 1-year low of $134.08 and a 1-year high of $174.84. 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 posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.13). Watsco had a net margin of 4.46% and a return on equity of 15.00%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $1.78 earnings per share. Watsco’s revenue for the quarter was down .9% on a year-over-year basis. analysts expect that Watsco will post 5.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.91%. Watsco’s payout ratio is 91.74%.
A number of research firms have recently weighed in on WSO. Morgan Stanley upped their price objective on Watsco from $141.00 to $151.00 and gave the stock an “underweight” rating in a research note on Monday, September 25th. KeyCorp reaffirmed a “buy” rating on shares of Watsco in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Watsco has a consensus rating of “Hold” and a consensus price target of $160.40.
In other news, SVP Barry S. Logan sold 3,246 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total value of $533,317.80. Following the sale, the senior vice president now directly owns 15,800 shares in the company, valued at $2,595,940. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 13.93% of the company’s stock.
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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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