News coverage about Watsco (NYSE:WSO) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Watsco earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.8197044767497 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
Watsco (NYSE:WSO) traded up $0.02 on Thursday, reaching $173.68. The company had a trading volume of 107,906 shares, compared to its average volume of 172,009. Watsco has a 12-month low of $134.08 and a 12-month high of $176.57. 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 firm has a market cap of $6,195.70, a price-to-earnings ratio of 32.10 and a beta of 0.83.
Watsco (NYSE:WSO) last posted its earnings results on Wednesday, October 25th. The construction company reported $1.82 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. research analysts expect that Watsco will post 5.59 EPS 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 dividend of $1.25 per share. The ex-dividend date is Friday, January 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.88%. Watsco’s dividend payout ratio (DPR) is presently 92.42%.
Several equities research analysts recently commented on the company. Morgan Stanley boosted their price target on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, October 26th. KeyCorp reissued 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 report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $160.40.
In other news, SVP Barry S. Logan sold 3,246 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 15,800 shares in the company, valued at $2,595,940. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.93% of the stock is owned by insiders.
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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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