Watsco (WSO) Earning Somewhat Favorable Media Coverage, Study Finds

Press coverage about Watsco (NYSE:WSO) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Watsco earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 48.251383162933 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Watsco (WSO) traded up $1.67 during trading hours on Wednesday, hitting $166.60. 217,938 shares of the stock traded hands, compared to its average volume of 209,921. Watsco has a 12 month low of $134.08 and a 12 month high of $182.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.38 and a current ratio of 3.21. The firm has a market cap of $5,870.46, a PE ratio of 28.77 and a beta of 0.87.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.10). Watsco had a return on equity of 14.66% and a net margin of 4.80%. The business had revenue of $964.35 million for the quarter, compared to analyst estimates of $965.85 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. sell-side analysts anticipate that Watsco will post 6.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, January 12th. Watsco’s dividend payout ratio is 86.36%.

Several equities research analysts have weighed in on WSO shares. Morgan Stanley raised their price objective on shares of Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, October 26th. KeyCorp reiterated a “buy” rating on shares of Watsco in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Watsco from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a research report on Monday, January 22nd. Stephens set a $169.00 price target on shares of Watsco and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, Susquehanna Bancshares set a $195.00 price target on shares of Watsco and gave the stock a “buy” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Watsco currently has an average rating of “Hold” and an average price target of $168.88.

In related news, SVP Barry S. Logan sold 3,246 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were 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 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 the SEC website. 13.93% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Watsco (NYSE:WSO)

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