Watsco (WSO) Getting Somewhat Positive Press Coverage, Report Shows

Media coverage about Watsco (NYSE:WSO) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watsco earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.8041933968532 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Watsco (NYSE:WSO) traded up $1.05 during mid-day trading on Tuesday, reaching $169.34. The company had a trading volume of 98,222 shares, compared to its average volume of 270,686. Watsco has a one year low of $134.08 and a one year high of $171.15. 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 company has a market cap of $6,014.85, a price-to-earnings ratio of 31.30 and a beta of 0.83.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $1.78 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. equities research analysts predict that Watsco will post 5.59 earnings per share for the current year.

WSO has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $163.00 price objective on shares of Watsco in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $154.00 price objective on shares of Watsco in a research report on Thursday, September 7th. Zacks Investment Research lowered Watsco from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating on shares of Watsco in a research report on Friday, November 17th. Finally, Morgan Stanley raised their price objective on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Watsco currently has a consensus rating of “Hold” and a consensus price target of $160.40.

In related news, SVP Barry S. Logan sold 3,246 shares of the firm’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 owns 15,800 shares of the company’s stock, valued at approximately $2,595,940. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.93% of the stock is owned by company 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.

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