Somewhat Positive Media Coverage Somewhat Unlikely to Affect Watsco (WSO) Stock Price
News articles about Watsco (NYSE:WSO) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring 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 closest to one being the most favorable. Watsco earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.8115699690176 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Watsco, Inc. breached its 50 day moving average in a Bullish Manner : WSO-US : September 11, 2017 (finance.yahoo.com)
- Watsco to Present at the Morgan Stanley 5th Annual Laguna Conference (finance.yahoo.com)
- $1.28 Billion in Sales Expected for Watsco, Inc. (WSO) This Quarter (americanbankingnews.com)
- Zacks: Analysts Anticipate Watsco, Inc. (WSO) to Announce $1.99 Earnings Per Share (americanbankingnews.com)
A number of analysts have issued reports on WSO shares. Robert W. Baird reissued a “buy” rating and issued a $163.00 price target on shares of Watsco in a research note on Friday, September 1st. BidaskClub lowered Watsco from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research lowered Watsco from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $176.00 price target (up from $163.00) on shares of Watsco in a research note on Friday, June 23rd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $141.00 price target (up from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $159.50.
Watsco (NYSE WSO) opened at 152.39 on Friday. Watsco has a 1-year low of $128.60 and a 1-year high of $159.55. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 28.18 and a beta of 0.82. The stock has a 50 day moving average price of $148.46 and a 200 day moving average price of $146.14.
Watsco (NYSE:WSO) last issued its earnings results on Tuesday, July 25th. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that Watsco will post $5.78 EPS for the current year.
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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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