Watsco (WSO) Receives Daily Media Sentiment Score of 0.18
News articles about Watsco (NYSE:WSO) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Watsco earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.2543319909847 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- BMO Capital Markets Reaffirms Underperform Rating for NVIDIA Corporation (NASDAQ:NVDA) (wisdomsave.com)
- Nvidia Stock Drops After Hours in Spite of Strong Earnings (techkenyot.com)
- Somewhat Positive Press Coverage Somewhat Unlikely to Impact Watsco (WSO) Share Price (campdesrecrues.com)
- Shares in Watsco, Inc. (WSO) Acquired by First Citizens Bank & Trust Co (footballhebdo.com)
- Watsco, Inc. breached its 50 day moving average in a Bearish Manner : WSO-US : August 10, 2017 (finance.yahoo.com)
Several analysts have recently issued reports on WSO shares. Seaport Global Securities raised shares of Watsco from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $160.00 in a research report on Wednesday, April 26th. Zacks Investment Research lowered shares of Watsco from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Stifel Nicolaus upped their target price on shares of Watsco from $152.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. BidaskClub lowered shares of Watsco from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $141.00 target price (up previously from $139.00) on shares of Watsco in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $163.20.
Shares of Watsco (NYSE:WSO) opened at 147.33 on Friday. The stock has a market cap of $4.82 billion, a PE ratio of 27.24 and a beta of 0.83. Watsco has a 52 week low of $128.60 and a 52 week high of $159.55. The stock has a 50 day moving average of $151.74 and a 200-day moving average of $147.07.
Watsco (NYSE:WSO) last posted its quarterly earnings data on Tuesday, July 25th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.05. Watsco had a net margin of 4.29% and a return on equity of 14.52%. 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 prior year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that Watsco will post $5.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, July 13th. This represents a $5.00 annualized dividend and a dividend yield of 3.39%. This is an increase from Watsco’s previous quarterly dividend of $1.05. Watsco’s dividend payout ratio is 93.11%.
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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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