Watsco (WSO) Receiving Somewhat Positive Press Coverage, Study Finds

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Press coverage about Watsco (NYSE:WSO) has been trending somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Watsco earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.7651495516198 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised Watsco from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. Stephens set a $185.00 price objective on Watsco and gave the company a “hold” rating in a research note on Tuesday, April 24th. Stifel Nicolaus raised their price target on Watsco from $191.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Robert W. Baird raised their price target on Watsco from $176.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 25th. Finally, ValuEngine raised Watsco from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Watsco currently has a consensus rating of “Hold” and an average target price of $184.14.

Watsco stock opened at $177.60 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 3.63 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 32.41 and a beta of 0.85. Watsco has a fifty-two week low of $141.61 and a fifty-two week high of $192.94.

Watsco (NYSE:WSO) last released its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $926.58 million during the quarter, compared to the consensus estimate of $911.45 million. Watsco had a return on equity of 14.44% and a net margin of 4.92%. Watsco’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. research analysts anticipate that Watsco will post 6.8 EPS for the current year.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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

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