Watsco Inc (NYSE: WSO) has reported E.P.S. of $2.17 for its first fiscal quarter (ending March 31) versus $2.84 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $13.04 versus $15.38 for the same period a year ago.
Recent Price Action
On 4/24/24, Watsco Inc (NYSE: WSO) stock enjoyed a very large increase of 6.5%, closing at $440.60. Moreover, exceptionally high trading volume at 228% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 6.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WSO is expected to continue to be a major Value Builder.
Watsco has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Watsco has a poor Appreciation Score of 16 but a good Power Rating of 80, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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