Watsco Inc (NYSE: WSO) has reported earnings for its second fiscal quarter (ending June 30) of $4.49 versus $4.43 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $13.13 compared to $14.87 a year ago.
Recent Price Action
Watsco Inc (NYSE: WSO) stock closed at $481.14 on 7/30/24 after a decline of -4.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 267% of normal. The stock has declined -3.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WSO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Watsco has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Watsco has a very low Appreciation Score of 13 but a good Power Rating of 78, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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