Media headlines about WESCO International (NYSE:WCC) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WESCO International earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.4428998258686 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of WESCO International (NYSE WCC) opened at 58.00 on Wednesday. WESCO International has a 52-week low of $48.95 and a 52-week high of $76.15. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 27.50 and a beta of 1.80. The firm’s 50 day moving average is $54.37 and its 200 day moving average is $58.35.
WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.04. WESCO International had a return on equity of 9.11% and a net margin of 1.41%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Equities analysts expect that WESCO International will post $3.74 earnings per share for the current year.
A number of research firms recently weighed in on WCC. BidaskClub lowered shares of WESCO International from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of WESCO International from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Standpoint Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Thursday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $70.00 price objective (up from $68.00) on shares of WESCO International in a research note on Monday, October 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $70.00 price objective (down from $84.00) on shares of WESCO International in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $67.07.
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In other WESCO International news, CFO David S. Schulz bought 4,000 shares of WESCO International stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $51.57 per share, for a total transaction of $206,280.00. Following the completion of the transaction, the chief financial officer now owns 9,000 shares of the company’s stock, valued at approximately $464,130. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.
About WESCO International
WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.