News stories about WESCO International (NYSE:WCC) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WESCO International earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.6681907045261 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- WESCO International, Inc. Announces Upcoming Conference Calls (finance.yahoo.com)
- WESCO International, Inc. (WCC) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- WESCO International, Inc. (WCC) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Analysts Anticipate WESCO International, Inc. (WCC) to Announce $0.98 EPS (americanbankingnews.com)
- $1.92 Billion in Sales Expected for WESCO International, Inc. (WCC) This Quarter (americanbankingnews.com)
WCC has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of WESCO International from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Standpoint Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. UBS AG reissued a “neutral” rating and set a $55.00 target price (down previously from $67.00) on shares of WESCO International in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.38.
Shares of WESCO International (NYSE WCC) traded up $1.90 during trading hours on Thursday, reaching $62.25. 283,846 shares of the company’s stock traded hands, compared to its average volume of 515,715. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42. WESCO International has a one year low of $48.95 and a one year high of $76.15. The firm has a market capitalization of $2,930.00, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.95.
WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.09. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $1.05 earnings per share. WESCO International’s revenue for the quarter was up 7.8% on a year-over-year basis. equities research analysts anticipate that WESCO International will post 3.87 EPS for the current year.
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.
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