Wall Street brokerages expect WESCO International (NYSE:WCC) to post earnings of $0.88 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for WESCO International’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.85. WESCO International reported earnings of $0.76 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 26th.
On average, analysts expect that WESCO International will report full year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.52 to $4.80. For the next year, analysts expect that the business will report earnings of $5.29 per share, with EPS estimates ranging from $4.97 to $5.83. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for WESCO International.
WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. WESCO International had a return on equity of 9.06% and a net margin of 2.13%. WESCO International’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share.
A number of research firms recently commented on WCC. ValuEngine downgraded WESCO International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. UBS began coverage on WESCO International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Zacks Investment Research downgraded WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $68.82.
In other WESCO International news, Director Lynn M. Utter sold 737 shares of WESCO International stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $63.57, for a total value of $46,851.09. Following the transaction, the director now owns 11,116 shares in the company, valued at $706,644.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn M. Utter sold 768 shares of WESCO International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $65.56, for a total value of $50,350.08. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WCC. New York State Common Retirement Fund grew its position in WESCO International by 1.2% in the third quarter. New York State Common Retirement Fund now owns 211,054 shares of the technology company’s stock valued at $12,294,000 after acquiring an additional 2,600 shares during the last quarter. California Public Employees Retirement System grew its position in WESCO International by 8.8% in the third quarter. California Public Employees Retirement System now owns 125,363 shares of the technology company’s stock valued at $7,302,000 after acquiring an additional 10,163 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in WESCO International in the fourth quarter valued at about $375,000. James Investment Research Inc. grew its position in WESCO International by 217.4% in the fourth quarter. James Investment Research Inc. now owns 39,800 shares of the technology company’s stock valued at $2,712,000 after acquiring an additional 27,260 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in WESCO International in the fourth quarter valued at about $140,000.
WCC stock traded down $0.65 during midday trading on Friday, reaching $63.05. The company had a trading volume of 90,592 shares, compared to its average volume of 403,832. The company has a market cap of $2,988.06, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.84. WESCO International has a 1-year low of $48.95 and a 1-year high of $69.35. The company has a quick ratio of 1.40, a current ratio of 2.31 and a debt-to-equity ratio of 0.62.
WESCO International Company Profile
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
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