KeyCorp reissued their equal weight rating on shares of WESCO International (NYSE:WCC) in a research report released on Friday morning. KeyCorp also issued estimates for WESCO International’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.33 EPS and FY2018 earnings at $4.70 EPS.
A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded WESCO International from a hold rating to a sell rating in a report on Monday, May 7th. Zacks Investment Research downgraded WESCO International from a buy rating to a hold rating in a report on Tuesday, March 20th. Finally, Wolfe Research started coverage on WESCO International in a report on Wednesday. They set a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. WESCO International has a consensus rating of Hold and an average price target of $68.60.
WESCO International traded up $0.45, reaching $57.10, during trading on Friday, according to Marketbeat.com. 453,939 shares of the company traded hands, compared to its average volume of 557,339. The company has a current ratio of 2.37, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.19 and a beta of 1.84. WESCO International has a 1-year low of $48.95 and a 1-year high of $69.35.
WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 26th. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. WESCO International had a return on equity of 9.30% and a net margin of 2.15%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. analysts predict that WESCO International will post 4.77 earnings per share for the current year.
In other news, Director Sandra Beach Lin sold 671 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $60.14, for a total value of $40,353.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lynn M. Utter sold 652 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $59.55, for a total value of $38,826.60. Following the completion of the transaction, the director now directly owns 11,116 shares in the company, valued at $661,957.80. The disclosure for this sale can be found here. Insiders sold a total of 2,650 shares of company stock worth $161,070 over the last three months. 1.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in WCC. SG Americas Securities LLC acquired a new position in shares of WESCO International in the 4th quarter worth approximately $140,000. ETRADE Capital Management LLC acquired a new position in shares of WESCO International in the 4th quarter worth approximately $201,000. Element Capital Management LLC acquired a new position in shares of WESCO International in the 1st quarter worth approximately $214,000. Ffcm LLC boosted its holdings in shares of WESCO International by 1,811.0% in the 1st quarter. Ffcm LLC now owns 4,185 shares of the technology company’s stock worth $260,000 after acquiring an additional 3,966 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of WESCO International in the 1st quarter worth approximately $261,000. 98.27% of the stock is currently owned by institutional investors and hedge funds.
About WESCO International
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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