Wesco International Inc. (WCC) Issues FY13 Earnings Guidance
Wesco International Inc. (NYSE:WCC) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.00-5.20 for the period, compared to the Thomson Reuters consensus estimate of $5.20, Analyst Ratings.Net reports.
A number of research firms have recently commented on WCC. Analysts at Wunderlich reiterated a buy rating on shares of Wesco International in a research note to investors on Monday, October 7th. They now have a $94.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Wesco International from $79.00 to $85.00 in a research note to investors on Monday, October 7th. They now have an overweight rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Wesco International from $80.00 to $88.00 in a research note to investors on Friday, October 4th. They now have an outperform rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $76.85.
Shares of Wesco International Inc. (NYSE:WCC) opened at 78.928 on Thursday. Wesco International Inc. has a 52 week low of $55.02 and a 52 week high of $79.74. The stock’s 50-day moving average is $75.27 and its 200-day moving average is $72.73. The company has a market cap of $3.487 billion and a P/E ratio of 16.58.
Wesco International (NYSE:WCC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.42. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that Wesco International Inc. will post $5.20 EPS for the current fiscal year.
WESCO International, Inc (NYSE:WCC) is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and government (CIG) markets.
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