WESCO International, Inc. (WCC) to Release Quarterly Earnings on Thursday
WESCO International, Inc. (NYSE:WCC) will be announcing its earnings results before the market opens on Thursday, July 27th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. WESCO International has set its FY17 guidance at $3.60-4.00 EPS.
WESCO International (NYSE:WCC) last posted its earnings results on Thursday, April 27th. The technology company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. WESCO International had a return on equity of 9.30% and a net margin of 1.41%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, analysts expect WESCO International to post $3.87 EPS for the current fiscal year and $4.47 EPS for the next fiscal year.
Shares of WESCO International, Inc. (WCC) opened at 57.40 on Thursday. WESCO International, Inc. has a 52-week low of $51.45 and a 52-week high of $76.15. The stock’s 50 day moving average price is $57.73 and its 200-day moving average price is $65.26. The firm has a market cap of $2.80 billion, a PE ratio of 27.29 and a beta of 1.79.
ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/20/wesco-international-inc-wcc-to-release-quarterly-earnings-on-thursday.html.
WCC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, March 28th. TheStreet cut shares of WESCO International from a “b-” rating to a “c” rating in a research report on Wednesday, June 14th. Raymond James Financial, Inc. raised shares of WESCO International from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Wednesday, April 19th. BidaskClub cut shares of WESCO International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $68.00 price target (up previously from $65.00) on shares of WESCO International in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $69.20.
WESCO International Company Profile
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.
Receive News & Ratings for WESCO International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.