WESCO International, Inc. (NYSE:WCC) announced its earnings results on Thursday. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05, MarketWatch Earnings reports. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.91 billion. WESCO International had a return on equity of 9.30% and a net margin of 1.41%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS.

Shares of WESCO International (NYSE:WCC) traded down 10.99% during trading on Thursday, hitting $51.85. The stock had a trading volume of 1,942,059 shares. The firm has a market cap of $2.53 billion, a P/E ratio of 24.66 and a beta of 1.79. The firm’s 50-day moving average is $57.18 and its 200-day moving average is $64.90. WESCO International has a one year low of $49.05 and a one year high of $76.15.

A number of brokerages recently issued reports on WCC. BidaskClub cut WESCO International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Credit Suisse Group set a $70.00 target price on WESCO International and gave the company a “buy” rating in a research report on Saturday, June 10th. UBS AG reissued a “neutral” rating and issued a $67.00 target price (down from $69.00) on shares of WESCO International in a research report on Tuesday, May 2nd. Barclays PLC reissued an “equal weight” rating and issued a $68.00 target price (up from $65.00) on shares of WESCO International in a research report on Wednesday, April 19th. Finally, Zacks Investment Research cut WESCO International from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.25.

Several institutional investors have recently modified their holdings of the company. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of WESCO International during the first quarter valued at about $146,000. Janney Capital Management LLC acquired a new position in shares of WESCO International during the second quarter valued at about $202,000. Comerica Bank acquired a new position in shares of WESCO International during the fourth quarter valued at about $210,000. Trust Co. of Vermont acquired a new position in shares of WESCO International during the second quarter valued at about $229,000. Finally, OppenheimerFunds Inc. increased its position in shares of WESCO International by 14.3% in the first quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock valued at $348,000 after buying an additional 626 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

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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.

Earnings History for WESCO International (NYSE:WCC)

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