WESCO International, Inc. (WCC) Set to Announce Quarterly Earnings on Wednesday
WESCO International, Inc. (NYSE:WCC) will announce its earnings results before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $1.09 per share for the quarter.
WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $1.02 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect WESCO International to post $3.74 EPS for the current fiscal year and $4.20 EPS for the next fiscal year.
Shares of WESCO International, Inc. (NYSE:WCC) opened at 60.80 on Wednesday. The stock has a 50 day moving average of $55.25 and a 200-day moving average of $58.14. WESCO International, Inc. has a 52-week low of $48.95 and a 52-week high of $76.15. The firm has a market capitalization of $2.92 billion, a P/E ratio of 28.83 and a beta of 1.80.
In other news, CFO David S. Schulz purchased 4,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $51.57 per share, with a total value of $206,280.00. Following the acquisition, the chief financial officer now directly owns 9,000 shares in the company, valued at $464,130. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.
Several research analysts recently commented on WCC shares. Zacks Investment Research raised shares of WESCO International from a “sell” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, July 4th. UBS AG reaffirmed a “neutral” rating and issued a $55.00 price objective (down from $67.00) on shares of WESCO International in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of WESCO International in a report on Wednesday, July 12th. Northcoast Research started coverage on shares of WESCO International in a report on Tuesday, July 25th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 price objective on shares of WESCO International in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $66.21.
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About WESCO International
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.
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