WESCO International, Inc. (NYSE:WCC) – Equities research analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for WESCO International in a report issued on Thursday. Oppenheimer Holdings analyst C. Glynn forecasts that the technology company will post earnings of $0.79 per share for the quarter. Oppenheimer Holdings also issued estimates for WESCO International’s Q2 2018 earnings at $1.00 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.09 EPS and FY2019 earnings at $4.60 EPS.

Several other brokerages have also weighed in on WCC. Zacks Investment Research raised 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. Wells Fargo & Company boosted their price objective on WESCO International from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday. Standpoint Research lowered WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. UBS AG reissued 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. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of WESCO International in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $68.29.

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WESCO International (NYSE WCC) opened at 64.00 on Monday. The stock has a market cap of $3.07 billion, a P/E ratio of 30.35 and a beta of 1.80. WESCO International has a 12-month low of $48.95 and a 12-month high of $76.15. The stock has a 50 day moving average price of $57.95 and a 200-day moving average price of $57.69.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. WESCO International had a return on equity of 9.17% and a net margin of 2.52%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis.

A number of hedge funds have recently modified their holdings of WCC. Janney Capital Management LLC acquired a new position in WESCO International in the second quarter valued at approximately $202,000. D.A. Davidson & CO. boosted its stake in WESCO International by 32.0% in the second quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock valued at $204,000 after acquiring an additional 866 shares during the period. Trust Co. of Vermont acquired a new position in WESCO International in the second quarter valued at approximately $229,000. Quantbot Technologies LP acquired a new position in WESCO International in the second quarter valued at approximately $238,000. Finally, OppenheimerFunds Inc. boosted its stake in 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 acquiring an additional 626 shares during the period. Institutional investors own 98.21% of the company’s stock.

In related news, CFO David S. Schulz bought 4,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $51.57 per share, for a total transaction of $206,280.00. Following the completion of the purchase, the chief financial officer now directly owns 9,000 shares in the company, valued at approximately $464,130. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

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.

Earnings History and Estimates for WESCO International (NYSE:WCC)

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