Wall Street analysts forecast that WESCO International, Inc. (NYSE:WCC) will announce earnings of $0.88 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for WESCO International’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.85. WESCO International reported earnings per share of $0.76 during the same quarter last year, which would suggest a positive year over year growth rate of 15.8%. The firm is scheduled to report its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that WESCO International will report full-year earnings of $4.64 per share for the current year, with EPS estimates ranging from $4.30 to $4.80. For the next financial year, analysts forecast that the firm will post earnings of $5.28 per share, with EPS estimates ranging from $4.97 to $5.83. Zacks’ EPS averages are an average based on a survey of analysts that cover WESCO International.
WESCO International (NYSE:WCC) last issued its earnings results on Thursday, February 1st. The technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.93 billion. WESCO International had a net margin of 2.13% and a return on equity of 9.10%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS.
WESCO International (NYSE:WCC) opened at $61.55 on Tuesday. The company has a market cap of $2,989.33, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.37 and a beta of 1.86. WESCO International has a 52-week low of $48.95 and a 52-week high of $73.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42.
WESCO International declared that its board has initiated a share repurchase plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, Director James Louis Singleton sold 3,288 shares of WESCO International stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $64.25, for a total transaction of $211,254.00. Following the sale, the director now owns 19,477 shares of the company’s stock, valued at approximately $1,251,397.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of WESCO International during the 4th quarter valued at about $140,000. Janney Capital Management LLC boosted its stake in shares of WESCO International by 47.4% during the 3rd quarter. Janney Capital Management LLC now owns 5,199 shares of the technology company’s stock valued at $302,000 after purchasing an additional 1,672 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of WESCO International during the 4th quarter valued at about $375,000. Diamond Hill Capital Management Inc. bought a new stake in shares of WESCO International during the 3rd quarter valued at about $502,000. Finally, Balyasny Asset Management LLC boosted its stake in shares of WESCO International by 116.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 17,494 shares of the technology company’s stock valued at $1,002,000 after purchasing an additional 9,394 shares in the last quarter. 98.70% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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