Analysts expect WESCO International, Inc. (NYSE:WCC) to post earnings of $1.26 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for WESCO International’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.34. WESCO International reported earnings of $1.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 22.3%. The firm is expected to issue its next quarterly earnings report on Thursday, February 7th.
According to Zacks, analysts expect that WESCO International will report full year earnings of $4.81 per share for the current financial year, with EPS estimates ranging from $4.76 to $4.90. For the next fiscal year, analysts anticipate that the company will report earnings of $5.51 per share, with EPS estimates ranging from $5.15 to $5.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover WESCO International.
WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.05. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.11 billion. WESCO International had a return on equity of 10.09% and a net margin of 2.35%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 EPS.
Several research firms have weighed in on WCC. Zacks Investment Research cut WESCO International from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reaffirmed a “hold” rating and set a $61.00 target price on shares of WESCO International in a research note on Friday, November 2nd. Robert W. Baird lowered their target price on WESCO International from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. UBS Group lifted their target price on WESCO International from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Finally, ValuEngine cut WESCO International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.75.
NYSE WCC traded down $1.23 on Friday, hitting $49.93. 658,872 shares of the company were exchanged, compared to its average volume of 445,102. The company has a current ratio of 2.38, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.39 billion, a PE ratio of 12.70, a PEG ratio of 1.06 and a beta of 1.86. WESCO International has a twelve month low of $47.44 and a twelve month high of $69.35.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in WESCO International by 66.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,398 shares of the technology company’s stock valued at $251,000 after acquiring an additional 1,755 shares in the last quarter. LaSalle Street Capital Management LLC bought a new stake in shares of WESCO International in the 3rd quarter valued at approximately $385,000. Ramsey Quantitative Systems bought a new stake in shares of WESCO International in the 3rd quarter valued at approximately $400,000. Sun Life Financial INC bought a new stake in shares of WESCO International in the 2nd quarter valued at approximately $470,000. Finally, Paloma Partners Management Co bought a new stake in shares of WESCO International in the 2nd quarter valued at approximately $484,000. 96.67% of the stock is currently owned by institutional investors.
WESCO International Company Profile
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
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