Analysts predict that WESCO International, Inc. (NYSE:WCC) will post earnings of $0.98 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for WESCO International’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.93. WESCO International posted earnings per share of $0.96 during the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is expected to announce its next earnings results on Thursday, January 25th.
On average, analysts expect that WESCO International will report full year earnings of $3.87 per share for the current fiscal year, with EPS estimates ranging from $3.78 to $3.90. For the next financial year, analysts anticipate that the firm will post earnings of $4.29 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for WESCO International.
WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company earned $1.05 EPS. WESCO International’s revenue was up 7.8% compared to the same quarter last year.
WCC has been the subject of a number of research reports. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price target on shares of WESCO International in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $64.00 price target on shares of WESCO International in a research note on Thursday, October 12th. Wolfe Research cut WESCO International from an “outperform” rating to a “market perform” rating in a research note on Friday, October 27th. Northcoast Research initiated coverage on WESCO International in a research note on Tuesday, July 25th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Zacks Investment Research cut WESCO International from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One investment 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $68.38.
A number of institutional investors have recently modified their holdings of WCC. Wasatch Advisors Inc. grew its holdings in WESCO International by 20.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,490,581 shares of the technology company’s stock worth $142,710,000 after acquiring an additional 420,292 shares during the period. Investec Asset Management LTD grew its holdings in WESCO International by 24.5% during the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock worth $63,236,000 after acquiring an additional 217,004 shares during the period. Tocqueville Asset Management L.P. grew its holdings in WESCO International by 18.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 312,715 shares of the technology company’s stock worth $18,216,000 after acquiring an additional 48,700 shares during the period. Airain ltd acquired a new stake in WESCO International during the 2nd quarter worth about $1,983,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in WESCO International during the 2nd quarter worth about $1,683,000. Hedge funds and other institutional investors own 96.97% of the company’s stock.
Shares of WESCO International (WCC) traded down $0.30 on Friday, hitting $62.00. The stock had a trading volume of 254,300 shares, compared to its average volume of 518,027. WESCO International has a one year low of $48.95 and a one year high of $76.15. The company has a market cap of $2,928.23, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.61 and a beta of 1.95. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.
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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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