WESCO International, Inc. (NYSE:WCC) Expected to Announce Earnings of $3.09 Per Share

Analysts expect WESCO International, Inc. (NYSE:WCC – Get Rating) to announce earnings of $3.09 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for WESCO International’s earnings, with the highest EPS estimate coming in at $3.38 and the lowest estimate coming in at $2.96. WESCO International posted earnings per share of $2.64 in the same quarter last year, which indicates a positive year over year growth rate of 17%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that WESCO International will report full year earnings of $11.54 per share for the current year, with EPS estimates ranging from $11.07 to $12.00. For the next financial year, analysts forecast that the business will post earnings of $12.84 per share, with EPS estimates ranging from $12.00 to $13.58. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover WESCO International.

WESCO International (NYSE:WCC – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The technology company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.43. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.62 billion. WESCO International had a return on equity of 18.31% and a net margin of 3.07%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share.

WCC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered WESCO International from a “buy” rating to a “hold” rating and set a $128.00 price objective on the stock. in a research note on Tuesday, February 1st. StockNews.com initiated coverage on WESCO International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Loop Capital lifted their target price on WESCO International from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, WESCO International presently has an average rating of “Buy” and a consensus price target of $150.43.

WESCO International stock opened at $140.25 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.21 and a current ratio of 2.08. The business’s 50-day simple moving average is $125.56 and its 200-day simple moving average is $127.18. The firm has a market capitalization of $7.11 billion, a PE ratio of 13.80, a PEG ratio of 1.21 and a beta of 2.17. WESCO International has a 52 week low of $93.80 and a 52 week high of $144.43.

In other WESCO International news, Director Easwaran Sundaram sold 7,344 shares of WESCO International stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $120.01, for a total transaction of $881,353.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WCC. Easterly Investment Partners LLC acquired a new stake in WESCO International during the third quarter valued at approximately $18,388,000. Braun Stacey Associates Inc. acquired a new position in shares of WESCO International in the 1st quarter worth approximately $10,308,000. Isthmus Partners LLC boosted its holdings in shares of WESCO International by 201.8% in the 1st quarter. Isthmus Partners LLC now owns 80,925 shares of the technology company’s stock worth $10,532,000 after acquiring an additional 54,108 shares in the last quarter. JBF Capital Inc. boosted its holdings in shares of WESCO International by 3,788.9% in the 4th quarter. JBF Capital Inc. now owns 35,000 shares of the technology company’s stock worth $105,000 after acquiring an additional 34,100 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in shares of WESCO International by 17.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 162,666 shares of the technology company’s stock worth $21,405,000 after acquiring an additional 24,235 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

About WESCO International (Get Rating)

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).

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