Zacks: Analysts Expect WESCO International, Inc. (NYSE:WCC) Will Announce Earnings of $3.09 Per Share

Wall Street brokerages forecast that WESCO International, Inc. (NYSE:WCCGet Rating) will report earnings of $3.09 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for WESCO International’s earnings. The lowest EPS estimate is $2.96 and the highest is $3.38. WESCO International posted earnings of $2.64 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The business is scheduled to announce its next quarterly 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 year, analysts expect that the business will post earnings of $12.84 per share, with EPS estimates ranging from $12.00 to $13.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for WESCO International.

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

A number of research analysts have weighed in on WCC shares. Zacks Investment Research lowered shares of WESCO International from a “buy” rating to a “hold” rating and set a $128.00 price target on the stock. in a research note on Tuesday, February 1st. StockNews.com started coverage on shares of WESCO International in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Loop Capital lifted their price target on shares of WESCO International from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, WESCO International has a consensus rating of “Buy” and an average target price of $150.43.

In other news, Director Easwaran Sundaram sold 7,344 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $120.01, for a total value of $881,353.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp Et Al bought a new stake in WESCO International during the third quarter worth $754,000. Aegon Asset Management UK PLC raised its position in WESCO International by 2.3% during the fourth quarter. Aegon Asset Management UK PLC now owns 21,539 shares of the technology company’s stock worth $2,834,000 after acquiring an additional 478 shares in the last quarter. Neuberger Berman Group LLC raised its position in WESCO International by 24.6% during the third quarter. Neuberger Berman Group LLC now owns 50,905 shares of the technology company’s stock worth $5,769,000 after acquiring an additional 10,037 shares in the last quarter. Isthmus Partners LLC bought a new stake in WESCO International during the fourth quarter worth $3,529,000. Finally, L & S Advisors Inc bought a new stake in WESCO International during the fourth quarter worth $2,514,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WCC 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. WESCO International has a twelve month low of $93.80 and a twelve month high of $144.43. The firm’s 50 day moving average price is $125.56 and its two-hundred day moving average price is $127.18. The firm has a market cap of $7.11 billion, a P/E ratio of 13.80, a PEG ratio of 1.21 and a beta of 2.17.

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

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