Q4 2022 Earnings Estimate for WESCO International, Inc. (NYSE:WCC) Issued By Jefferies Financial Group

WESCO International, Inc. (NYSE:WCCGet Rating) – Analysts at Jefferies Financial Group lifted their Q4 2022 earnings per share (EPS) estimates for WESCO International in a research report issued to clients and investors on Monday, May 23rd. Jefferies Financial Group analyst H. Mazari now forecasts that the technology company will post earnings of $3.24 per share for the quarter, up from their previous forecast of $2.91. Jefferies Financial Group also issued estimates for WESCO International’s Q4 2023 earnings at $3.64 EPS.

WESCO International (NYSE:WCCGet Rating) last announced 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. WESCO International had a return on equity of 17.89% and a net margin of 3.07%. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised WESCO International from a “hold” rating to a “strong-buy” rating and set a $150.00 target price for the company in a research note on Tuesday, May 10th. Loop Capital increased their price objective on shares of WESCO International from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 16th. Finally, StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 17th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $158.33.

Shares of WESCO International stock opened at $113.77 on Wednesday. The company has a market capitalization of $5.77 billion, a PE ratio of 11.20, a PEG ratio of 0.82 and a beta of 2.17. The company has a current ratio of 2.11, a quick ratio of 1.23 and a debt-to-equity ratio of 1.22. The stock’s fifty day simple moving average is $126.51 and its 200 day simple moving average is $126.51. WESCO International has a 12 month low of $93.80 and a 12 month high of $144.43.

In other news, Director Easwaran Sundaram sold 7,344 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $120.01, for a total value of $881,353.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WCC. Leuthold Group LLC increased its position in WESCO International by 0.3% during the third quarter. Leuthold Group LLC now owns 32,600 shares of the technology company’s stock worth $3,759,000 after buying an additional 83 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of WESCO International by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 2,215 shares of the technology company’s stock worth $255,000 after acquiring an additional 90 shares during the last quarter. New York State Teachers Retirement System raised its stake in WESCO International by 2.6% in the 1st quarter. New York State Teachers Retirement System now owns 3,900 shares of the technology company’s stock valued at $508,000 after acquiring an additional 100 shares during the period. Peregrine Capital Management LLC lifted its holdings in WESCO International by 1.1% during the 1st quarter. Peregrine Capital Management LLC now owns 11,355 shares of the technology company’s stock valued at $1,478,000 after purchasing an additional 120 shares during the last quarter. Finally, Ellevest Inc. boosted its position in WESCO International by 57.1% during the fourth quarter. Ellevest Inc. now owns 377 shares of the technology company’s stock worth $50,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

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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