$1.47 Earnings Per Share Expected for WESCO International, Inc. (NYSE:WCC) This Quarter

Analysts forecast that WESCO International, Inc. (NYSE:WCC) will post $1.47 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for WESCO International’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.60. WESCO International posted earnings per share of $1.41 during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to report its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that WESCO International will report full-year earnings of $5.24 per share for the current year, with EPS estimates ranging from $5.07 to $5.47. For the next fiscal year, analysts forecast that the firm will post earnings of $5.75 per share, with EPS estimates ranging from $5.45 to $6.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow WESCO International.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. WESCO International had a net margin of 2.82% and a return on equity of 10.63%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 earnings per share.

A number of research firms recently issued reports on WCC. Zacks Investment Research downgraded shares of WESCO International from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. William Blair downgraded shares of WESCO International from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 7th. Northcoast Research downgraded shares of WESCO International from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Royal Bank of Canada dropped their price objective on shares of WESCO International to $54.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Finally, Buckingham Research cut shares of WESCO International from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $61.71.

Shares of WCC traded up $1.13 on Friday, reaching $43.73. The company’s stock had a trading volume of 583,800 shares, compared to its average volume of 638,890. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.30 and a quick ratio of 1.41. The stock has a market capitalization of $1.81 billion, a P/E ratio of 9.07, a PEG ratio of 0.81 and a beta of 1.73. The stock’s 50 day simple moving average is $48.34 and its two-hundred day simple moving average is $51.72. WESCO International has a 12-month low of $42.03 and a 12-month high of $63.20.

In other WESCO International news, Director Lynn M. Utter sold 1,513 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $48.97, for a total transaction of $74,091.61. Following the sale, the director now owns 11,151 shares in the company, valued at approximately $546,064.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John K. Morgan sold 3,077 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $51.29, for a total transaction of $157,819.33. Following the sale, the director now owns 25,984 shares in the company, valued at approximately $1,332,719.36. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in WESCO International by 19.7% in the 4th quarter. Geode Capital Management LLC now owns 532,778 shares of the technology company’s stock worth $25,573,000 after purchasing an additional 87,644 shares during the period. Meeder Asset Management Inc. boosted its stake in WESCO International by 18.7% in the 1st quarter. Meeder Asset Management Inc. now owns 2,832 shares of the technology company’s stock worth $150,000 after purchasing an additional 447 shares during the period. Foundry Partners LLC boosted its stake in WESCO International by 32.4% in the 1st quarter. Foundry Partners LLC now owns 9,000 shares of the technology company’s stock worth $477,000 after purchasing an additional 2,200 shares during the period. First Quadrant L P CA acquired a new position in WESCO International in the 1st quarter worth $1,598,000. Finally, BNP Paribas Arbitrage SA boosted its stake in WESCO International by 75.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 293,472 shares of the technology company’s stock worth $15,557,000 after purchasing an additional 125,940 shares during the period. Institutional investors own 98.75% of the company’s stock.

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

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