$1.45 Earnings Per Share Expected for WESCO International, Inc. (NYSE:WCC) This Quarter

Wall Street brokerages expect WESCO International, Inc. (NYSE:WCC) to post earnings of $1.45 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for WESCO International’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.48. WESCO International reported earnings per share of $1.41 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 31st.

On average, analysts expect that WESCO International will report full year earnings of $5.17 per share for the current financial year, with EPS estimates ranging from $5.07 to $5.30. For the next fiscal year, analysts expect that the company will post earnings of $5.61 per share, with EPS estimates ranging from $5.20 to $5.88. Zacks’ EPS averages are a mean average based on a survey of research firms that cover 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 the Thomson Reuters’ consensus estimate of $1.44 by $0.01. The business had revenue of $2.15 billion during 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%. WESCO International’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS.

WCC has been the subject of several recent analyst reports. Robert W. Baird raised shares of WESCO International from a “neutral” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Thursday, August 22nd. Wells Fargo & Co downgraded shares of WESCO International from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $60.00 to $45.00 in a report on Monday, September 23rd. Oppenheimer reaffirmed a “hold” rating on shares of WESCO International in a report on Friday, September 6th. Buckingham Research downgraded shares of WESCO International from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, ValuEngine raised shares of WESCO International from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.00.

Shares of NYSE WCC traded down $0.08 during trading hours on Wednesday, hitting $44.17. 2,661 shares of the stock were exchanged, compared to its average volume of 514,803. 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 company’s 50 day moving average is $45.74 and its 200 day moving average is $49.59. The firm has a market capitalization of $1.93 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.88 and a beta of 1.74. WESCO International has a one year low of $42.03 and a one year high of $58.51.

Several large investors have recently added to or reduced their stakes in WCC. Geode Capital Management LLC lifted its holdings in shares of WESCO International by 19.7% during the 4th quarter. Geode Capital Management LLC now owns 532,778 shares of the technology company’s stock worth $25,573,000 after acquiring an additional 87,644 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of WESCO International by 16.6% during the 1st quarter. New York State Common Retirement Fund now owns 208,584 shares of the technology company’s stock worth $11,057,000 after acquiring an additional 29,766 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of WESCO International by 12.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 190,375 shares of the technology company’s stock worth $10,092,000 after acquiring an additional 20,960 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in shares of WESCO International during the 1st quarter worth about $1,299,000. Finally, Carroll Financial Associates Inc. increased its position in shares of WESCO International by 317.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 697 shares of the technology company’s stock worth $35,000 after purchasing an additional 530 shares in the last quarter.

About WESCO International

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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