Analysts expect WESCO International, Inc. (NYSE:WCC) to announce $1.47 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for WESCO International’s earnings. The highest EPS estimate is $1.60 and the lowest is $1.40. 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 company is scheduled to report its next earnings report 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 financial year, with EPS estimates ranging from $5.07 to $5.47. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.75 per share, with EPS estimates ranging from $5.45 to $6.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for WESCO International.
WESCO International (NYSE:WCC) last released its earnings results on Thursday, August 1st. The technology company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.01. WESCO International had a net margin of 2.82% and a return on equity of 10.63%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm earned $1.22 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year.
WCC has been the topic of several recent research reports. Royal Bank of Canada reduced their target price on shares of WESCO International to $54.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Oppenheimer reaffirmed a “hold” rating on shares of WESCO International in a report on Friday, September 6th. Buckingham Research lowered shares of WESCO International from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. TheStreet lowered shares of WESCO International from a “b-” rating to a “c+” rating in a report on Friday, May 24th. Finally, Northcoast Research lowered shares of WESCO International from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. WESCO International currently has an average rating of “Hold” and a consensus price target of $58.33.
Institutional investors have recently made changes to their positions in the business. Carroll Financial Associates Inc. grew its holdings in WESCO International by 317.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 697 shares of the technology company’s stock worth $35,000 after acquiring an additional 530 shares during the last quarter. Machina Capital S.A.S. lifted its position in shares of WESCO International by 283.4% in the 2nd quarter. Machina Capital S.A.S. now owns 1,986 shares of the technology company’s stock worth $101,000 after purchasing an additional 1,468 shares during the period. Zebra Capital Management LLC purchased a new stake in shares of WESCO International in the 2nd quarter worth about $242,000. SG Americas Securities LLC purchased a new stake in shares of WESCO International in the 1st quarter worth about $273,000. Finally, HGK Asset Management Inc. lifted its position in shares of WESCO International by 19.3% in the 2nd quarter. HGK Asset Management Inc. now owns 7,179 shares of the technology company’s stock worth $364,000 after purchasing an additional 1,160 shares during the period.
Shares of WCC stock traded down $0.77 on Monday, hitting $48.54. 6,491 shares of the company’s stock traded hands, compared to its average volume of 531,950. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.41 and a current ratio of 2.30. WESCO International has a one year low of $42.03 and a one year high of $63.20. The company’s fifty day simple moving average is $45.70 and its 200 day simple moving average is $50.49. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.91 and a beta of 1.74.
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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