Wall Street brokerages expect WESCO International, Inc. (NYSE:WCC) to post $1.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for WESCO International’s earnings, with estimates ranging from $1.19 to $1.34. WESCO International reported earnings per share of $1.03 in the same quarter last year, which suggests a positive year over year growth rate of 22.3%. The business is expected to report its next earnings report before the market opens on Thursday, January 31st.
On average, analysts expect that WESCO International will report full year earnings of $4.81 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.90. For the next year, analysts expect that the firm will post earnings of $5.51 per share, with EPS estimates ranging from $5.15 to $5.80. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow WESCO International.
WESCO International (NYSE:WCC) last announced its earnings results on Thursday, November 1st. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.05. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.11 billion. WESCO International had a net margin of 2.35% and a return on equity of 10.09%. WESCO International’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. TheStreet downgraded shares of WESCO International from a “b-” rating to a “c+” rating in a report on Thursday, December 20th. Wells Fargo & Co cut their price target on shares of WESCO International from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, December 21st. Finally, Buckingham Research assumed coverage on shares of WESCO International in a report on Monday, December 10th. They issued a “buy” rating and a $59.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $61.67.
A number of hedge funds have recently bought and sold shares of WCC. California Public Employees Retirement System lifted its stake in WESCO International by 8.9% during the second quarter. California Public Employees Retirement System now owns 140,164 shares of the technology company’s stock valued at $8,003,000 after buying an additional 11,458 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in WESCO International during the third quarter valued at about $400,000. Aperio Group LLC lifted its stake in WESCO International by 2.6% during the third quarter. Aperio Group LLC now owns 40,612 shares of the technology company’s stock valued at $2,496,000 after buying an additional 1,021 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in WESCO International by 5.9% during the third quarter. Russell Investments Group Ltd. now owns 416,540 shares of the technology company’s stock valued at $25,592,000 after buying an additional 23,252 shares in the last quarter. Finally, James Investment Research Inc. lifted its stake in WESCO International by 868.4% during the third quarter. James Investment Research Inc. now owns 38,350 shares of the technology company’s stock valued at $2,357,000 after buying an additional 34,390 shares in the last quarter. 96.51% of the stock is owned by institutional investors.
WCC traded down $0.04 on Thursday, reaching $51.68. The company had a trading volume of 5,271 shares, compared to its average volume of 369,077. The firm has a market capitalization of $2.46 billion, a PE ratio of 13.15, a P/E/G ratio of 0.96 and a beta of 1.71. The company has a quick ratio of 1.50, a current ratio of 2.38 and a debt-to-equity ratio of 0.55. WESCO International has a one year low of $43.94 and a one year high of $69.35.
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.
See Also: Systematic Risk
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