WESCO International (WCC) to Release Earnings on Thursday

WESCO International (NYSE:WCC) will issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $3.29 per share for the quarter. WESCO International has set its FY 2024 guidance at 12.000-13.000 EPS.Parties that wish to register for the company’s conference call can do so using this link.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, August 1st. The technology company reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.27). WESCO International had a net margin of 3.30% and a return on equity of 14.44%. The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the company posted $3.71 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. On average, analysts expect WESCO International to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

WESCO International Trading Down 0.9 %

Shares of WCC opened at $177.88 on Wednesday. WESCO International has a twelve month low of $125.05 and a twelve month high of $195.43. The company has a market cap of $8.74 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.45 and a beta of 2.03. The company has a current ratio of 2.28, a quick ratio of 1.34 and a debt-to-equity ratio of 1.07. The company’s fifty day simple moving average is $166.72 and its 200-day simple moving average is $167.02.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, September 13th. WESCO International’s dividend payout ratio is currently 12.81%.

Insider Buying and Selling at WESCO International

In other WESCO International news, Director Steven A. Raymund sold 5,819 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $171.56, for a total transaction of $998,307.64. Following the transaction, the director now owns 27,004 shares of the company’s stock, valued at approximately $4,632,806.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $190.00 price target on shares of WESCO International in a research note on Monday, August 5th. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada raised their price target on shares of WESCO International from $171.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Friday, September 27th. Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Loop Capital raised their price target on shares of WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.86.

About WESCO International

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).