Zacks Research Analysts Decrease Earnings Estimates for WCC

WESCO International, Inc. (NYSE:WCC) – Analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for WESCO International in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of $3.25 per share for the quarter, down from their previous estimate of $3.55. The consensus estimate for WESCO International’s current full-year earnings is $12.22 per share. Zacks Research also issued estimates for WESCO International’s Q1 2025 earnings at $2.34 EPS, Q2 2025 earnings at $3.59 EPS, Q3 2025 earnings at $3.55 EPS, Q4 2025 earnings at $4.01 EPS, FY2025 earnings at $13.50 EPS, Q2 2026 earnings at $4.12 EPS, Q3 2026 earnings at $4.48 EPS and FY2026 earnings at $15.80 EPS.

A number of other brokerages also recently commented on WCC. KeyCorp upped their target price on WESCO International from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Stephens raised their price objective on shares of WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their target price on WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, WESCO International has an average rating of “Buy” and a consensus price target of $208.86.

WESCO International Stock Up 1.6 %

Shares of NYSE:WCC opened at $213.19 on Monday. The stock’s 50-day moving average is $182.85 and its 200 day moving average is $172.43. The company has a market cap of $10.45 billion, a PE ratio of 17.07, a P/E/G ratio of 1.72 and a beta of 2.01. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International has a 1 year low of $132.37 and a 1 year high of $216.17.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.36. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.49 EPS.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.4125 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.77%. WESCO International’s payout ratio is currently 13.21%.

Insider Buying and Selling at WESCO International

In other WESCO International news, CFO David S. Schulz sold 14,938 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the completion of the sale, the chief financial officer now directly owns 104,471 shares in the company, valued at approximately $21,578,485.05. This trade represents a 12.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Clayton Geary sold 2,829 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total transaction of $582,010.17. Following the completion of the transaction, the executive vice president now owns 35,063 shares in the company, valued at approximately $7,213,510.99. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,586 shares of company stock worth $6,565,762. 3.10% of the stock is owned by insiders.

Institutional Trading of WESCO International

Several institutional investors have recently added to or reduced their stakes in WCC. Pacer Advisors Inc. lifted its holdings in shares of WESCO International by 23,727.4% during the second quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock valued at $251,896,000 after purchasing an additional 1,582,379 shares in the last quarter. Geode Capital Management LLC lifted its stake in WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after acquiring an additional 22,080 shares during the period. Bank of New York Mellon Corp lifted its stake in WESCO International by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 413,156 shares of the technology company’s stock valued at $65,494,000 after acquiring an additional 8,641 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of WESCO International during the 2nd quarter valued at about $52,782,000. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock worth $43,420,000 after acquiring an additional 199,975 shares during the period. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

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).