Equities research analysts predict that WESCO International, Inc. (NYSE:WCC) will report $1.22 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for WESCO International’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.18. WESCO International posted earnings of $1.02 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 19.6%. The company is expected to announce its next earnings report before the market opens on Thursday, August 2nd.
On average, analysts expect that WESCO International will report full-year earnings of $4.77 per share for the current year, with EPS estimates ranging from $4.70 to $4.85. For the next financial year, analysts forecast that the company will report earnings of $5.36 per share, with EPS estimates ranging from $5.10 to $5.64. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for WESCO International.
WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, April 26th. The technology company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. WESCO International had a return on equity of 9.30% and a net margin of 2.15%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis.
WCC stock traded down $0.30 on Friday, reaching $58.65. The company’s stock had a trading volume of 406,081 shares, compared to its average volume of 443,513. WESCO International has a 12-month low of $48.95 and a 12-month high of $69.35. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.22 and a beta of 1.82. The company has a quick ratio of 1.44, a current ratio of 2.37 and a debt-to-equity ratio of 0.61.
In other WESCO International news, Director Lynn M. Utter sold 1,327 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $61.71, for a total transaction of $81,889.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn M. Utter sold 652 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $59.55, for a total value of $38,826.60. Following the transaction, the director now directly owns 11,116 shares of the company’s stock, valued at approximately $661,957.80. The disclosure for this sale can be found here. Insiders sold 2,650 shares of company stock valued at $161,070 in the last ninety days. 1.90% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. BB&T Securities LLC lifted its position in WESCO International by 1.7% during the first quarter. BB&T Securities LLC now owns 48,763 shares of the technology company’s stock valued at $3,025,000 after buying an additional 835 shares during the period. Neuberger Berman Group LLC lifted its position in WESCO International by 18.8% during the first quarter. Neuberger Berman Group LLC now owns 7,992 shares of the technology company’s stock valued at $496,000 after buying an additional 1,262 shares during the period. Swiss National Bank lifted its position in WESCO International by 2.2% during the first quarter. Swiss National Bank now owns 83,200 shares of the technology company’s stock valued at $5,163,000 after buying an additional 1,800 shares during the period. Penn Capital Management Co. Inc. lifted its position in WESCO International by 5.4% during the first quarter. Penn Capital Management Co. Inc. now owns 37,901 shares of the technology company’s stock valued at $2,446,000 after buying an additional 1,943 shares during the period. Finally, ETRADE Capital Management LLC lifted its position in WESCO International by 74.4% during the first quarter. ETRADE Capital Management LLC now owns 5,135 shares of the technology company’s stock valued at $319,000 after buying an additional 2,191 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.
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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