WESCO International, Inc. (WCC) Announces Quarterly Earnings Results

WESCO International, Inc. (NYSE:WCC) released its quarterly earnings data on Wednesday. The technology company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.09, MarketWatch Earnings reports. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis.

Shares of WESCO International (WCC) traded up 6.793% during mid-day trading on Thursday, hitting $63.275. 945,016 shares of the stock traded hands. The company’s 50-day moving average price is $57.23 and its 200 day moving average price is $57.70. The company has a market capitalization of $3.04 billion, a PE ratio of 30.002 and a beta of 1.80. WESCO International has a 1-year low of $48.95 and a 1-year high of $76.15.



In related news, CFO David S. Schulz purchased 4,000 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $51.57 per share, with a total value of $206,280.00. Following the transaction, the chief financial officer now directly owns 9,000 shares in the company, valued at $464,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Several research analysts have weighed in on the stock. Standpoint Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and set a $56.00 price objective on shares of WESCO International in a report on Wednesday, October 4th. Wells Fargo & Company upped their price objective on shares of WESCO International from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. BidaskClub upgraded shares of WESCO International from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded shares of WESCO International from a “sell” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. WESCO International presently has a consensus rating of “Buy” and an average price target of $66.21.

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WESCO International Company Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Earnings History for WESCO International (NYSE:WCC)

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