WESCO International (WCC) Issues FY17 Earnings Guidance

WESCO International (NYSE:WCC) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of 3.75-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.87. WESCO International also updated its FY18 guidance to 4.05-4.55 EPS.

A number of equities analysts have issued reports on the company. ValuEngine upgraded WESCO International from a hold rating to a buy rating in a report on Friday, December 1st. Zacks Investment Research cut WESCO International from a buy rating to a hold rating in a report on Tuesday. UBS raised their target price on WESCO International from $55.00 to $65.00 and gave the stock a neutral rating in a report on Friday, October 27th. Wells Fargo & Company raised their target price on WESCO International from $67.00 to $75.00 and gave the stock an outperform rating in a report on Friday, October 27th. Finally, Wolfe Research cut WESCO International from an outperform rating to a market perform rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. WESCO International presently has an average rating of Hold and an average price target of $68.38.

Shares of WESCO International (NYSE WCC) opened at $63.70 on Wednesday. The company has a market capitalization of $3,012.83, a PE ratio of 16.61, a PEG ratio of 1.66 and a beta of 1.95. The company has a current ratio of 2.31, a quick ratio of 1.42 and a debt-to-equity ratio of 0.65. WESCO International has a 1 year low of $48.95 and a 1 year high of $76.15.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.09. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. WESCO International’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. research analysts forecast that WESCO International will post 3.87 EPS for the current year.

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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 and Estimates for WESCO International (NYSE:WCC)

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