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.
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