Media headlines about WESCO International (NYSE:WCC) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. WESCO International earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 47.2075679290371 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of WESCO International (NYSE WCC) opened at $65.75 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3,045.73, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.95. WESCO International has a twelve month low of $48.95 and a twelve month high of $76.15.
WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. equities research analysts expect that WESCO International will post 3.88 earnings per share for the current fiscal year.
WESCO International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
A number of brokerages have recently commented on WCC. Standpoint Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Credit Suisse Group set a $70.00 target price on shares of WESCO International and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 target price on shares of WESCO International in a report on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $64.00 target price on shares of WESCO International in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. WESCO International currently has an average rating of “Hold” and an average price target of $68.54.
In other news, Director James Louis Singleton sold 3,288 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $64.25, for a total value of $211,254.00. Following the completion of the transaction, the director now directly owns 19,477 shares in the company, valued at approximately $1,251,397.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.
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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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