Media headlines about WESCO International (NYSE:WCC) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. WESCO International earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 47.0075667762264 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of brokerages have issued reports on WCC. Zacks Investment Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Saturday. ValuEngine cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. UBS Group began coverage on shares of WESCO International in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $70.00 target price for the company. Standpoint Research cut 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. Finally, Wells Fargo & Co lifted their target price on shares of WESCO International from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $68.77.
WESCO International (WCC) remained flat at $$63.00 during trading on Monday. 276,370 shares of the company were exchanged, compared to its average volume of 459,909. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. WESCO International has a one year low of $48.95 and a one year high of $73.30. The stock has a market capitalization of $2,990.00, a PE ratio of 18.64, a P/E/G ratio of 1.35 and a beta of 1.86.
WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. WESCO International had a net margin of 2.13% and a return on equity of 9.10%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. WESCO International’s revenue for the quarter was up 11.3% on a year-over-year basis. sell-side analysts anticipate that WESCO International will post 4.67 EPS for the current fiscal year.
WESCO International announced that its board has initiated a stock repurchase program on Wednesday, December 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In other WESCO International 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 transaction of $211,254.00. Following the completion of the sale, the director now directly owns 19,477 shares in the company, valued at $1,251,397.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.
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About WESCO International
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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