WESCO International (NYSE:WCC) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.75-3.95 for the period, compared to the Thomson Reuters consensus estimate of $3.87. WESCO International also updated its FY18 guidance to 4.05-4.55 EPS.
WESCO International (NYSE:WCC) traded up $0.85 during trading hours on Friday, hitting $68.15. 425,276 shares of the stock were exchanged, compared to its average volume of 305,745. WESCO International has a 12 month low of $48.95 and a 12 month high of $76.15. The company has a market capitalization of $3,163.24, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.42 and a current ratio of 2.31.
WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.09. WESCO International had a net margin of 2.52% 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 previous year, the company earned $1.05 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. research analysts expect that WESCO International will post 3.88 EPS for the current fiscal year.
Several brokerages have recently commented on WCC. Robert W. Baird restated a hold rating and issued a $56.00 target price on shares of WESCO International in a research note on Wednesday, October 4th. Zacks Investment Research cut WESCO International from a buy rating to a hold rating in a report on Wednesday. Wells Fargo & Co boosted their price objective on WESCO International from $65.00 to $67.00 and gave the stock an outperform rating in a report on Friday, October 6th. Standpoint Research cut WESCO International from a buy rating to a hold rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut WESCO International to a hold rating and set a $70.00 price target for the company. in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company has a consensus 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 stock was 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 owns 19,477 shares in the company, valued at $1,251,397.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.
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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