WESCO International (WCC) Scheduled to Post Earnings on Thursday

WESCO International (NYSE:WCC) will be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect WESCO International to post earnings of $3.49 per share for the quarter. WESCO International has set its FY24 guidance at $13.75-15.75 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.13). The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.30 billion. WESCO International had a net margin of 3.08% and a return on equity of 15.10%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.75 EPS. On average, analysts expect WESCO International to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

WESCO International Stock Down 0.8 %

Shares of NYSE WCC opened at $170.79 on Wednesday. The firm has a market capitalization of $8.68 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.21 and a beta of 2.06. The company has a current ratio of 2.21, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. WESCO International has a 1 year low of $122.30 and a 1 year high of $195.43. The firm’s 50-day moving average is $170.10 and its 200-day moving average is $167.32.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, June 14th. WESCO International’s dividend payout ratio (DPR) is presently 13.74%.

Insider Buying and Selling

In other WESCO International news, major shareholder Equity Investors Vii L. Green sold 1,750,000 shares of WESCO International stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $173.02, for a total value of $302,785,000.00. Following the transaction, the insider now owns 2,134,683 shares of the company’s stock, valued at $369,342,852.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other WESCO International news, CAO Matthew S. Kulasa sold 474 shares of WESCO International stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $191.69, for a total value of $90,861.06. Following the transaction, the chief accounting officer now owns 3,555 shares of the company’s stock, valued at $681,457.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Equity Investors Vii L. Green sold 1,750,000 shares of WESCO International stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $173.02, for a total transaction of $302,785,000.00. Following the completion of the transaction, the insider now directly owns 2,134,683 shares in the company, valued at approximately $369,342,852.66. The disclosure for this sale can be found here. Insiders have sold 1,754,960 shares of company stock valued at $303,728,784 in the last 90 days. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WCC shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $195.00 target price (down previously from $200.00) on shares of WESCO International in a research note on Wednesday, May 29th. Baird R W lowered shares of WESCO International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Loop Capital raised their target price on shares of WESCO International from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, May 6th. StockNews.com lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Oppenheimer lifted their price objective on shares of WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.17.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).