News headlines about WESCO International (NYSE:WCC) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, 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 news articles about the technology company an impact score of 47.1100846932012 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
WESCO International (WCC) opened at $67.30 on Monday. WESCO International has a twelve month low of $48.95 and a twelve month high of $76.15. The company has a current ratio of 2.31, a quick ratio of 1.42 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3,163.23, a PE ratio of 17.44, a PEG ratio of 1.56 and a beta of 1.95.
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, topping the 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 company 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 firm posted $1.05 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. equities research analysts forecast that WESCO International will post 3.88 earnings per share for the current year.
A number of research firms have weighed in on WCC. Robert W. Baird reissued a “hold” rating and set a $56.00 target price on shares of WESCO International in a research report on Wednesday, October 4th. Wells Fargo & Co boosted their target price on shares of WESCO International from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. Standpoint Research lowered 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. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Wednesday, December 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $70.00 target price (up previously from $68.00) on shares of WESCO International in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $68.54.
In other news, Director James Louis Singleton sold 3,288 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $64.25, for a total transaction of $211,254.00. Following the transaction, the director now owns 19,477 shares in the company, valued at approximately $1,251,397.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
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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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