Brokerages Anticipate WESCO International, Inc. (NYSE:WCC) Will Post Earnings of $1.32 Per Share

Wall Street brokerages expect WESCO International, Inc. (NYSE:WCC) to post earnings per share of $1.32 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for WESCO International’s earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.37. WESCO International posted earnings per share of $1.26 in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Thursday, January 30th.

According to Zacks, analysts expect that WESCO International will report full year earnings of $5.19 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.27. For the next year, analysts anticipate that the firm will report earnings of $5.38 per share, with EPS estimates ranging from $5.05 to $5.54. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for WESCO International.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. WESCO International had a return on equity of 10.57% and a net margin of 2.76%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS.

WCC has been the topic of several research analyst reports. Oppenheimer reissued a “hold” rating on shares of WESCO International in a research report on Friday, September 6th. Wolfe Research set a $52.00 target price on WESCO International and gave the stock a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada set a $52.00 target price on WESCO International and gave the stock a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group initiated coverage on WESCO International in a research report on Wednesday, November 27th. They set a “hold” rating and a $60.00 target price on the stock. Finally, Wells Fargo & Co lowered WESCO International from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $60.00 to $45.00 in a research report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WESCO International has an average rating of “Hold” and a consensus price target of $56.33.

Hedge funds and other institutional investors have recently modified their holdings of the company. Diamond Hill Capital Management Inc. grew its holdings in shares of WESCO International by 138.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,306,927 shares of the technology company’s stock valued at $62,432,000 after buying an additional 758,163 shares during the period. Foundry Partners LLC grew its holdings in shares of WESCO International by 55.1% in the 3rd quarter. Foundry Partners LLC now owns 215,376 shares of the technology company’s stock valued at $10,289,000 after buying an additional 76,529 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of WESCO International by 40.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 260,874 shares of the technology company’s stock valued at $12,462,000 after buying an additional 74,524 shares during the period. Polaris Capital Management LLC grew its holdings in shares of WESCO International by 7.8% in the 3rd quarter. Polaris Capital Management LLC now owns 834,658 shares of the technology company’s stock valued at $39,872,000 after buying an additional 60,500 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of WESCO International by 26.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 278,203 shares of the technology company’s stock valued at $14,091,000 after buying an additional 57,930 shares during the period. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE WCC traded down $1.10 during midday trading on Tuesday, hitting $56.08. 773,129 shares of the company’s stock were exchanged, compared to its average volume of 463,670. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.33 and a quick ratio of 1.46. WESCO International has a twelve month low of $42.03 and a twelve month high of $57.94. The company has a market cap of $2.39 billion, a PE ratio of 11.08, a P/E/G ratio of 1.10 and a beta of 1.75. The firm’s fifty day simple moving average is $53.33 and its 200-day simple moving average is $48.87.

About WESCO International

WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.

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Earnings History and Estimates for WESCO International (NYSE:WCC)

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