Zacks: Analysts Anticipate WESCO International, Inc. (WCC) Will Announce Quarterly Sales of $2.11 Billion

Equities analysts predict that WESCO International, Inc. (NYSE:WCC) will report $2.11 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for WESCO International’s earnings, with estimates ranging from $2.10 billion to $2.13 billion. WESCO International reported sales of $2.00 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that WESCO International will report full-year sales of $8.29 billion for the current fiscal year, with estimates ranging from $8.20 billion to $8.34 billion. For the next year, analysts anticipate that the company will post sales of $8.65 billion, with estimates ranging from $8.50 billion to $8.81 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WESCO International.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, August 2nd. The technology company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). WESCO International had a return on equity of 9.62% and a net margin of 2.21%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company earned $1.02 EPS. WESCO International’s revenue for the quarter was up 10.2% on a year-over-year basis.

WCC has been the topic of a number of analyst reports. ValuEngine lowered WESCO International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. UBS Group upped their price target on WESCO International from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $66.00 price target on shares of WESCO International in a research report on Friday, August 3rd. Zacks Investment Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Saturday, June 30th. Finally, KeyCorp reiterated an “equal weight” rating on shares of WESCO International in a research report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $68.00.

Shares of WCC opened at $58.20 on Friday. WESCO International has a 12-month low of $55.30 and a 12-month high of $69.35. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.29 and a beta of 1.82.

In related news, SVP Christine Ann Wolf purchased 1,690 shares of WESCO International stock in a transaction on Tuesday, August 14th. The shares were purchased at an average price of $59.20 per share, for a total transaction of $100,048.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Blue Harbour Group L.P. boosted its position in shares of WESCO International by 1,096.5% during the 1st quarter. Blue Harbour Group L.P. now owns 1,484,645 shares of the technology company’s stock valued at $92,122,000 after purchasing an additional 1,360,560 shares in the last quarter. Investec Asset Management LTD boosted its position in shares of WESCO International by 6.6% during the 2nd quarter. Investec Asset Management LTD now owns 1,097,115 shares of the technology company’s stock valued at $62,645,000 after purchasing an additional 68,275 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of WESCO International by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 315,900 shares of the technology company’s stock valued at $18,038,000 after purchasing an additional 24,300 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of WESCO International by 4.0% during the 1st quarter. Wells Fargo & Company MN now owns 274,441 shares of the technology company’s stock valued at $17,029,000 after purchasing an additional 10,650 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of WESCO International by 1.5% during the 1st quarter. Northern Trust Corp now owns 251,176 shares of the technology company’s stock valued at $15,584,000 after purchasing an additional 3,680 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

WESCO International Company Profile

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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