WESCO International, Inc. (NYSE:WCC) Expected to Post Earnings of $1.47 Per Share

Equities analysts predict that WESCO International, Inc. (NYSE:WCC) will post earnings per share of $1.47 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for WESCO International’s earnings, with the highest EPS estimate coming in at $1.60 and the lowest estimate coming in at $1.40. WESCO International reported earnings of $1.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The firm is scheduled to issue its next earnings results on Thursday, November 7th.

On average, analysts expect that WESCO International will report full year earnings of $5.24 per share for the current financial year, with EPS estimates ranging from $5.07 to $5.47. For the next fiscal year, analysts forecast that the company will post earnings of $5.75 per share, with EPS estimates ranging from $5.45 to $6.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow WESCO International.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. WESCO International had a net margin of 2.82% and a return on equity of 10.63%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $1.22 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year.

WCC has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of WESCO International to $54.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Robert W. Baird raised shares of WESCO International from a “neutral” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Thursday, August 22nd. Northcoast Research downgraded shares of WESCO International from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. TheStreet cut shares of WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. Finally, ValuEngine cut shares of WESCO International from a “sell” rating to a “strong sell” rating in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $58.33.

Shares of NYSE WCC traded down $0.77 during mid-day trading on Monday, reaching $48.54. 6,491 shares of the company were exchanged, compared to its average volume of 531,950. WESCO International has a 52 week low of $42.03 and a 52 week high of $63.20. The company has a quick ratio of 1.41, a current ratio of 2.30 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2.03 billion, a PE ratio of 10.03, a PEG ratio of 0.91 and a beta of 1.74. The company’s 50 day moving average price is $45.70 and its 200 day moving average price is $50.49.

Large investors have recently modified their holdings of the stock. Carroll Financial Associates Inc. raised its position in WESCO International by 317.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 697 shares of the technology company’s stock worth $35,000 after purchasing an additional 530 shares during the period. Machina Capital S.A.S. raised its position in WESCO International by 283.4% in the 2nd quarter. Machina Capital S.A.S. now owns 1,986 shares of the technology company’s stock worth $101,000 after purchasing an additional 1,468 shares during the period. Zebra Capital Management LLC purchased a new position in WESCO International in the 2nd quarter worth $242,000. SG Americas Securities LLC purchased a new position in WESCO International in the 1st quarter worth $273,000. Finally, HGK Asset Management Inc. raised its position in WESCO International by 19.3% in the 2nd quarter. HGK Asset Management Inc. now owns 7,179 shares of the technology company’s stock worth $364,000 after purchasing an additional 1,160 shares during the period.

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.

See Also: Why is the ex-dividend date different from the record date?

Get a free copy of the Zacks research report on WESCO International (WCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for WESCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International and related companies with MarketBeat.com's FREE daily email newsletter.