WESCO International (NYSE:WCC) Posts Quarterly Earnings Results, Beats Estimates By $0.36 EPS

WESCO International (NYSE:WCC - Get Free Report) announced its earnings results on Thursday. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.36, Briefing.com reports. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the company posted $4.49 EPS. WESCO International's quarterly revenue was down 2.7% on a year-over-year basis.

WESCO International Stock Performance

Shares of NYSE WCC traded down $3.80 during midday trading on Friday, reaching $188.17. 927,268 shares of the company traded hands, compared to its average volume of 736,339. The stock has a 50-day moving average price of $168.15 and a 200 day moving average price of $167.47. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.59 and a beta of 2.01. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.34. WESCO International has a 52 week low of $131.38 and a 52 week high of $195.99.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International's dividend payout ratio (DPR) is 13.21%.

Insider Activity at WESCO International

In related news, Director Steven A. Raymund sold 5,819 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $171.56, for a total transaction of $998,307.64. Following the transaction, the director now owns 27,004 shares in the company, valued at $4,632,806.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other WESCO International news, EVP Nelson John Squires III sold 10,000 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $190.00, for a total value of $1,900,000.00. Following the completion of the sale, the executive vice president now directly owns 54,621 shares of the company's stock, valued at approximately $10,377,990. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $171.56, for a total transaction of $998,307.64. Following the completion of the transaction, the director now directly owns 27,004 shares in the company, valued at $4,632,806.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WCC shares. KeyCorp raised their price target on shares of WESCO International from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday. Royal Bank of Canada raised their target price on shares of WESCO International from $186.00 to $199.00 and gave the stock a "sector perform" rating in a report on Friday. Stephens reaffirmed an "overweight" rating and set a $190.00 target price on shares of WESCO International in a report on Monday, August 5th. Robert W. Baird raised their price target on WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Oppenheimer upped their price objective on WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.71.

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).