WESCO International (WCC) to Release Earnings on Thursday

WESCO International (NYSE:WCC - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect WESCO International to post earnings of $3.29 per share for the quarter. WESCO International has set its FY 2024 guidance at 12.000-13.000 EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $3.21 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.27). The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.55 billion. WESCO International had a net margin of 3.30% and a return on equity of 14.44%. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $3.71 EPS. On average, analysts expect WESCO International to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

WESCO International Price Performance

WESCO International stock traded up $2.86 during trading hours on Thursday, reaching $177.54. 640,821 shares of the stock were exchanged, compared to its average volume of 694,895. The company has a current ratio of 2.28, a quick ratio of 1.34 and a debt-to-equity ratio of 1.07. WESCO International has a twelve month low of $122.30 and a twelve month high of $195.43. The company has a market cap of $8.73 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.44 and a beta of 2.03. The stock has a 50 day moving average of $165.17 and a two-hundred day moving average of $166.75.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.4125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.93%. WESCO International's dividend payout ratio is 12.81%.

Insider Buying and Selling at WESCO International

In other news, Director Steven A. Raymund sold 5,819 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total transaction of $998,307.64. Following the sale, the director now directly owns 27,004 shares in the company, valued at approximately $4,632,806.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WCC shares. Baird R W upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. KeyCorp dropped their price objective on WESCO International from $205.00 to $195.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Robert W. Baird upgraded WESCO International from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $522.00 to $550.00 in a research report on Wednesday, October 16th. Stephens reissued an "overweight" rating and set a $190.00 target price on shares of WESCO International in a research note on Monday, August 5th. Finally, Royal Bank of Canada increased their target price on shares of WESCO International from $171.00 to $187.00 and gave the stock a "sector perform" rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $243.86.

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).