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WESCO International (WCC) Stock Price, News & Analysis

$181.39
+1.81 (+1.01%)
(As of 10/17/2024 ET)

About WESCO International Stock (NYSE:WCC)

Key Stats

Today's Range
$179.35
$182.38
50-Day Range
$149.87
$181.39
52-Week Range
$122.30
$195.43
Volume
665,399 shs
Average Volume
697,695 shs
Market Capitalization
$8.92 billion
P/E Ratio
14.08
Dividend Yield
0.91%
Price Target
$243.86
Consensus Rating
Buy

Company Overview

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). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cables, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

WESCO International Stock Analysis - MarketRank™

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99th Percentile Overall Score

WCC MarketRank™: 

WESCO International scored higher than 99% of companies evaluated by MarketBeat, and ranked 12th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    WESCO International has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    WESCO International has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about WESCO International's stock forecast and price target.
  • Earnings Growth

    Earnings for WESCO International are expected to grow by 17.05% in the coming year, from $12.14 to $14.21 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of WESCO International is 14.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of WESCO International is 14.08, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 261.34.

  • Price to Earnings Growth Ratio

    WESCO International has a PEG Ratio of 1.45. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    WESCO International has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about WESCO International's valuation and earnings.
  • Percentage of Shares Shorted

    2.60% of the float of WESCO International has been sold short.
  • Short Interest Ratio / Days to Cover

    WESCO International has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in WESCO International has recently decreased by 42.29%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    WESCO International has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    WESCO International does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of WESCO International is 12.81%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, WESCO International will have a dividend payout ratio of 11.61% next year. This indicates that WESCO International will be able to sustain or increase its dividend.

  • Read more about WESCO International's dividend.
  • Percentage of Shares Shorted

    2.60% of the float of WESCO International has been sold short.
  • Short Interest Ratio / Days to Cover

    WESCO International has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in WESCO International has recently decreased by 42.29%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    WESCO International has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for WESCO International this week, compared to 4 articles on an average week.
  • Search Interest

    10 people have searched for WCC on MarketBeat in the last 30 days.
  • MarketBeat Follows

    4 people have added WESCO International to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, WESCO International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $998,308.00 in company stock.

  • Percentage Held by Insiders

    Only 3.10% of the stock of WESCO International is held by insiders.

  • Percentage Held by Institutions

    93.76% of the stock of WESCO International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about WESCO International's insider trading history.
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WCC Stock News Headlines

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WCC Stock Analysis - Frequently Asked Questions

WESCO International's stock was trading at $173.88 at the start of the year. Since then, WCC shares have increased by 4.3% and is now trading at $181.39.
View the best growth stocks for 2024 here
.

WESCO International, Inc. (NYSE:WCC) posted its quarterly earnings results on Thursday, August, 1st. The technology company reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.48 by $0.27. The company's quarterly revenue was down 4.6% compared to the same quarter last year.

The following companies are subsidiaries of WESCO International: Anixter International, Atlanta Electrical Distributors, Needham Electric Supply, Hill Country Electric Supply, Hi-Line Utility Supply, Hazmasters, LaPrairie, and more.

Top institutional investors of WESCO International include Handelsbanken Fonder AB (0.15%), SG Americas Securities LLC (0.01%), UMB Bank n.a. and V Square Quantitative Management LLC. Insiders that own company stock include Equity Investors Vii L Green, John Engel, David S Schulz, Diane Lazzaris, Nelson John Squires III, James Louis Singleton, James Cameron, Christine Ann Wolf, Steven A Raymund, Hemant Porwal, Easwaran Sundaram and Matthew S Kulasa.
View institutional ownership trends
.

Shares of WCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that WESCO International investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), CRISPR Therapeutics (CRSP), Pure Storage (PSTG) and Adobe (ADBE).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 9/30 Dividend
9/13/2024
Dividend Payable
9/30/2024
Today
10/17/2024
Next Earnings (Confirmed)
10/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electrical apparatus & equipment
Sub-Industry
Trading Companies & Distributors
CUSIP
95082P10
Employees
20,000
Year Founded
1922

Price Target and Rating

Average Stock Price Target
$243.86
High Stock Price Target
$550.00
Low Stock Price Target
$175.00
Potential Upside/Downside
+34.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$765.50 million
Pretax Margin
4.35%

Debt

Sales & Book Value

Annual Sales
$22.39 billion
Cash Flow
$20.68 per share
Book Value
$98.86 per share

Miscellaneous

Free Float
47,635,000
Market Cap
$8.93 billion
Optionable
Optionable
Beta
2.03

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This page (NYSE:WCC) was last updated on 10/17/2024 by MarketBeat.com Staff
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