WESCO International (WCC) Projected to Post Quarterly Earnings on Tuesday

WESCO International (NYSE:WCC - Get Free Report) is anticipated to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect WESCO International to post earnings of $3.23 per share and revenue of $5.41 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

WESCO International Price Performance

WCC traded up $1.59 during midday trading on Thursday, hitting $187.78. 535,012 shares of the company traded hands, compared to its average volume of 581,621. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.32 and a beta of 2.01. The business has a 50 day simple moving average of $189.42 and a two-hundred day simple moving average of $179.00. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. WESCO International has a 52-week low of $132.37 and a 52-week high of $216.17.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.88%. WESCO International's dividend payout ratio (DPR) is presently 13.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Robert W. Baird upped their target price on WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on WESCO International from $186.00 to $199.00 and gave the stock a "sector perform" rating in a report on Friday, November 1st. StockNews.com upgraded shares of WESCO International from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, Baird R W upgraded shares of WESCO International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, WESCO International currently has an average rating of "Buy" and an average target price of $215.88.

Insider Activity at WESCO International

In related news, CFO David S. Schulz sold 14,938 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the transaction, the chief financial officer now owns 104,471 shares of the company's stock, valued at $21,578,485.05. This represents a 12.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the sale, the executive vice president now directly owns 35,063 shares of the company's stock, valued at $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

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).