Analysts expect that WESCO International, Inc. (NYSE:WCC) will report earnings per share (EPS) of $1.26 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for WESCO International’s earnings, with estimates ranging from $1.23 to $1.34. WESCO International reported earnings per share of $1.03 in the same quarter last year, which would suggest a positive year over year growth rate of 22.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that WESCO International will report full year earnings of $4.81 per share for the current financial year, with EPS estimates ranging from $4.76 to $4.90. For the next fiscal year, analysts anticipate that the business will report earnings of $5.51 per share, with EPS estimates ranging from $5.15 to $5.80. Zacks’ earnings per share averages are an average based on a survey of analysts that follow WESCO International.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.05. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WESCO International had a return on equity of 10.09% and a net margin of 2.35%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS.

Several equities research analysts recently commented on WCC shares. Zacks Investment Research raised WESCO International from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, November 30th. Standpoint Research raised WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Royal Bank of Canada reissued a “hold” rating and issued a $61.00 price target on shares of WESCO International in a research note on Friday, November 2nd. UBS Group upped their target price on WESCO International from $68.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, Robert W. Baird decreased their target price on WESCO International from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.75.

Shares of NYSE WCC traded down $1.23 during trading hours on Friday, hitting $49.93. The stock had a trading volume of 658,872 shares, compared to its average volume of 445,102. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.06 and a beta of 1.86. WESCO International has a 52 week low of $47.44 and a 52 week high of $69.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.38.

A number of institutional investors have recently made changes to their positions in WCC. Aperio Group LLC boosted its position in WESCO International by 3.6% during the second quarter. Aperio Group LLC now owns 39,591 shares of the technology company’s stock worth $2,261,000 after purchasing an additional 1,383 shares during the period. Bowling Portfolio Management LLC bought a new stake in WESCO International during the second quarter worth approximately $3,111,000. SG Americas Securities LLC boosted its position in WESCO International by 66.4% during the second quarter. SG Americas Securities LLC now owns 4,398 shares of the technology company’s stock worth $251,000 after purchasing an additional 1,755 shares during the period. Canada Pension Plan Investment Board boosted its position in WESCO International by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 315,900 shares of the technology company’s stock worth $18,038,000 after purchasing an additional 24,300 shares during the period. Finally, LSV Asset Management boosted its position in WESCO International by 18.8% during the second quarter. LSV Asset Management now owns 90,300 shares of the technology company’s stock worth $5,156,000 after purchasing an additional 14,300 shares during the period. 96.67% of the stock is owned by hedge funds and other institutional investors.

WESCO International Company Profile

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.

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

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