Wall Street analysts expect WESCO International, Inc. (NYSE:WCC) to report sales of $1.93 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for WESCO International’s earnings, with estimates ranging from $1.87 billion to $1.94 billion. WESCO International posted sales of $1.79 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is scheduled to report its next earnings report on Thursday, January 25th.

On average, analysts expect that WESCO International will report full year sales of $1.93 billion for the current fiscal year, with estimates ranging from $7.61 billion to $7.62 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.98 billion per share, with estimates ranging from $7.93 billion to $8.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow WESCO International.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis.

A number of brokerages have weighed in on WCC. Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 price target on shares of WESCO International in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Wednesday, December 13th. Credit Suisse Group downgraded shares of WESCO International to a “hold” rating and set a $70.00 price objective on the stock. in a report on Friday, December 15th. Wells Fargo & Company lifted their price objective on shares of WESCO International from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 6th. Finally, Standpoint Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.54.

In other WESCO International news, Director James Louis Singleton sold 3,288 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $64.25, for a total value of $211,254.00. Following the transaction, the director now directly owns 19,477 shares in the company, valued at $1,251,397.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in WCC. Wasatch Advisors Inc. boosted its position in shares of WESCO International by 20.3% in the second quarter. Wasatch Advisors Inc. now owns 2,490,581 shares of the technology company’s stock valued at $142,710,000 after acquiring an additional 420,292 shares during the period. Investec Asset Management LTD lifted its position in WESCO International by 24.5% during the second quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock worth $63,236,000 after purchasing an additional 217,004 shares during the period. Tocqueville Asset Management L.P. lifted its position in WESCO International by 18.4% during the third quarter. Tocqueville Asset Management L.P. now owns 312,715 shares of the technology company’s stock worth $18,216,000 after purchasing an additional 48,700 shares during the period. Airain ltd bought a new stake in WESCO International during the second quarter worth about $1,983,000. Finally, Piedmont Investment Advisors LLC bought a new stake in WESCO International during the second quarter worth about $1,683,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Shares of WESCO International (WCC) traded down $0.75 on Wednesday, reaching $64.25. 276,400 shares of the company’s stock were exchanged, compared to its average volume of 495,109. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.42 and a current ratio of 2.31. WESCO International has a 1 year low of $48.95 and a 1 year high of $76.15. The company has a market capitalization of $3,055.13, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.68 and a beta of 1.95.

WESCO International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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About WESCO International

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

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

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