Wall Street brokerages expect WESCO International, Inc. (NYSE:WCC) to post sales of $1.93 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for WESCO International’s earnings. The lowest sales estimate is $1.87 billion and the highest is $1.94 billion. WESCO International posted sales of $1.79 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, February 1st.

On average, analysts expect that WESCO International will report full-year sales of $1.93 billion for the current year, with estimates ranging from $7.61 billion to $7.62 billion. For the next fiscal year, analysts forecast that the firm will report sales of $7.98 billion per share, with estimates ranging from $7.93 billion to $8.02 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WESCO International.

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

A number of research firms recently issued reports on WCC. Zacks Investment Research downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. ValuEngine upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. UBS Group raised their price objective on shares of WESCO International from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Wells Fargo & Co raised their price objective on shares of WESCO International from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Wolfe Research downgraded shares of WESCO International from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. WESCO International presently has an average rating of “Hold” and a consensus price target of $68.54.

Shares of WESCO International (NYSE WCC) opened at $66.60 on Friday. WESCO International has a 1-year low of $48.95 and a 1-year high of $76.15. The company has a current ratio of 2.31, a quick ratio of 1.42 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3,135.03, a PE ratio of 17.25, a P/E/G ratio of 1.54 and a beta of 1.95.

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

In other WESCO International news, Director James Louis Singleton sold 3,288 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $64.25, for a total value of $211,254.00. Following the completion of the transaction, the director now owns 19,477 shares of the company’s stock, valued at approximately $1,251,397.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WCC. Bank of New York Mellon Corp increased its holdings in WESCO International by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 437,185 shares of the technology company’s stock worth $25,051,000 after acquiring an additional 22,204 shares in the last quarter. Neuberger Berman Group LLC increased its stake in WESCO International by 3.4% in the second quarter. Neuberger Berman Group LLC now owns 9,878 shares of the technology company’s stock worth $566,000 after purchasing an additional 326 shares during the period. Systematic Financial Management LP increased its stake in WESCO International by 22.7% in the second quarter. Systematic Financial Management LP now owns 31,130 shares of the technology company’s stock worth $1,784,000 after purchasing an additional 5,765 shares during the period. Capital Fund Management S.A. purchased a new stake in WESCO International in the second quarter worth $1,530,000. Finally, TIAA CREF Investment Management LLC increased its stake in WESCO International by 0.8% in the second quarter. TIAA CREF Investment Management LLC now owns 81,095 shares of the technology company’s stock worth $4,647,000 after purchasing an additional 659 shares during the period. 98.69% of the stock is owned by hedge funds and other institutional investors.

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WESCO International Company Profile

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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