WESCO International, Inc. (NYSE:WCC) – Investment analysts at KeyCorp increased their Q4 2017 earnings per share (EPS) estimates for WESCO International in a report issued on Wednesday. KeyCorp analyst S. Barger now forecasts that the technology company will post earnings per share of $0.95 for the quarter, up from their prior forecast of $0.93. KeyCorp has a “Buy” rating and a $64.00 price target on the stock.

Several other research firms have also commented on WCC. Zacks Investment Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Wells Fargo & Company lifted their price objective on shares of WESCO International from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Standpoint Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. ValuEngine raised shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price objective on shares of WESCO International in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $68.54.

WESCO International (NYSE WCC) opened at $64.90 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.42 and a current ratio of 2.31. The company has a market cap of $3,050.43, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.68 and a beta of 1.95. WESCO International has a one year low of $48.95 and a one year high of $76.15.

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

Several hedge funds have recently added to or reduced their stakes in WCC. D.A. Davidson & CO. raised its holdings in shares of WESCO International by 32.0% in the second quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock valued at $204,000 after acquiring an additional 866 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of WESCO International in the second quarter valued at about $238,000. Janney Capital Management LLC raised its holdings in shares of WESCO International by 47.4% in the third quarter. Janney Capital Management LLC now owns 5,199 shares of the technology company’s stock valued at $302,000 after acquiring an additional 1,672 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of WESCO International in the third quarter valued at about $502,000. Finally, Amalgamated Bank raised its holdings in shares of WESCO International by 26.3% in the second quarter. Amalgamated Bank now owns 8,789 shares of the technology company’s stock valued at $504,000 after acquiring an additional 1,831 shares in the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.

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

WESCO International announced that its board has authorized a stock repurchase plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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