WESCO International (WCC) Earning Somewhat Positive News Coverage, Accern Reports
Media coverage about WESCO International (NYSE:WCC) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WESCO International earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.2849783501444 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Volume Moving the Tape For Shares of Wesco International Inc (WCC) and Morgan Stanley China A Share Fund Inc … – Evergreen Caller (evergreencaller.com)
- Stock Moving Towards 52-Week Low WESCO International, Inc. (NYSE:WCC) – Sparta Review (spartareview.com)
- Reflections On The Current State Of WESCO International, Inc. (WCC), EPR Properties (EPR) – AllStockNews (allstocknews.com)
- Active Stock on Watch: Wesco International Inc (WCC) – Sparta Review (spartareview.com)
- Traders Alert on WESCO International, Inc. (WCC) – Wall Street Morning (wallstreetmorning.com)
WESCO International (NYSE:WCC) opened at 49.85 on Thursday. WESCO International has a 12-month low of $49.05 and a 12-month high of $76.15. The company has a market capitalization of $2.39 billion, a PE ratio of 23.64 and a beta of 1.77. The firm has a 50-day moving average of $53.80 and a 200 day moving average of $62.14.
WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.04. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that WESCO International will post $3.75 EPS for the current fiscal year.
WCC has been the topic of a number of research analyst reports. BidaskClub cut shares of WESCO International from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. TheStreet cut shares of WESCO International from a “b-” rating to a “c” rating in a report on Wednesday, June 14th. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, May 30th. Wolfe Research initiated coverage on shares of WESCO International in a report on Tuesday, July 11th. They issued an “outperform” rating and a $66.00 target price on the stock. Finally, Northcoast Research initiated coverage on shares of WESCO International in a report on Tuesday, July 25th. They issued a “buy” rating and a $70.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.19.
In other news, CFO David S. Schulz bought 4,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $51.57 per share, for a total transaction of $206,280.00. Following the purchase, the chief financial officer now owns 9,000 shares in the company, valued at $464,130. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.
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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