WESCO International (WCC) Issues FY18 Earnings Guidance
WESCO International (NYSE:WCC) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of 4.05-4.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.30. WESCO International also updated its FY17 guidance to 3.75-3.95 EPS.
A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of WESCO International from a hold rating to a buy rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of WESCO International from a buy rating to a hold rating in a report on Tuesday. UBS upped their price objective on shares of WESCO International from $55.00 to $65.00 and gave the company a neutral rating in a report on Friday, October 27th. Wells Fargo & Company upped their price objective on shares of WESCO International from $67.00 to $75.00 and gave the company an outperform rating in a report on Friday, October 27th. Finally, Wolfe Research lowered shares of WESCO International from an outperform rating to a market perform rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $68.38.
WESCO International (WCC) opened at $63.70 on Wednesday. The company has a market cap of $3,012.83, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.95. WESCO International has a 1 year low of $48.95 and a 1 year high of $76.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42.
WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.09. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.93 billion. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. equities research analysts forecast that WESCO International will post 3.87 EPS for the current fiscal year.
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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