Analysts expect WESCO International, Inc. (NYSE:WCC) to report $0.88 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for WESCO International’s earnings, with estimates ranging from $0.85 to $0.91. WESCO International reported earnings per share of $0.76 during the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The firm is expected to issue its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that WESCO International will report full-year earnings of $4.64 per share for the current financial year, with EPS estimates ranging from $4.30 to $4.80. For the next fiscal year, analysts expect that the business will report earnings of $5.28 per share, with EPS estimates ranging from $4.97 to $5.83. Zacks’ EPS calculations are an average based on a survey of research analysts that cover WESCO International.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. WESCO International had a return on equity of 9.10% and a net margin of 2.13%. WESCO International’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS.

WCC has been the topic of several analyst reports. KeyCorp restated a “buy” rating and set a $64.00 price objective on shares of WESCO International in a report on Thursday, October 12th. Standpoint Research downgraded 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. Robert W. Baird restated a “hold” rating and set a $67.00 price objective on shares of WESCO International in a report on Friday, October 27th. Wolfe Research downgraded WESCO International from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Finally, Wells Fargo & Co lifted their price objective on WESCO International from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. WESCO International has an average rating of “Hold” and an average price target of $68.92.

In other news, Director James Louis Singleton sold 3,288 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 19,477 shares in the company, valued at approximately $1,251,397.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of WESCO International by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 211,054 shares of the technology company’s stock valued at $12,294,000 after acquiring an additional 2,600 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of WESCO International in the 2nd quarter valued at approximately $1,683,000. Polaris Capital Management LLC increased its holdings in shares of WESCO International by 1.5% in the 2nd quarter. Polaris Capital Management LLC now owns 565,111 shares of the technology company’s stock valued at $32,381,000 after acquiring an additional 8,500 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of WESCO International by 18.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 172,295 shares of the technology company’s stock valued at $9,873,000 after acquiring an additional 26,415 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of WESCO International by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 399,583 shares of the technology company’s stock valued at $23,276,000 after acquiring an additional 8,560 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

WESCO International (NYSE WCC) opened at $61.55 on Tuesday. The company has a market capitalization of $2,989.33, a P/E ratio of 18.26, a P/E/G ratio of 1.37 and a beta of 1.86. The company has a current ratio of 2.31, a quick ratio of 1.42 and a debt-to-equity ratio of 0.65. WESCO International has a 52-week low of $48.95 and a 52-week high of $73.30.

WESCO International announced that its board has initiated a stock repurchase program on Wednesday, December 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are 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.

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

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