WESCO International (WCC) Set to Announce Earnings on Thursday

WESCO International (NYSE:WCC) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect WESCO International to post earnings of $2.43 per share for the quarter. WESCO International has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.86 by ($1.21). The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.59 billion. WESCO International had a return on equity of 17.01% and a net margin of 3.42%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $4.13 earnings per share. On average, analysts expect WESCO International to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

WESCO International Stock Performance

WCC stock opened at $158.25 on Tuesday. The company has a market cap of $8.06 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.10 and a beta of 2.06. WESCO International has a 1 year low of $121.90 and a 1 year high of $195.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.48 and a quick ratio of 1.42. The stock’s fifty day moving average price is $160.02 and its 200-day moving average price is $159.42.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.4125 dividend. This is an increase from WESCO International’s previous quarterly dividend of $0.38. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Thursday, March 14th. WESCO International’s dividend payout ratio (DPR) is 12.19%.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Nelson John Squires III sold 3,490 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the sale, the executive vice president now directly owns 54,385 shares of the company’s stock, valued at $10,333,150. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other WESCO International news, EVP James Cameron sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $156.39, for a total transaction of $836,999.28. Following the sale, the executive vice president now directly owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nelson John Squires III sold 3,490 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $190.00, for a total value of $663,100.00. Following the sale, the executive vice president now directly owns 54,385 shares in the company, valued at $10,333,150. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

WCC has been the topic of a number of research reports. Robert W. Baird lowered their target price on WESCO International from $203.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. lowered their target price on WESCO International from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, March 15th. Oppenheimer lifted their target price on WESCO International from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada downgraded WESCO International from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $202.00 to $173.00 in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.67.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).