WESCO International (WCC) Projected to Post Quarterly Earnings on Tuesday

WESCO International (NYSE:WCC) is projected to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect WESCO International to post earnings of $3.23 per share and revenue of $5.41 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

WESCO International Stock Down 1.2 %

Shares of WCC opened at $185.60 on Monday. The firm has a 50 day simple moving average of $188.49 and a two-hundred day simple moving average of $179.31. The company has a market cap of $9.09 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.34 and a beta of 2.01. WESCO International has a one year low of $132.37 and a one year high of $216.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.89%. WESCO International’s dividend payout ratio (DPR) is currently 13.21%.

Analyst Ratings Changes

A number of research analysts have issued reports on WCC shares. Stephens lifted their target price on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Oppenheimer lifted their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird increased their price objective on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp boosted their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Baird R W upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $215.88.

Insider Transactions at WESCO International

In other news, EVP William Clayton Geary sold 2,829 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the completion of the sale, the executive vice president now directly owns 35,063 shares in the company, valued at $7,213,510.99. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David S. Schulz sold 14,938 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the completion of the transaction, the chief financial officer now owns 104,471 shares in the company, valued at approximately $21,578,485.05. The trade was a 12.51 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

About WESCO International

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).