WESCO International (WCC) Scheduled to Post Quarterly Earnings on Thursday

WESCO International (NYSE:WCC) will announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $3.29 per share for the quarter. WESCO International has set its FY 2024 guidance at 12.000-13.000 EPS.Investors that wish to register for the company’s conference call can do so using this link.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $3.21 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.27). The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.55 billion. WESCO International had a return on equity of 14.44% and a net margin of 3.30%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.71 earnings per share. On average, analysts expect WESCO International to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

WESCO International Stock Down 0.1 %

Shares of WCC opened at $174.69 on Thursday. The firm has a market capitalization of $8.88 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.48 and a beta of 2.03. WESCO International has a 12-month low of $122.30 and a 12-month high of $195.43. The company has a current ratio of 2.28, a quick ratio of 1.34 and a debt-to-equity ratio of 1.07. The firm has a fifty day moving average price of $164.79 and a 200-day moving average price of $166.70.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s dividend payout ratio is currently 13.74%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of WESCO International from $171.00 to $187.00 and gave the company a “sector perform” rating in a research note on Friday, September 27th. KeyCorp decreased their price objective on WESCO International from $205.00 to $195.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Baird R W upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Stephens reiterated an “overweight” rating and issued a $190.00 target price on shares of WESCO International in a report on Monday, August 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.86.

Insider Activity at WESCO International

In other WESCO International news, Director Steven A. Raymund sold 5,819 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the sale, the director now owns 27,004 shares in the company, valued at approximately $4,632,806.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.10% of the stock is owned by 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).