Zacks Research Analysts Reduce Earnings Estimates for WCC

WESCO International, Inc. (NYSE:WCC) – Investment analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for WESCO International in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the technology company will earn $3.25 per share for the quarter, down from their prior estimate of $3.55. The consensus estimate for WESCO International’s current full-year earnings is $12.22 per share. Zacks Research also issued estimates for WESCO International’s Q1 2025 earnings at $2.34 EPS, Q2 2025 earnings at $3.59 EPS, Q3 2025 earnings at $3.55 EPS, Q4 2025 earnings at $4.01 EPS, FY2025 earnings at $13.50 EPS, Q2 2026 earnings at $4.12 EPS, Q3 2026 earnings at $4.48 EPS and FY2026 earnings at $15.80 EPS.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the business posted $4.49 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis.

A number of other brokerages have also weighed in on WCC. Robert W. Baird raised their price objective on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada upped their price objective on shares of WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Loop Capital raised their target price on shares of WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $208.86.

WESCO International Stock Performance

NYSE WCC opened at $209.86 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. The stock’s 50 day simple moving average is $181.86 and its 200-day simple moving average is $172.16. The company has a market cap of $10.28 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.72 and a beta of 2.01. WESCO International has a 1-year low of $132.37 and a 1-year high of $213.75.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.79%. WESCO International’s dividend payout ratio is currently 13.21%.

Insider Activity

In related news, EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total value of $582,010.17. Following the sale, the executive vice president now directly owns 35,063 shares in the company, valued at approximately $7,213,510.99. The trade was a 7.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Raymund sold 5,819 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total transaction of $998,307.64. Following the transaction, the director now directly owns 27,004 shares of the company’s stock, valued at approximately $4,632,806.24. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,586 shares of company stock valued at $6,565,762. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of WESCO International

Institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its position in shares of WESCO International by 9.9% during the first quarter. Quent Capital LLC now owns 3,703 shares of the technology company’s stock worth $634,000 after buying an additional 333 shares during the period. Redwood Investment Management LLC acquired a new position in WESCO International in the 1st quarter valued at about $639,000. Motley Fool Asset Management LLC purchased a new stake in WESCO International during the first quarter worth about $543,000. GAMMA Investing LLC lifted its position in shares of WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of WESCO International by 860.5% in the second quarter. Harbor Capital Advisors Inc. now owns 12,381 shares of the technology company’s stock valued at $1,963,000 after purchasing an additional 11,092 shares during the period. Institutional investors and hedge funds own 93.76% of the company’s stock.

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).