WESCO International (WCC) to Release Quarterly Earnings on Tuesday

WESCO International (NYSE:WCC) is anticipated to release its earnings data 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

WESCO International Trading Down 1.2 %

NYSE:WCC opened at $185.60 on Monday. The company has a market cap of $9.09 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. WESCO International has a twelve month low of $132.37 and a twelve month high of $216.17. The business has a 50 day moving average price of $188.49 and a two-hundred day moving average price of $179.31. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99.

WESCO International Announces Dividend

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

Insider Activity at WESCO International

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

Analyst Ratings Changes

WCC has been the subject of a number of recent research reports. Baird R W upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Robert W. Baird increased their price target on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group increased their price objective on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Stephens boosted their target price on shares of WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, WESCO International currently has a consensus rating of “Buy” and a consensus target price of $215.88.

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).