$1.92 Billion in Sales Expected for WESCO International, Inc. (WCC) This Quarter

Equities research analysts expect WESCO International, Inc. (NYSE:WCC) to report $1.92 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for WESCO International’s earnings. The highest sales estimate is $1.92 billion and the lowest is $1.91 billion. WESCO International reported sales of $1.86 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that WESCO International will report full-year sales of $1.92 billion for the current year, with estimates ranging from $7.47 billion to $7.52 billion. For the next financial year, analysts forecast that the company will post sales of $7.84 billion per share, with estimates ranging from $7.72 billion to $7.99 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow WESCO International.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. WESCO International had a return on equity of 9.11% and a net margin of 1.41%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company posted $1.02 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of WESCO International from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Standpoint Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Thursday, August 3rd. UBS AG reiterated a “neutral” rating and issued a $55.00 price objective (down previously from $67.00) on shares of WESCO International in a report on Monday, July 31st. BidaskClub downgraded shares of WESCO International from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Northcoast Research began coverage on shares of WESCO International in a report on Tuesday, July 25th. They issued a “buy” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.46.

In related news, CFO David S. Schulz acquired 4,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $51.57 per share, with a total value of $206,280.00. Following the transaction, the chief financial officer now owns 9,000 shares of the company’s stock, valued at approximately $464,130. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Airain ltd purchased a new position in shares of WESCO International during the 2nd quarter worth approximately $1,983,000. Tudor Investment Corp ET AL purchased a new position in shares of WESCO International during the 1st quarter worth approximately $8,096,000. Parametric Portfolio Associates LLC boosted its position in shares of WESCO International by 5.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 166,246 shares of the technology company’s stock worth $11,562,000 after purchasing an additional 8,852 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of WESCO International during the 1st quarter worth approximately $146,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of WESCO International by 4.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 294,000 shares of the technology company’s stock worth $16,846,000 after purchasing an additional 13,300 shares during the period. 98.17% of the stock is owned by hedge funds and other institutional investors.

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Shares of WESCO International (WCC) opened at 54.25 on Friday. The company’s 50 day moving average price is $51.30 and its 200-day moving average price is $59.97. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 25.72 and a beta of 1.77. WESCO International has a 1-year low of $48.95 and a 1-year high of $76.15.

About WESCO International

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

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Earnings History and Estimates for WESCO International (NYSE:WCC)

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