WESCO International (WCC) Projected to Post Earnings on Tuesday

WESCO International (NYSE:WCC) is expected 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

WESCO International Trading Down 2.1 %

WCC opened at $181.07 on Tuesday. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.32 and a beta of 2.01. The company’s 50 day simple moving average is $190.45 and its two-hundred day simple moving average is $178.86. WESCO International has a 1-year low of $132.37 and a 1-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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given 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 yield of 0.91%. WESCO International’s payout ratio is 13.21%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WCC shares. KeyCorp raised their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. 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. Jefferies Financial Group increased their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Robert W. Baird lifted their price target on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Oppenheimer upped their price objective on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $215.88.

Insider Transactions at WESCO International

In related news, CFO David S. Schulz sold 14,938 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the transaction, the chief financial officer now owns 104,471 shares of the company’s stock, valued at approximately $21,578,485.05. This represents a 12.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Clayton Geary sold 2,829 shares of WESCO International 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 completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Company insiders own 3.10% 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).