WESCO International (WCC) Receives News Sentiment Rating of 0.16
Media stories about WESCO International (NYSE:WCC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WESCO International earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.9247144862276 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of WESCO International (NYSE WCC) opened at 56.15 on Friday. WESCO International has a 1-year low of $48.95 and a 1-year high of $76.15. The firm’s 50-day moving average price is $51.51 and its 200 day moving average price is $59.58. The company has a market capitalization of $2.69 billion, a PE ratio of 26.62 and a beta of 1.77.
WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.91 billion. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS. Equities analysts predict that WESCO International will post $3.74 EPS for the current fiscal year.
WCC has been the subject of several recent research reports. BidaskClub cut WESCO International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. TheStreet cut WESCO International from a “b-” rating to a “c” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, May 30th. Wolfe Research initiated coverage on WESCO International in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $66.00 price target for the company. Finally, Northcoast Research initiated coverage on WESCO International in a research note on Tuesday, July 25th. They issued a “buy” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $68.46.
In other news, CFO David S. Schulz purchased 4,000 shares of WESCO International stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $51.57 per share, for a total transaction of $206,280.00. Following the transaction, the chief financial officer now directly owns 9,000 shares of the company’s stock, valued at $464,130. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.
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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