WESCO International, Inc. (NYSE:WCC) – Investment analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of WESCO International in a research report issued to clients and investors on Thursday. William Blair analyst R. Merkel anticipates that the technology company will post earnings per share of $0.87 for the quarter. William Blair also issued estimates for WESCO International’s Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.25 EPS, Q4 2018 earnings at $1.07 EPS and FY2019 earnings at $4.90 EPS.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. WESCO International had a return on equity of 9.17% and a net margin of 2.52%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share.

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Several other equities analysts have also recently commented on WCC. Zacks Investment Research raised shares of WESCO International from a “sell” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub raised shares of WESCO International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Wolfe Research initiated coverage on shares of WESCO International in a research report on Tuesday, July 11th. They set an “outperform” rating and a $66.00 target price on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of WESCO International in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $70.00 target price (down previously from $84.00) on shares of WESCO International in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.29.

Shares of WESCO International (NYSE WCC) traded down 2.14% during trading on Monday, reaching $61.80. The company’s stock had a trading volume of 257,540 shares. The stock’s 50 day moving average price is $58.53 and its 200-day moving average price is $57.55. WESCO International has a 12 month low of $48.95 and a 12 month high of $76.15. The firm has a market cap of $2.96 billion, a PE ratio of 29.30 and a beta of 1.80.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. grew its stake in WESCO International by 20.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,490,581 shares of the technology company’s stock valued at $142,710,000 after buying an additional 420,292 shares in the last quarter. Investec Asset Management LTD grew its stake in WESCO International by 24.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock valued at $63,236,000 after buying an additional 217,004 shares in the last quarter. Polaris Capital Management LLC grew its stake in WESCO International by 1.5% in the 2nd quarter. Polaris Capital Management LLC now owns 565,111 shares of the technology company’s stock valued at $32,381,000 after buying an additional 8,500 shares in the last quarter. Bank of New York Mellon Corp grew its stake in WESCO International by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 437,185 shares of the technology company’s stock valued at $25,051,000 after buying an additional 22,204 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in WESCO International by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 399,583 shares of the technology company’s stock valued at $23,276,000 after buying an additional 8,560 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

In other WESCO International news, CFO David S. Schulz acquired 4,000 shares of WESCO International stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $51.57 per share, for a total transaction of $206,280.00. Following the purchase, the chief financial officer now owns 9,000 shares of the company’s stock, valued at $464,130. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently 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.

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

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