WESCO International, Inc. (NYSE:WCC) – Investment analysts at Oppenheimer lifted their FY2017 earnings per share (EPS) estimates for WESCO International in a research note issued on Wednesday. Oppenheimer analyst C. Glynn now forecasts that the technology company will post earnings per share of $3.91 for the year, up from their prior forecast of $3.90. Oppenheimer also issued estimates for WESCO International’s Q4 2017 earnings at $1.01 EPS, Q1 2018 earnings at $0.81 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.17 EPS, FY2018 earnings at $4.30 EPS and FY2019 earnings at $4.65 EPS.

WCC has been the topic of a number of other research reports. Wolfe Research downgraded WESCO International from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Wells Fargo & Company increased their price objective on WESCO International from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 6th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $56.00 price objective on shares of WESCO International in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. WESCO International has a consensus rating of “Hold” and an average price target of $68.54.

WESCO International (NYSE WCC) opened at $64.90 on Friday. WESCO International has a 1-year low of $48.95 and a 1-year high of $76.15. The company has a market capitalization of $2,998.73, a PE ratio of 16.53, a PEG ratio of 1.65 and a beta of 1.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company earned $1.05 EPS. WESCO International’s revenue for the quarter was up 7.8% compared to the same quarter last year.

WESCO International announced that its board has authorized a share repurchase program on Wednesday, December 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, Director James Louis Singleton sold 3,288 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $64.25, for a total transaction of $211,254.00. Following the transaction, the director now owns 19,477 shares in the company, valued at approximately $1,251,397.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. lifted its position in WESCO International by 32.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock worth $204,000 after acquiring an additional 866 shares during the period. Quantbot Technologies LP acquired a new stake in WESCO International during the 2nd quarter worth approximately $238,000. Janney Capital Management LLC lifted its position in WESCO International by 47.4% during the 3rd quarter. Janney Capital Management LLC now owns 5,199 shares of the technology company’s stock worth $302,000 after acquiring an additional 1,672 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in WESCO International during the 3rd quarter worth approximately $502,000. Finally, Amalgamated Bank lifted its position in WESCO International by 26.3% during the 2nd quarter. Amalgamated Bank now owns 8,789 shares of the technology company’s stock worth $504,000 after acquiring an additional 1,831 shares during the period. Hedge funds and other institutional investors own 98.79% of the company’s stock.

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WESCO International Company Profile

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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