WESCO International (NYSE:WCC) Announces Earnings Results

WESCO International (NYSE:WCC - Get Free Report) released its quarterly earnings results on Thursday. The technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02), Zacks reports. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.30 earnings per share. WESCO International updated its FY 2025 guidance to 12.000-14.500 EPS.

WESCO International Stock Performance

WCC stock traded down $3.68 on Tuesday, hitting $158.91. The company had a trading volume of 792,203 shares, compared to its average volume of 765,627. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.45 and a beta of 1.92. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock's 50-day simple moving average is $157.30 and its 200 day simple moving average is $179.42. WESCO International has a 12-month low of $125.21 and a 12-month high of $216.17.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.4538 per share. This is an increase from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a yield of 1.14%. WESCO International's dividend payout ratio is 13.69%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer lowered their price target on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a research report on Monday. StockNews.com downgraded WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Royal Bank of Canada boosted their target price on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Stephens raised their price target on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, KeyCorp cut their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $215.14.

About WESCO International

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).