WESCO International (NYSE:WCC) Posts Earnings Results, Misses Estimates By $0.02 EPS

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

WESCO International Price Performance

Shares of WESCO International stock traded up $4.54 during trading on Thursday, reaching $163.46. 315,776 shares of the stock traded hands, compared to its average volume of 762,346. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.45 and a beta of 1.92. The business has a fifty day simple moving average of $156.86 and a two-hundred day simple moving average of $179.28. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International has a 52-week low of $125.21 and a 52-week high of $216.17.

WESCO International Increases Dividend

The business also recently announced 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 a positive change from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.11%. WESCO International's dividend payout ratio is currently 13.69%.

Analyst Upgrades and Downgrades

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