WESCO International (WCC) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WESCO International in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WCC shares.
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7 brokerages have issued 1-year target prices for WESCO International's shares. Their WCC share price forecasts range from $150.00 to $210.00. On average, they expect the company's share price to reach $181.75 in the next year. This suggests a possible upside of 25.3% from the stock's current price.
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WESCO International's stock was trading at $125.20 at the start of the year. Since then, WCC stock has increased by 15.8% and is now trading at $145.03.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our WCC earnings forecast.

WESCO International, Inc. (NYSE:WCC) posted its earnings results on Thursday, August, 3rd. The technology company reported $3.71 EPS for the quarter, missing analysts' consensus estimates of $4.45 by $0.74. The technology company earned $5.75 billion during the quarter, compared to analyst estimates of $5.94 billion. WESCO International had a net margin of 3.81% and a trailing twelve-month return on equity of 19.97%. WESCO International's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $4.19 earnings per share.

WESCO International announced a quarterly dividend on Thursday, August 31st. Stockholders of record on Friday, September 15th will be given a dividend of $0.375 per share on Friday, September 29th. This represents a $1.50 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for WCC.

ETFs with the largest weight of WESCO International (NYSE:WCC) stock in their portfolio include Engine No. 1 Transform Supply Chain ETF (SUPP), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Tema American Reshoring ETF (RSHO), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Thrivent Small-Mid Cap ESG ETF (TSME), VanEck Morningstar SMID Moat ETF (SMOT), Innovator IBD Breakout Opportunities ETF (BOUT) and Invesco Dorsey Wright Momentum ETF (PDP).

WESCO International (NYSE:WCC) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.02%. The dividend payout ratio is 9.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCC will have a dividend payout ratio of 8.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCC.

WESCO International declared that its board has authorized a stock buyback program on Wednesday, June 1st 2022, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 14.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

WESCO International updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $15.00-$16.00 for the period, compared to the consensus estimate of $17.34. The company issued revenue guidance of $22.49 billion-$22.92 billion, compared to the consensus revenue estimate of $23.11 billion.

198 employees have rated WESCO International Chief Executive Officer John J. Engel on Glassdoor.com. John J. Engel has an approval rating of 59% among the company's employees. This puts John J. Engel in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other WESCO International investors own include NVIDIA (NVDA), Walt Disney (DIS), Pfizer (PFE), QUALCOMM (QCOM), Intel (INTC), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Boeing (BA), Chevron (CVX) and Johnson & Johnson (JNJ).

WESCO International trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCC."

WESCO International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (3.05%), Geode Capital Management LLC (1.28%), Bank of New York Mellon Corp (0.81%), Farmers & Merchants Investments Inc. (0.37%), LSV Asset Management (0.36%) and J. L. Bainbridge & Co. Inc. (0.31%). Insiders that own company stock include Christine Ann Wolf, David S Schulz, Diane Lazzaris, Easwaran Sundaram, Equity Investors Vii L Green, Hemant Porwal, James Cameron, James Louis Singleton, John Engel, Lynn M Utter, Nelson John Squires III and Steven A Raymund.
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Shares of WCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WCC stock can currently be purchased for approximately $145.03.

WESCO International (NYSE:WCC) has a market capitalization of $7.45 billion and generates $21.42 billion in revenue each year. The technology company earns $860.47 million in net income (profit) each year or $15.09 on an earnings per share basis.

The company employs 20,000 workers across the globe.

WESCO International's mailing address is 225 WEST STATION SQUARE DRIVE STE 700, PITTSBURGH PA, 15219. The official website for the company is www.wesco.com. The technology company can be reached via phone at (412) 454-2200, via email at investorrelations@wescodist.com, or via fax at 412-454-2595.