WESCO International Stock Price, Forecast & Analysis (NYSE:WCC)

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

WESCO International declared that its board has initiated a share repurchase plan on Wednesday, December 13th 2017, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

WESCO International, Inc. (NYSE:WCC) announced its quarterly earnings data on Thursday, October, 31st. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.44 by $0.08. The technology company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.15 billion. WESCO International had a net margin of 2.76% and a return on equity of 10.57%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. View WESCO International's Earnings History.

WESCO International is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for WESCO International.

9 brokers have issued 1 year target prices for WESCO International's shares. Their forecasts range from $45.00 to $63.00. On average, they expect WESCO International's stock price to reach $54.00 in the next year. This suggests a possible upside of 0.8% from the stock's current price. View Analyst Price Targets for WESCO International.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WESCO International in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for WESCO International.

Headlines about WCC stock have been trending very negative on Tuesday, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. WESCO International earned a coverage optimism score of -3.9 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for WESCO International.

WESCO International saw a drop in short interest during the month of October. As of October 31st, there was short interest totalling 756,300 shares, a drop of 20.9% from the September 30th total of 956,200 shares. Based on an average trading volume of 407,900 shares, the short-interest ratio is currently 1.9 days. Approximately 1.8% of the shares of the company are sold short. View WESCO International's Current Options Chain.

Some companies that are related to WESCO International include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), Air Lease (AL), MSC Industrial Direct (MSM), GATX (GATX), Aircastle (AYR), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Kaman (KAMN), Rush Enterprises (RUSHA), H&E Equipment Services (HEES), MRC Global (MRC) and DXP Enterprises (DXPE).

Based on aggregate information from My MarketBeat watchlists, some companies that other WESCO International investors own include Activision Blizzard (ATVI), PepsiCo (PEP), QUALCOMM (QCOM), Biogen (BIIB), Costco Wholesale (COST), Gilead Sciences (gild), Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA) and TAKE-TWO INTERACTIVE SOFTWARE (TTWO).

WESCO International's stock is owned by many different of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (3.08%), Foundry Partners LLC (0.51%), Russell Investments Group Ltd. (0.48%), Tocqueville Asset Management L.P. (0.35%), California Public Employees Retirement System (0.27%) and Rhumbline Advisers (0.08%). Company insiders that own WESCO International stock include Christine Ann Wolf, James Louis Singleton, John K Morgan, Lynn M Utter and Sandra Beach Lin. View Institutional Ownership Trends for WESCO International.

WCC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Tocqueville Asset Management L.P., Campbell & CO Investment Adviser LLC, Systematic Financial Management LP, Wedge Capital Management L L P NC, HGK Asset Management Inc. and Selway Asset Management. Company insiders that have sold WESCO International company stock in the last year include James Louis Singleton, John K Morgan and Lynn M Utter. View Insider Buying and Selling for WESCO International.

WCC stock was purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Foundry Partners LLC, Hartford Investment Management Co., California Public Employees Retirement System, SG Americas Securities LLC, Meeder Asset Management Inc., Quadrant Capital Group LLC and Delphi Management Inc. MA. View Insider Buying and Selling for WESCO International.

Shares of WCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of WCC stock can currently be purchased for approximately $53.56.

WESCO International has a market capitalization of $2.24 billion and generates $8.18 billion in revenue each year. The technology company earns $227.34 million in net income (profit) each year or $4.82 on an earnings per share basis. WESCO International employs 9,100 workers across the globe.View Additional Information About WESCO International.

The official website for WESCO International is http://www.wesco.com/.

WESCO International's mailing address is 225 WEST STATION SQUARE DRIVE STE 700, PITTSBURGH PA, 15219. The technology company can be reached via phone at 412-454-2200 or via email at [email protected]