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 announced that its board has initiated a share buyback plan on Wednesday, December 13th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

WESCO International, Inc. (NYSE:WCC) released its quarterly earnings data on Thursday, October, 31st. The technology company reported $1.52 EPS for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.08. The technology company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. WESCO International had a net margin of 2.76% and a return on equity of 10.57%. The business's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 Wall Street analysts have issued 12 month price targets for WESCO International's stock. Their forecasts range from $45.00 to $63.00. On average, they expect WESCO International's share 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.

Media stories about WCC stock have trended very negative on Wednesday, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. WESCO International earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for WESCO International.

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), Applied Industrial Technologies (AIT), Aircastle (AYR), 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 QUALCOMM (QCOM), Activision Blizzard (ATVI), Gilead Sciences (GILD), Micron Technology (MU), NVIDIA (NVDA), Biogen (BIIB), Costco Wholesale (COST), Netflix (NFLX), PepsiCo (PEP) and TAKE-TWO INTERACTIVE SOFTWARE (TTWO).

WESCO International's stock is owned by a variety of 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 $53.57.

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]