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 of Directors has initiated a share buyback program 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

WESCO International, Inc. (NYSE:WCC) posted its quarterly earnings results on Thursday, October, 31st. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the 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 firm's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. 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 equities research analysts have issued 1 year price targets for WESCO International's shares. Their forecasts range from $45.00 to $63.00. On average, they anticipate WESCO International's share price to reach $54.00 in the next twelve months. This suggests that the stock has a possible downside of 1.0%. 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.

News stories about WCC stock have been trending very negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WESCO International earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for WESCO International.

WESCO International saw a decline in short interest in September. As of September 30th, there was short interest totalling 942,000 shares, a decline of 15.9% from the August 30th total of 1,120,000 shares. Based on an average daily trading volume, of 461,500 shares, the short-interest ratio is currently 2.0 days. Currently, 2.2% of the shares of the stock are short sold. 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), 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 many different of retail and institutional investors. Top institutional shareholders 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 $54.52.

WESCO International has a market capitalization of $2.28 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]