WESCO International - WCC Stock Forecast, Price & News

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). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cable, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

WESCO International Stock Up 0.9 %

Shares of WESCO International stock traded up $1.29 during trading on Tuesday, hitting $143.62. 390,953 shares of the stock traded hands, compared to its average volume of 530,889. The company has a current ratio of 2.12, a quick ratio of 1.24 and a debt-to-equity ratio of 1.23. The stock's fifty day simple moving average is $117.29 and its 200 day simple moving average is $122.31. The firm has a market cap of $7.28 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.88 and a beta of 2.15. WESCO International has a 52-week low of $99.00 and a 52-week high of $144.43.

WESCO International (NYSE:WCC - Get Rating) last posted its earnings results on Thursday, August 4th. The technology company reported $4.19 EPS for the quarter, beating analysts' consensus estimates of $3.81 by $0.38. WESCO International had a net margin of 3.45% and a return on equity of 19.32%. The business had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the firm posted $2.64 EPS. The company's revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities analysts predict that WESCO International will post 16.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WCC. StockNews.com cut shares of WESCO International from a "buy" rating to a "hold" rating in a report on Thursday, July 21st. KeyCorp upped their target price on shares of WESCO International from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, WESCO International presently has a consensus rating of "Buy" and an average target price of $163.75.

Insiders Place Their Bets

In related news, major shareholder Equity Investors Vii L. Green purchased 100,000 shares of the business's stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $133.96 per share, for a total transaction of $13,396,000.00. Following the acquisition, the insider now owns 3,412,258 shares of the company's stock, valued at approximately $457,106,081.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Equity Investors Vii L. Green bought 370,239 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $129.92 per share, with a total value of $48,101,450.88. Following the completion of the transaction, the insider now directly owns 3,287,813 shares of the company's stock, valued at approximately $427,152,664.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Equity Investors Vii L. Green purchased 100,000 shares of the business's stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $133.96 per share, for a total transaction of $13,396,000.00. Following the completion of the acquisition, the insider now directly owns 3,412,258 shares of the company's stock, valued at approximately $457,106,081.68. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.