WESCO International - WCC Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WESCO International in the last twelve months. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WCC shares.
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6 brokers have issued 1 year price targets for WESCO International's stock. Their WCC share price forecasts range from $150.00 to $200.00. On average, they predict the company's stock price to reach $189.00 in the next year. This suggests a possible upside of 33.4% 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 13.2% and is now trading at $141.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our WCC earnings forecast.

WESCO International, Inc. (NYSE:WCC) released its quarterly earnings results on Tuesday, February, 14th. The technology company reported $4.13 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.32. The technology company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. WESCO International had a net margin of 4.02% and a trailing twelve-month return on equity of 21.61%. WESCO International's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.17 EPS.

WESCO International announced a quarterly dividend on Friday, March 3rd. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.375 per share on Friday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for WCC.

ETFs with the largest weight of WESCO International (NYSE:WCC) stock in their portfolio include First Trust Dorsey Wright Momentum & Value ETF (DVLU), Invesco DWA Industrials Momentum ETF (PRN), Qraft AI-Enhanced Next Value ETF (NVQ), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), VanEck Morningstar SMID Moat ETF (SMOT), Thrivent Small-Mid Cap ESG ETF (TSME), BlackRock Future U.S. Themes ETF (BTHM) and Inspire Fidelis Multi Factor ETF (FDLS).

WESCO International (NYSE:WCC) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.09%. The dividend payout ratio is 9.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCC will have a dividend payout ratio of 8.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCC.

WESCO International announced that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

WESCO International updated its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of $16.80-$18.30 for the period, compared to the consensus EPS estimate of $16.51. The company issued revenue guidance of $22.70 billion-$23.35 billion, compared to the consensus revenue estimate of $22.20 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 variety of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (3.71%), Geode Capital Management LLC (1.17%), LSV Asset Management (0.41%), Twin Tree Management LP (0.00%), Eagle Asset Management Inc. (0.37%) and Farmers & Merchants Investments Inc. (0.37%). Insiders that own company stock include Christine Ann Wolf, David S Schulz, 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 $141.72.

WESCO International (NYSE:WCC) has a market capitalization of $7.24 billion and generates $21.42 billion in revenue each year. The technology company earns $860.47 million in net income (profit) each year or $15.34 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.