WESCO International (WCC) Earns Daily Coverage Optimism Rating of 0.08

Press coverage about WESCO International (NYSE:WCC) has been trending somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WESCO International earned a news impact score of 0.08 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.1100846932012 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several equities research analysts have weighed in on the company. Standpoint Research cut WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. Credit Suisse Group set a $70.00 price objective on WESCO International and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Zacks Investment Research cut WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price objective on shares of WESCO International in a report on Friday, October 27th. Finally, KeyCorp reissued a “buy” rating and issued a $64.00 target price on shares of WESCO International in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.54.

Shares of WESCO International (NYSE:WCC) traded down $2.25 during trading hours on Wednesday, hitting $64.80. The stock had a trading volume of 449,059 shares, compared to its average volume of 473,286. WESCO International has a 12-month low of $48.95 and a 12-month high of $76.15. The company has a market cap of $3,160.00, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.53 and a beta of 1.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. analysts forecast that WESCO International will post 3.88 earnings per share for the current fiscal year.

WESCO International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, Director James Louis Singleton sold 3,288 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $64.25, for a total value of $211,254.00. Following the completion of the transaction, the director now owns 19,477 shares of the company’s stock, valued at approximately $1,251,397.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

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WESCO International Company Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Insider Buying and Selling by Quarter for WESCO International (NYSE:WCC)

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