Media coverage about WESCO International (NYSE:WCC) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WESCO International earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.5178098751436 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
WESCO International (WCC) opened at $65.75 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.42 and a current ratio of 2.31. The stock has a market capitalization of $3,048.08, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.95. WESCO International has a one year low of $48.95 and a one year high of $76.15.
WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.93 billion. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. equities research analysts predict that WESCO International will post 3.88 earnings per share for the current year.
WESCO International announced that its board has authorized a stock repurchase program on Wednesday, December 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
WCC has been the topic of several analyst reports. Robert W. Baird restated a “hold” rating and issued a $67.00 target price on shares of WESCO International in a research report on Friday, October 27th. Zacks Investment Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, November 14th. KeyCorp restated a “buy” rating and issued a $64.00 target price on shares of WESCO International in a research report on Thursday, October 12th. Wolfe Research cut WESCO International from an “outperform” rating to a “market perform” rating in a research report on Friday, October 27th. Finally, ValuEngine raised WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. 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 currently has a consensus rating of “Hold” and a consensus target price of $68.54.
In other news, Director James Louis Singleton sold 3,288 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $64.25, for a total transaction of $211,254.00. Following the completion of the sale, the director now directly owns 19,477 shares of the company’s stock, valued at approximately $1,251,397.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.
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About WESCO International
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.
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