WESCO International, Inc. (WCC) To Go Ex-Dividend on June 13th

WESCO International, Inc. (NYSE:WCC) declared a quarterly dividend on Thursday, May 29th, RTT News reports. Investors of record on Friday, June 13th will be given a dividend of 0.4538 per share by the technology company on Monday, June 30th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, June 13th.

WESCO International has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WESCO International to earn $15.86 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 11.5%.

WESCO International Trading Up 1.6%

Shares of WCC opened at $179.36 on Wednesday. The stock has a market capitalization of $8.75 billion, a PE ratio of 13.72, a P/E/G ratio of 1.45 and a beta of 1.83. The company’s fifty day moving average is $160.64 and its 200 day moving average is $175.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $216.17.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.27 billion. WESCO International had a return on equity of 13.63% and a net margin of 3.29%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. Sell-side analysts expect that WESCO International will post 13.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WCC shares. JPMorgan Chase & Co. dropped their price target on shares of WESCO International from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Loop Capital reduced their price target on WESCO International from $250.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Royal Bank of Canada boosted their price objective on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, February 12th. Finally, KeyCorp reduced their target price on WESCO International from $245.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

About WESCO International

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).