Zacks Research Has Negative Estimate for WCC Q4 Earnings

WESCO International, Inc. (NYSE:WCC) – Equities researchers at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for WESCO International in a note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of $3.25 per share for the quarter, down from their previous estimate of $3.55. The consensus estimate for WESCO International’s current full-year earnings is $12.22 per share. Zacks Research also issued estimates for WESCO International’s Q1 2025 earnings at $2.34 EPS, Q2 2025 earnings at $3.59 EPS, Q3 2025 earnings at $3.55 EPS, Q4 2025 earnings at $4.01 EPS, FY2025 earnings at $13.50 EPS, Q2 2026 earnings at $4.12 EPS, Q3 2026 earnings at $4.48 EPS and FY2026 earnings at $15.80 EPS.

Other equities analysts also recently issued reports about the company. KeyCorp boosted their price objective on WESCO International from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Baird R W raised WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Stephens increased their price objective on shares of WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Loop Capital raised their target price on shares of WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, WESCO International has a consensus rating of “Buy” and an average target price of $208.86.

WESCO International Stock Up 1.6 %

WCC opened at $213.19 on Monday. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.72 and a beta of 2.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. The firm’s fifty day moving average is $182.85 and its 200 day moving average is $172.43. WESCO International has a fifty-two week low of $132.37 and a fifty-two week high of $216.17.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.49 EPS.

Institutional Trading of WESCO International

A number of institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of WESCO International by 71.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in WESCO International by 1.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock valued at $728,000 after purchasing an additional 71 shares during the last quarter. MetLife Investment Management LLC raised its position in WESCO International by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company’s stock worth $3,881,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. lifted its stake in WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after purchasing an additional 98 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. 93.76% of the stock is currently owned by institutional investors.

Insider Transactions at WESCO International

In related news, CFO David S. Schulz sold 14,938 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total value of $3,085,443.90. Following the completion of the transaction, the chief financial officer now owns 104,471 shares of the company’s stock, valued at approximately $21,578,485.05. This trade represents a 12.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nelson John Squires III sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $190.00, for a total value of $1,900,000.00. Following the sale, the executive vice president now directly owns 54,621 shares in the company, valued at $10,377,990. The trade was a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,586 shares of company stock worth $6,565,762 in the last three months. Insiders own 3.10% of the company’s stock.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.4125 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.77%. WESCO International’s payout ratio is currently 13.21%.

WESCO International Company Profile

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).