Q1 2019 EPS Estimates for WESCO International, Inc. (WCC) Lowered by Analyst

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WESCO International, Inc. (NYSE:WCC) – Investment analysts at Oppenheimer dropped their Q1 2019 EPS estimates for WESCO International in a research note issued to investors on Monday, February 4th. Oppenheimer analyst C. Glynn now expects that the technology company will post earnings per share of $0.97 for the quarter, down from their previous estimate of $1.07. Oppenheimer also issued estimates for WESCO International’s Q2 2019 earnings at $1.43 EPS and Q3 2019 earnings at $1.58 EPS.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. WESCO International had a net margin of 2.78% and a return on equity of 10.45%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company earned $1.03 EPS.

A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of WESCO International from a “strong sell” rating to a “sell” rating in a research report on Monday. Robert W. Baird reduced their price objective on shares of WESCO International from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, November 2nd. Royal Bank of Canada restated a “hold” rating and set a $61.00 price objective on shares of WESCO International in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, November 30th. Finally, Buckingham Research set a $60.00 price objective on shares of WESCO International and gave the stock a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $61.83.

Shares of WCC opened at $54.18 on Wednesday. WESCO International has a fifty-two week low of $43.94 and a fifty-two week high of $66.65. The company has a market capitalization of $2.53 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.01 and a beta of 1.67. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.38 and a quick ratio of 1.50.

A number of hedge funds have recently added to or reduced their stakes in WCC. Frontier Capital Management Co. LLC grew its position in WESCO International by 37.9% in the third quarter. Frontier Capital Management Co. LLC now owns 545,655 shares of the technology company’s stock valued at $33,531,000 after acquiring an additional 149,896 shares during the period. Polaris Capital Management LLC boosted its holdings in shares of WESCO International by 9.6% during the 3rd quarter. Polaris Capital Management LLC now owns 745,058 shares of the technology company’s stock valued at $45,784,000 after acquiring an additional 65,047 shares in the last quarter. Bowling Portfolio Management LLC boosted its holdings in shares of WESCO International by 784.3% during the 4th quarter. Bowling Portfolio Management LLC now owns 58,830 shares of the technology company’s stock valued at $2,824,000 after acquiring an additional 52,177 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of WESCO International by 41.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 169,844 shares of the technology company’s stock valued at $10,437,000 after acquiring an additional 49,797 shares in the last quarter. Finally, James Investment Research Inc. boosted its holdings in shares of WESCO International by 868.4% during the 3rd quarter. James Investment Research Inc. now owns 38,350 shares of the technology company’s stock valued at $2,357,000 after acquiring an additional 34,390 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

About WESCO International

WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.

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