Zacks Research Has Pessimistic Outlook of WCC Q4 Earnings

WESCO International, Inc. (NYSE:WCC) – Equities researchers at Zacks Research dropped their Q4 2024 EPS estimates for WESCO International in a note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of $3.25 for the quarter, down from their previous forecast 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.

A number of other brokerages have also weighed in on WCC. Stephens raised their price objective on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. KeyCorp raised their price target on shares of WESCO International from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price target on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Loop Capital boosted their target price on WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, WESCO International presently has an average rating of “Buy” and a consensus target price of $208.86.

WESCO International Stock Performance

NYSE WCC opened at $210.98 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International has a 1-year low of $132.37 and a 1-year high of $216.17. The company has a market cap of $10.34 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.72 and a beta of 2.01. The stock’s 50 day simple moving average is $182.85 and its 200-day simple moving average is $172.43.

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

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.4125 per share. The ex-dividend date was Friday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.78%. WESCO International’s dividend payout ratio is currently 13.21%.

Insider Activity

In other WESCO International news, EVP William Clayton Geary sold 2,829 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the completion of the transaction, the executive vice president now owns 35,063 shares of the company’s stock, valued at $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven A. Raymund sold 5,819 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $171.56, for a total transaction of $998,307.64. Following the completion of the transaction, the director now owns 27,004 shares in the company, valued at approximately $4,632,806.24. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,586 shares of company stock valued at $6,565,762. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WESCO International

Large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of WESCO International by 23,727.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock valued at $251,896,000 after purchasing an additional 1,582,379 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of WESCO International during the second quarter worth $52,782,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 199,975 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in WESCO International in the 2nd quarter valued at approximately $5,916,000. Finally, Geode Capital Management LLC boosted its stake in shares of WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after buying an additional 22,080 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

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).