Media headlines about WESCO International (NYSE:WCC) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. WESCO International earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.1790892337034 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Wesco opts to renew lease at Station Square – Pittsburgh Business Times (bizjournals.com)
- Zacks Investment Research Downgrades WESCO International, Inc. (WCC) to Hold (americanbankingnews.com)
- WESCO International, Inc. (WCC) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- WESCO International Turns the Corner (finance.yahoo.com)
- WESCO (WCC) Surpasses Q3 Earnings and Revenue Estimates (finance.yahoo.com)
WESCO International (WCC) traded up $0.05 during trading on Friday, hitting $62.65. 307,475 shares of the stock traded hands, compared to its average volume of 430,894. The company has a quick ratio of 1.49, a current ratio of 2.39 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3,010.00, a PE ratio of 16.22, a PEG ratio of 1.62 and a beta of 1.95. WESCO International has a twelve month low of $48.95 and a twelve month high of $76.15.
WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WESCO International had a net margin of 2.52% and a return on equity of 9.17%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. equities research analysts forecast that WESCO International will post 3.87 earnings per share for the current year.
Several equities research analysts have commented on WCC shares. Wells Fargo & Company raised their price target on shares of WESCO International from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday. Standpoint Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. UBS Group AG (USA) restated a “neutral” rating and issued a $55.00 price target (down previously from $67.00) on shares of WESCO International in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating on shares of WESCO International in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.46.
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In other WESCO International news, CFO David S. Schulz bought 4,000 shares of WESCO International stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $51.57 per share, for a total transaction of $206,280.00. Following the completion of the acquisition, the chief financial officer now owns 9,000 shares of the company’s stock, valued at approximately $464,130. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company’s stock.
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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