Somewhat Favorable Media Coverage Somewhat Unlikely to Affect WESCO International (WCC) Share Price

News headlines about WESCO International (NYSE:WCC) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WESCO International earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 47.1579788384654 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of WESCO International (NYSE WCC) traded up $1.60 on Thursday, hitting $67.30. 498,700 shares of the company were exchanged, compared to its average volume of 489,412. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42. WESCO International has a 12-month low of $48.95 and a 12-month high of $76.15. The stock has a market capitalization of $3,080.00, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.67 and a beta of 1.95.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. WESCO International’s quarterly revenue was up 7.8% on a year-over-year basis. equities analysts anticipate that WESCO International will post 3.87 EPS for the current year.

WESCO International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts have recently commented on WCC shares. Zacks Investment Research cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Wells Fargo & Co increased their target price on shares of WESCO International from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Standpoint Research cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $56.00 target price on shares of WESCO International in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. WESCO International currently has an average rating of “Hold” and a consensus price target of $68.54.

In related news, Director James Louis Singleton sold 3,288 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $64.25, for a total value of $211,254.00. Following the completion of the sale, the director now owns 19,477 shares of the company’s stock, valued at $1,251,397.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

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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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