WESCO International (NYSE:WCC – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 16.000-17.500 for the period, compared to the consensus estimate of 16.050. The company issued revenue guidance of $25.9 billion-$26.3 billion, compared to the consensus revenue estimate of $25.4 billion.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. DA Davidson began coverage on WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price for the company. Royal Bank Of Canada increased their price target on WESCO International from $411.00 to $421.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat.com, WESCO International presently has a consensus rating of “Buy” and a consensus target price of $341.22.
View Our Latest Stock Analysis on WCC
WESCO International Trading Down 6.5%
WESCO International (NYSE:WCC – Get Free Report) last posted its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.49. The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 earnings per share. Equities research analysts expect that WESCO International will post 15.94 EPS for the current fiscal year.
WESCO International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio (DPR) is currently 14.21%.
Insider Transactions at WESCO International
In related news, EVP Diane Lazzaris sold 9,910 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total transaction of $3,562,446.80. Following the completion of the transaction, the executive vice president owned 19,611 shares in the company, valued at $7,049,762.28. The trade was a 33.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David S. Schulz sold 31,951 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the sale, the chief financial officer directly owned 77,038 shares of the company’s stock, valued at $27,767,576.72. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its position in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in WESCO International in the fourth quarter valued at about $56,000. Danske Bank A S acquired a new stake in WESCO International in the third quarter worth about $127,000. EverSource Wealth Advisors LLC boosted its holdings in WESCO International by 95.6% in the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after acquiring an additional 368 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after acquiring an additional 60 shares during the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
WESCO International Company Profile
WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.
In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.
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