Stocks of Wesco International, Inc. (NYSE:WCC) traded higher last session on Wall Street, up 0.25% to $171.28.
WCC stock price is now 4.45% away from the 50-day moving average and 7.39% away from the 200-day moving average. The market capitalization of the company currently stands at $8.73B.
With the price target reduced from $202 to $173, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Wesco International, Inc. (NYSE: WCC). On October 06, 2023, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $180, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Schulz David S., EVP & CFO sold 1,867 shares of the company’s stock on Mar 01 ’28. The stock was sold for $311,920 at an average price of $167.07. Upon completion of the transaction, the EVP & CFO now directly owns 100,703 shares in the company, valued at $17.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, EVP & GM, Util & Broadband Cameron James sold 5,352 shares of the business’s stock. A total of $836,999 was realized by selling the stock at an average price of $156.39. This leaves the insider owning 33,595 shares of the company worth $5.75 million. A total of 14.49% of the company’s stock is owned by insiders.
During the past 12 months, Wesco International, Inc. has had a low of $121.90 and a high of $195.43. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 2.48, and a quick ratio of 1.42. According to the stock market information, the enterprise value for the company is $14.14B, which is based on a 12.65 price-to-earnings ratio, a 1.27 price-to-earnings-growth ratio, and a beta of 2.06. The fifty day moving average price for WCC is $163.98 and a two-hundred day moving average price translates $159.49 for the stock.
The latest earnings results from Wesco International, Inc. (NYSE: WCC) was released for Dec, 2023. According to the Industrial Distribution Company, earnings per share came in at $2.65, missing analysts’ expectations of $3.86 by -1.21. This compares to $4.16 EPS in the same period last year. The net profit margin was 3.16% and return on equity was 16.13% for WCC. The company reported revenue of $5.47 billion for the quarter, compared to $5.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.53 percent. For the current quarter, analysts expect WCC to generate $5.3B in revenue.
