[PRNewswire] WESCO International Inc (NYSE:WCC)(TREND ANALYSIS) a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, will announce second quarter 2015 earnings on Thursday, July 23, 2015, before the opening of the New York Stock Exchange. The Company will host a conference call at 11:00 A.M. Eastern Time that day to discuss the earnings results.
The call will be available via conference call as well as a live audio webcast that can be accessed by clicking on the microphone icon on WESCO’s home page at www.wesco.com. The call replay will be available on the WESCO website through 9:00 A.M., July 30, 2015.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
WESCO International Inc (NYSE:WCC) stock is currently trading 22.15% below its 52-week-high, 5.15% above its 52-week-low. The 1-year stock price history is in the range of $65.38 – $88.31. WESCO International Inc (WCC) has a price to earnings ratio of 13.43 versus Services sector average of 19.84. WCC stock price has underperformed the S&P 500 by 9.9%. The Distribution & Wholesale company is currently valued at $3.04 billion and its share price closed the last trading session at $68.75. The stock has a 50-day moving average of $72.66 and a 200-day moving average of $70.98.
WESCO International Inc (WCC) current short interest stands at 5.52 million shares. It has increased by 5% from the same period of last month. Around 20% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.61 million shares, the number of days required to cover the short positions stand at 9.1 days.
The company is expected to announce next quarter earnings on July 23, at consensus estimate of $1.16. WESCO International Inc (WCC) reported last quarter earnings on April 23. The Distribution & Wholesale company announced earnings per share of $0.9 against a consensus Street estimate of $1.01, missing estimate by $0.11. This corresponds to an increase of $0.04 compared to the same quarter of the previous fiscal year.
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There are currently eighteen analysts that cover WESCO International Inc stock. Of those eighteen, nine have a Buy rating, nine have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $77.17.
A recent analyst activity consisted of JP Morgan reiterating their Overweight stance on April 28. JP Morgan decreased price target from $76 to $71. This corresponds to a 3.27% upside from the last closing price. On the date of report, the stock closed at $70.8.
Barclays reiterated their Equal-weight stance on April 24, and decreased their price target from $73 to $70. This corresponds to a 1.82% upside from the last closing price. On the date of report, the stock closed at $69.91.
Another research firm was Cleveland Research who downgraded their Buy rating to Neutral on April 20. On the date of report, the stock closed at $69.1.
Company profile
WESCO International, Inc. distributes electrical products and other industrial maintenance, repair, and operating supplies. The Company also provides integrated supply services. WESCO operates branches and distribution centers in the United States, Canada, Puerto Rico, Guam, Mexico, the United Kingdom, and Singapore, which serve customers worldwide.
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