As of close of business last night, Wesco International, Inc.’s stock clocked out at $165.51, down -0.90% from its previous closing price of $167.02. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 594938 shares were traded.
Ratios:
To gain a deeper understanding of WCC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 2.48. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on February 13, 2024, Downgraded its rating to Sector Perform and sets its target price to $173 from $202 previously.
On October 06, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $180.
Robert W. Baird Upgraded its Neutral to Outperform on May 05, 2023, while the target price for the stock was maintained at $180.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 01 ’28 when Schulz David S. sold 1,867 shares for $167.07 per share. The transaction valued at 311,920 led to the insider holds 100,703 shares of the business.
Cameron James sold 5,352 shares of WCC for $836,999 on Mar 11 ’24. The EVP & GM, Util & Broadband now owns 33,595 shares after completing the transaction at $156.39 per share. On Feb 08 ’24, another insider, Squires Nelson John III, who serves as the EVP & GM, EES of the company, sold 3,490 shares for $190.00 each. As a result, the insider received 663,100 and left with 54,385 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WCC now has a Market Capitalization of 8.43B and an Enterprise Value of 13.87B. As of this moment, Wesco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.22, and their Forward P/E ratio for the next fiscal year is 9.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 0.62 whereas that against EBITDA is 8.88.
Stock Price History:
Over the past 52 weeks, WCC has reached a high of $195.43, while it has fallen to a 52-week low of $121.90. The 50-Day Moving Average of the stock is 163.63, while the 200-Day Moving Average is calculated to be 159.68.
Shares Statistics:
It appears that WCC traded 614.42K shares on average per day over the past three months and 529.83k shares per day over the past ten days. A total of 50.90M shares are outstanding, with a floating share count of 43.57M. Insiders hold about 14.49% of the company’s shares, while institutions hold 81.97% stake in the company. Shares short for WCC as of Mar 28, 2024 were 1.27M with a Short Ratio of 2.07, compared to 873.32k on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.50% and a Short% of Float of 2.90%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.50, WCC has a forward annual dividend rate of 1.54. Against a Trailing Annual Dividend Yield of 0.90%, it implies a Forward Annual Dividend Yield of 0.93%. The current Payout Ratio is 11.08% for WCC, which recently paid a dividend on Mar 29, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on May 11, 1999 when the company split stock in a 1:57 ratio.
Earnings Estimates
As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.75 for the current quarter, with a high estimate of $3.57 and a low estimate of $2.25, while EPS last year was $3.75. The consensus estimate for the next quarter is $3.78, with high estimates of $4.06 and low estimates of $3.5.
Analysts are recommending an EPS of between $15.05 and $13.7 for the fiscal current year, implying an average EPS of $14.44. EPS for the following year is $16.68, with 12 analysts recommending between $17.62 and $15.64.
Revenue Estimates
In the current quarter, 10 analysts expect revenue to total $5.3B. It ranges from a high estimate of $5.42B to a low estimate of $5.2B. As of the current estimate, Wesco International, Inc.’s year-ago sales were $5.52B, an estimated decrease of -4.00% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $5.78B, a decrease of -2.70% over than the figure of -$4.00% in the same quarter last year. There is a high estimate of $5.96B for the next quarter, whereas the lowest estimate is $5.55B.
A total of 11 analysts have provided revenue estimates for WCC’s current fiscal year. The highest revenue estimate was $23.06B, while the lowest revenue estimate was $22.03B, resulting in an average revenue estimate of $22.71B. In the same quarter a year ago, actual revenue was $22.39B, up 1.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $23.64B in the next fiscal year. The high estimate is $24.37B and the low estimate is $22.81B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.
