WESCO International, Inc. to Issue Quarterly Dividend of $0.41 (NYSE:WCC)

WESCO International, Inc. (NYSE:WCC) declared a quarterly dividend on Thursday, August 29th, RTT News reports. Investors of record on Friday, September 13th will be given a dividend of 0.4125 per share by the technology company on Monday, September 30th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.01%.

WESCO International has a dividend payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WESCO International to earn $15.00 per share next year, which means the company should continue to be able to cover its $1.65 annual dividend with an expected future payout ratio of 11.0%.

WESCO International Price Performance

Shares of NYSE WCC traded down $0.88 during mid-day trading on Thursday, reaching $162.83. 570,242 shares of the company traded hands, compared to its average volume of 690,784. WESCO International has a fifty-two week low of $122.30 and a fifty-two week high of $195.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.28 and a quick ratio of 1.34. The firm has a market cap of $8.00 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.35 and a beta of 2.06. The stock has a fifty day simple moving average of $162.22 and a 200-day simple moving average of $164.67.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.27). The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.55 billion. WESCO International had a net margin of 3.30% and a return on equity of 14.44%. WESCO International’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.71 EPS. Equities research analysts anticipate that WESCO International will post 12.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on WCC shares. Royal Bank of Canada reduced their target price on shares of WESCO International from $175.00 to $171.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Oppenheimer raised their target price on shares of WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Stephens restated an “overweight” rating and set a $190.00 target price on shares of WESCO International in a report on Monday, August 5th. KeyCorp reduced their target price on shares of WESCO International from $205.00 to $195.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Baird R W cut shares of WESCO International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $184.71.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).