WESCO International, Inc. (WCC) To Go Ex-Dividend on September 13th

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 paid 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 1.00%. The ex-dividend date of this dividend is Friday, September 13th.

WESCO International has a payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NYSE WCC opened at $165.31 on Friday. The business has a fifty day simple moving average of $162.22 and a 200 day simple moving average of $164.47. The company has a current ratio of 2.28, a quick ratio of 1.34 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.35 and a beta of 2.06. WESCO International has a one year low of $122.30 and a one year high of $195.43.

WESCO International (NYSE:WCC) last issued its earnings results 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 firm had revenue of $5.48 billion during 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%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.71 earnings per share. Sell-side analysts expect that WESCO International will post 12.21 EPS for the current year.

Analyst Ratings Changes

WCC has been the topic of a number of analyst reports. Robert W. Baird lowered their price target on WESCO International from $195.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada decreased their target price on WESCO International from $175.00 to $171.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Oppenheimer increased their target price on 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. Finally, Baird R W cut WESCO International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.71.

About WESCO International

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).