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Wednesday, February 1, 2023

Searching For Real Value In Market Debris At WESCO International Inc. (NYSE: WCC)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for WESCO International Inc. (WCC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $125.73. The WESCO International Inc. has recorded 26,265 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Wesco Declares Quarterly Dividend on Preferred Stock.

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Stocks Info

As a NYSE listed company, WCC falls under the Industrials sector while operating within the Industrial Distribution industry segment. At the end of the last regular session, the stock closed at $125.73 and fluctuated between $127.40 as its day high and $124.42 as its day low. The current market capitalization of WESCO International Inc. is $6.34B. A total of 0.61 million shares were traded on the day, compared to an average of 432.42K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WCC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 68 BUYs and 30 SELLs from insiders. Insiders purchased 950,512 shares during that period but sold 108,995.

In the most recent transaction, Green Equity Investors VII, L. bought 9,941 shares of WCC for 114.78 per share on Sep 29. After the transaction, the 10% Owner now owns 3,470,265 company shares. In a previous transaction on Sep 27, Green Equity Investors VII, L. bought 97,157 shares at 113.90 per share. WCC shares that 10% Owner owns now total 3,464,881.

Among the insiders who bought shares, Green Equity Investors VII, L. acquired of 100,000 shares on Aug 08 at a per-share price of $133.96. This resulted in the 10% Owner holding 3,412,258 shares of WCC after the transaction. In another insider transaction, Green Equity Investors VII, L. bought 129,761 shares at $132.16 per share on Aug 05. Company shares held by the 10% Owner now total 3,358,095.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WCC in the last 3 months, the mean price target is $167.40 with high estimates of $200.00 and low estimates of $145.00. In terms of 52-week highs and lows, WCC has a high of $147.05 and a low of $99.00.

As of this writing, WCC has an earnings estimate of $4.42 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $4.81 per share and a lower estimate of $4.28. The company reported an EPS of $3.63 in the last quarter, which was 63.50% higher than expectations of $2.22.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WCC is Hold with a score of 4.67. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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