There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for WESCO International Inc. (WCC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.08, or -0.75%, to $142.92. The WESCO International Inc. has recorded 4,188 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Wesco Announces 2023 First Quarter Earnings Call.
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This NYSE-listed company operates within the Industrial Distribution industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $144.00 and fluctuated between $145.50 as its day high and $141.04 as its day low. The current market capitalization of WESCO International Inc. is $7.32B. A total of 0.51 million shares were traded on the day, compared to an average of 558.48K shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, WCC has seen 36 BUY and 50 SELL insider trades, representing the acquisition of 466,995 and the disposition of 348,792 shares. Over the last 12 months, there were 81 BUYs and 59 SELLs from insiders. Insiders purchased 1,283,452 shares during that period but sold 395,552.
In the most recent transaction, Schulz David S. sold 1,867 shares of WCC for 167.07 per share on Mar 01. After the transaction, the EVP & CFO now owns 100,703 company shares. In a previous transaction on Mar 08, Squires Nelson John III sold 613 shares at 171.16 per share. WCC shares that EVP & GM, EES owns now total 73,021.
Among the insiders who sold shares, Squires Nelson John III disposed of 4,665 shares on Mar 07 at a per-share price of $170.25. This resulted in the EVP & GM, EES holding 73,198 shares of WCC after the transaction. In another insider transaction, Schulz David S. sold 12,295 shares at $166.86 per share on Feb 28. Company shares held by the EVP & CFO now total 102,570.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. WESCO International Inc. pays an annual dividend of $1.50, resulting in a dividend yield of 1.04%, and it has a price to earnings (P/E) ratio of 9.38. WCC’s most recent ex-dividend date was 3/14/2023 when it declared a $0.3750 quarterly dividend that was paid in cash on 3/31/2023.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WCC in the last 3 months, the mean price target is $197.50 with high estimates of $215.00 and low estimates of $170.00. In terms of 52-week highs and lows, WCC has a high of $175.00 and a low of $99.00.
As of this writing, WCC has an earnings estimate of $3.53 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $3.78 per share and a lower estimate of $3.25. The company reported an EPS of $4.49 in the last quarter, which was 1.60% higher than expectations of $4.42.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WCC’s latest balance sheet shows that the firm has $212.58M in Cash & Short Term Investments as of fiscal 2021. There were $4.71B in debt and $3.05B in liabilities at the time. Its Book Value Per Share was $87.68, while its Total Shareholder’s Equity was $3.78B.
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 4.38. A total of 8 analysts rated the stock as Buy while 1 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.