Is Wesco International, Inc. (NYSE: WCC) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock.

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Stocks Info

Wesco International, Inc. is listed on the NYSE in the Industrials sector while operating in the Industrial Distribution industry. The current market capitalization of Wesco International, Inc. is $7.89B. A total of 0.72 million shares were traded on the day, compared to an average of 532.15K shares.

In the most recent transaction, Schulz David S. sold 1,867 shares of WCC for 167.07 per share on Mar 01 ’28. After the transaction, the EVP & CFO now owns 100,703 company shares. In a previous transaction on Feb 08 ’24, Squires Nelson John III sold 3,490 shares at 190.00 per share. WCC shares that EVP & GM, EES owns now total 54,385.

Among the insiders who sold shares, Porwal Hemant disposed of 13,000 shares on Nov 29 ’23 at a per-share price of $154.12. This resulted in the EVP Supply Chain & Operations holding 14,089 shares of WCC after the transaction. In another insider transaction, Sundaram Easwaran sold 1,052 shares at $152.83 per share on Aug 09 ’23. Company shares held by the Director now total 9,461.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Wesco International, Inc. pays an annual dividend of $1.50, resulting in a dividend yield of 0.97%, and it has a price to earnings (P/E) ratio of 11.44. WCC’s most recent ex-dividend date was 3/14/2024 when it declared a $0.4125 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The WCC stock dividend was $0.3750 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, WCC has a high of $195.43 and a low of $121.90.

As of this writing, WCC has an earnings estimate of $2.78 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $3.57 per share and a lower estimate of $2.25. The company reported an EPS of $4.49 in the last quarter, which was 15.70% higher than expectations of $3.88.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. WCC’s latest balance sheet shows that the firm has $212.58M in Cash & Short Term Investments as of fiscal 2021. There were $5.13B in debt and $3.05B in liabilities at the time. Its Book Value Per Share was $98.97, while its Total Shareholder’s Equity was $3.78B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.78.

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