Date | Price Target | Rating | Analyst |
---|---|---|---|
5/29/2024 | $200.00 → $195.00 | Outperform → Neutral | Robert W. Baird |
2/13/2024 | $202.00 → $173.00 | Outperform → Sector Perform | RBC Capital Mkts |
10/6/2023 | $180.00 | Neutral → Overweight | JP Morgan |
5/5/2023 | $180.00 | Neutral → Outperform | Robert W. Baird |
10/17/2022 | $148.00 → $150.00 | Hold → Buy | Jefferies |
2/16/2022 | $160.00 → $170.00 | Buy | Loop Capital |
11/5/2021 | $145.00 → $165.00 | Strong Buy | Raymond James |
11/5/2021 | $140.00 → $165.00 | Overweight | Stephens & Co. |
Robert W. Baird downgraded Wesco from Outperform to Neutral and set a new price target of $195.00 from $200.00 previously
RBC Capital Mkts downgraded Wesco from Outperform to Sector Perform and set a new price target of $173.00 from $202.00 previously
JP Morgan upgraded Wesco from Neutral to Overweight and set a new price target of $180.00
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PITTSBURGH, Aug. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period July 1, 2024 through September 30, 2024
Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentiallySecond quarter operating profit of $324 million; operating margin of 5.9%Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentiallyAdjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOYDivestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024Utilized net proceeds to complete $300 million of share repurchasesOperating cash flow of $523 million for the first six months of 2024PITTSBURGH, Aug. 1, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and sup
PITTSBURGH, July 11, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its second quarter 2024 earnings conference call on Thursday, August 1 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com/, where related materials will be posted prior to the presentation and a replay of the webcast will be available. In addition, Wesco will be hosting its 2024 Investor Day on Thursday, September 26. Additional information, including instructions on how to register for virtual or in-pe
PITTSBURGH, Aug. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period July 1, 2024 through September 30, 2024
Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentiallySecond quarter operating profit of $324 million; operating margin of 5.9%Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentiallyAdjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOYDivestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024Utilized net proceeds to complete $300 million of share repurchasesOperating cash flow of $523 million for the first six months of 2024PITTSBURGH, Aug. 1, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and sup
PITTSBURGH, June 5, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, today announced it has completed the purchase of entroCIM, an innovator in data center and building intelligence software. The initial purchase price was $30 million with the opportunity for an additional earnout based on performance. Additional terms of the transaction were not disclosed. entroCIM's Central Intelligence Manager (CIM) is an HTML5 browser-based application sold as-a-service to connect de
PITTSBURGH, April 12, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its first quarter 2024 earnings conference call on Thursday, May 2 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com/, where related materials will be posted prior to the presentation and a replay of the webcast will be available. Wesco will also be participating in the Oppenheimer Industrial Growth Conference on May 7, Wolfe Research Global Transportation & Industrials Conference on May 21, Barclays L
Oldcastle BuildingEnvelope, Inc. ("OBE" or the "Company") announced today that Bruno Biasiotta will step down as Chief Executive Officer to focus on his health and family. OBE's Chief Financial Officer, Michael (Mike) Marcely, will assume the responsibilities of Interim Chief Executive Officer effective immediately. The Company also announced the appointment of Steve Dean as President – Glass and Glazing Systems. Mr. Dean joins OBE after serving 25 years in senior roles at Wesco International, Inc. (NYSE:WCC) and Anixter International Inc., most recently as Senior Vice President & General Manager – Utility. Raquel Vargas Palmer, Co-Managing Partner of KPS Capital Partners, LP and Chairp
Ken Parks to become Chief Financial Officer of GE Vernova Vic Abate to become Chief Executive Officer of GE Vernova's Wind segment GE Vernova Leadership Team fully staffed ahead of spin-off GE (NYSE:GE) announced today that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE Vernova as the business prepares to launch as an independent company sometime in early 2024. Kenneth "Ken" Parks will join GE Vernova as Chief Financial Officer (CFO), effective October 2, 2023. Ken brings extensive public company CFO experience and 38 years of comprehensive financial leadership to the role, having guided organizat
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5
WESCO Intl (NYSE:WCC) has outperformed the market over the past 5 years by 14.75% on an annualized basis producing an average annual return of 28.13%. Currently, WESCO Intl has a market capitalization of $8.65 billion. Buying $100 In WCC: If an investor had bought $100 of WCC stock 5 years ago, it would be worth $348.08 today based on a price of $170.14 for WCC at the time of writing. WESCO Intl's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and review
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