WESCO Stock's Growth Slows, Lags Peers
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
WESCO stock has surged 215% since April 2021, outpacing the S&P 500s 57.8% gain. However, organic revenue growth has averaged just 4% YOY for two years, indicating softer demand in its core business. Earnings per share have dropped 5.9% annually, while revenue has risen 2.5%. Free cash flow margins have averaged 1.5% over five years, lagging peers and limiting options for shareholder returns. At 16.5x forward P/E, WESCO is fairly priced but lacks the spark of better investment options.
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