CDW (NASDAQ:CDW) announced a quarterly dividend on Wednesday, May 2nd, Zacks reports. Investors of record on Friday, May 25th will be paid a dividend of 0.21 per share by the information technology services provider on Monday, June 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, May 24th.
CDW stock opened at $78.91 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.35 and a quick ratio of 1.16. CDW has a 1-year low of $77.53 and a 1-year high of $78.61. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 20.34 and a beta of 1.08.
CDW (NASDAQ:CDW) last released its earnings results on Wednesday, May 2nd. The information technology services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. CDW had a net margin of 3.83% and a return on equity of 69.59%. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts predict that CDW will post 4.68 earnings per share for the current fiscal year.
CDW has been the subject of several recent research reports. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Robert W. Baird reiterated a “buy” rating and set a $80.00 target price on shares of CDW in a research note on Wednesday, February 7th. Morgan Stanley lowered their target price on shares of CDW from $72.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of CDW from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $78.50.
In related news, insider Frederick J. Kulevich sold 2,051 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.30, for a total value of $146,236.30. Following the completion of the sale, the insider now owns 16,504 shares of the company’s stock, valued at $1,176,735.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Neal J. Campbell sold 8,542 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $78.37, for a total transaction of $669,436.54. The disclosure for this sale can be found here. Insiders have sold 53,724 shares of company stock valued at $4,058,958 in the last 90 days. Insiders own 2.60% of the company’s stock.
CDW Company Profile
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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