Brokerages predict that CDW common stock (NASDAQ:CDW) will report $1.33 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for CDW common stock’s earnings, with the highest EPS estimate coming in at $1.36 and the lowest estimate coming in at $1.30. CDW common stock reported earnings per share of $1.08 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The firm is scheduled to announce its next earnings report on Wednesday, November 7th.
On average, analysts expect that CDW common stock will report full-year earnings of $4.97 per share for the current financial year, with EPS estimates ranging from $4.95 to $4.99. For the next year, analysts forecast that the company will post earnings of $5.42 per share, with EPS estimates ranging from $5.30 to $5.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow CDW common stock.
CDW common stock (NASDAQ:CDW) last posted its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.16 billion. CDW common stock had a return on equity of 71.09% and a net margin of 3.99%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share.
CDW has been the subject of several research analyst reports. Zacks Investment Research raised CDW common stock from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, May 8th. Morgan Stanley increased their price objective on CDW common stock from $78.00 to $89.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Needham & Company LLC increased their price target on CDW common stock from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 price target on shares of CDW common stock in a report on Monday, July 23rd. Finally, BidaskClub downgraded CDW common stock from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $87.00.
In other CDW common stock news, insider Christina V. Rother sold 4,000 shares of the stock in a transaction on Monday, June 11th. The stock was sold at an average price of $84.67, for a total value of $338,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christina M. Corley sold 14,900 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $83.89, for a total value of $1,249,961.00. Following the completion of the transaction, the insider now owns 51,077 shares of the company’s stock, valued at approximately $4,284,849.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,202 shares of company stock valued at $9,905,669. Corporate insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Private Capital Group LLC increased its position in shares of CDW common stock by 351.3% in the first quarter. Private Capital Group LLC now owns 1,426 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 1,110 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of CDW common stock in the first quarter valued at $159,000. Stratos Wealth Partners LTD. increased its position in shares of CDW common stock by 469.8% in the first quarter. Stratos Wealth Partners LTD. now owns 2,587 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 2,133 shares in the last quarter. Bank of Hawaii purchased a new position in shares of CDW common stock in the second quarter valued at $209,000. Finally, Profund Advisors LLC purchased a new position in shares of CDW common stock in the first quarter valued at $211,000. Hedge funds and other institutional investors own 89.18% of the company’s stock.
CDW stock opened at $87.71 on Friday. The company has a market capitalization of $13.25 billion, a PE ratio of 19.85 and a beta of 1.06. CDW common stock has a twelve month low of $58.57 and a twelve month high of $89.17. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.36 and a quick ratio of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 24th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 23rd. CDW common stock’s dividend payout ratio is presently 21.65%.
About CDW common stock
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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