News coverage about PCM (NASDAQ:PCMI) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PCM earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 45.9098916668224 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
PCMI has been the subject of several recent research reports. Zacks Investment Research raised PCM from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, May 9th. ValuEngine upgraded PCM from a “strong sell” rating to a “sell” rating in a report on Monday, June 11th. B. Riley boosted their target price on PCM to $25.00 in a report on Thursday, July 26th. Finally, TheStreet upgraded PCM from a “d+” rating to a “c” rating in a report on Thursday, July 26th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.33.
PCMI traded down $0.55 on Thursday, hitting $21.10. The company had a trading volume of 888 shares, compared to its average volume of 171,177. PCM has a 1-year low of $6.90 and a 1-year high of $25.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.01. The firm has a market cap of $272.34 million, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 0.56 and a beta of 0.81.
PCM (NASDAQ:PCMI) last posted its earnings results on Wednesday, July 25th. The specialty retailer reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.26. PCM had a return on equity of 13.96% and a net margin of 0.33%. The firm had revenue of $546.43 million during the quarter, compared to analyst estimates of $569.98 million. analysts anticipate that PCM will post 2.02 earnings per share for the current fiscal year.
In other news, Director Thomas A. Maloof sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $24.45, for a total transaction of $122,250.00. Following the completion of the transaction, the director now directly owns 70,500 shares in the company, valued at $1,723,725. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Simon M. Abuyounes sold 19,699 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $22.29, for a total value of $439,090.71. Following the transaction, the insider now owns 59,463 shares of the company’s stock, valued at $1,325,430.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,860 shares of company stock valued at $3,499,092. Corporate insiders own 26.80% of the company’s stock.
PCM Company Profile
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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