Analysts predict that CDW (NASDAQ:CDW) will report earnings per share of $0.92 for the current quarter, Zacks reports. Six analysts have made estimates for CDW’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.90. CDW posted earnings of $0.75 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The business is expected to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that CDW will report full year earnings of $4.76 per share for the current fiscal year, with EPS estimates ranging from $4.70 to $4.84. For the next fiscal year, analysts forecast that the firm will post earnings of $5.27 per share, with EPS estimates ranging from $5.16 to $5.36. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for CDW.
CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.85 billion. CDW had a return on equity of 65.93% and a net margin of 3.44%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share.
Several equities research analysts have recently weighed in on CDW shares. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 price objective on shares of CDW in a report on Monday, January 15th. Zacks Investment Research raised CDW from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, JPMorgan Chase started coverage on CDW in a report on Wednesday, March 7th. They issued a “neutral” rating and a $83.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $75.78.
CDW stock opened at $70.65 on Tuesday. The company has a market capitalization of $10,573.99, a PE ratio of 18.21 and a beta of 1.08. CDW has a twelve month low of $55.80 and a twelve month high of $76.73. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.16.
In related news, insider Christina M. Corley sold 4,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $67.81, for a total transaction of $271,240.00. Following the completion of the sale, the insider now directly owns 35,843 shares of the company’s stock, valued at $2,430,513.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Neil B. Fairfield sold 700 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $74.26, for a total value of $51,982.00. Following the sale, the insider now directly owns 3,168 shares of the company’s stock, valued at $235,255.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,091 shares of company stock valued at $2,372,316. Corporate insiders own 2.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in CDW. Parametric Portfolio Associates LLC raised its position in CDW by 4.6% in the third quarter. Parametric Portfolio Associates LLC now owns 313,378 shares of the information technology services provider’s stock worth $20,683,000 after acquiring an additional 13,813 shares in the last quarter. KAMES CAPITAL plc raised its position in CDW by 23.0% in the fourth quarter. KAMES CAPITAL plc now owns 129,307 shares of the information technology services provider’s stock worth $8,988,000 after acquiring an additional 24,157 shares in the last quarter. Atria Investments LLC purchased a new position in CDW in the fourth quarter worth $313,000. USS Investment Management Ltd raised its position in CDW by 60.1% in the fourth quarter. USS Investment Management Ltd now owns 2,476,491 shares of the information technology services provider’s stock worth $172,153,000 after acquiring an additional 929,488 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in CDW by 1.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 814,983 shares of the information technology services provider’s stock worth $56,634,000 after acquiring an additional 14,472 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s 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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