Sidoti Comments on PC Connection’s Q3 Earnings (NASDAQ:CNXN)

PC Connection, Inc. (NASDAQ:CNXN) – Sidoti decreased their Q3 2026 earnings per share estimates for PC Connection in a report released on Thursday, July 30th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings of $1.00 per share for the quarter, down from their prior forecast of $1.06. The consensus estimate for PC Connection’s current full-year earnings is $3.93 per share. Sidoti also issued estimates for PC Connection’s Q4 2026 earnings at $1.00 EPS, FY2026 earnings at $4.08 EPS, Q1 2027 earnings at $0.81 EPS, Q2 2027 earnings at $1.39 EPS, Q3 2027 earnings at $1.17 EPS, Q4 2027 earnings at $1.18 EPS and FY2027 earnings at $4.55 EPS.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.31. PC Connection had a net margin of 3.21% and a return on equity of 11.02%. The business had revenue of $854.00 million for the quarter, compared to the consensus estimate of $764.79 million.

Several other research firms have also issued reports on CNXN. Weiss Ratings upgraded shares of PC Connection from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded PC Connection from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, PC Connection has a consensus rating of “Moderate Buy”.

PC Connection Price Performance

NASDAQ:CNXN opened at $82.49 on Friday. PC Connection has a one year low of $54.97 and a one year high of $88.31. The company has a fifty day moving average price of $73.88 and a 200 day moving average price of $65.81. The stock has a market cap of $2.08 billion, a P/E ratio of 21.82, a PEG ratio of 2.11 and a beta of 0.88.

PC Connection Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. PC Connection’s payout ratio is currently 23.26%.

Insider Transactions at PC Connection

In other news, Chairman Patricia Gallup sold 7,142 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $72.86, for a total value of $520,366.12. Following the completion of the transaction, the chairman owned 7,006,321 shares in the company, valued at approximately $510,480,548.06. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 28,592 shares of company stock valued at $2,048,512. Insiders own 56.60% of the company’s stock.

Hedge Funds Weigh In On PC Connection

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of PC Connection by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 580 shares of the company’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. raised its position in PC Connection by 196.7% in the third quarter. PNC Financial Services Group Inc. now owns 629 shares of the company’s stock worth $39,000 after purchasing an additional 417 shares in the last quarter. Parallel Advisors LLC lifted its stake in PC Connection by 200.4% during the first quarter. Parallel Advisors LLC now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 473 shares during the period. Meeder Asset Management Inc. acquired a new stake in PC Connection during the first quarter valued at approximately $44,000. Finally, Quarry LP acquired a new stake in PC Connection during the third quarter valued at approximately $75,000. 42.85% of the stock is owned by institutional investors.

PC Connection News Summary

Here are the key news stories impacting PC Connection this week:

• Positive Sentiment: The earnings beat, record revenue and record profitability reinforce the company’s operating momentum across its business, government, healthcare and education technology markets. The results may support higher earnings expectations, although analysts currently project full-year EPS of approximately $3.93. PC Connection Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The board declared a quarterly dividend of $0.20 per share, reportedly an increase, payable August 28 to shareholders of record August 11. The dividend provides an annualized payout of $0.80 and an approximately 1% yield, adding shareholder-return support. PC Connection Posts Record Q2 Results and Raises Dividend
• Neutral Sentiment: Despite the strong report, CNXN trades near its 52-week high and at roughly 24 times earnings. The elevated valuation may limit additional upside or encourage profit-taking unless the earnings momentum continues.

PC Connection Company Profile

PC Connection, Inc (NASDAQ: CNXN), now operating under the trade name Connection, is a value-added provider of information technology solutions founded in 1982 and headquartered in Merrimack, New Hampshire. The company offers a broad portfolio of hardware and software products sourced from leading technology vendors, alongside professional services designed to help organizations design, deploy and maintain IT environments.

Connection’s product offerings encompass desktop and notebook computers, servers and storage systems, networking and cybersecurity solutions, as well as cloud and virtualization technologies.