Wall Street brokerages expect CDW (NASDAQ:CDW) to announce earnings per share of $1.58 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CDW’s earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.48. CDW posted earnings per share of $1.42 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that CDW will report full-year earnings of $5.86 per share for the current fiscal year, with EPS estimates ranging from $5.75 to $6.01. For the next financial year, analysts expect that the business will post earnings of $6.35 per share, with EPS estimates ranging from $6.17 to $6.73. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover CDW.
CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.50 billion. CDW had a net margin of 4.07% and a return on equity of 82.78%. CDW’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS.
CDW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of CDW from a “neutral” rating to an “underweight” rating and set a $116.00 target price on the stock. in a research note on Monday, August 5th. They noted that the move was a valuation call. Credit Suisse Group raised their target price on shares of CDW from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. ValuEngine lowered shares of CDW from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America initiated coverage on shares of CDW in a research note on Tuesday, July 30th. They issued a “buy” rating and a $140.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. CDW presently has an average rating of “Buy” and an average target price of $118.13.
NASDAQ:CDW opened at $124.41 on Wednesday. CDW has a 1 year low of $74.32 and a 1 year high of $125.41. The firm’s fifty day simple moving average is $117.89 and its 200 day simple moving average is $110.04. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $17.63 billion, a PE ratio of 24.39, a PEG ratio of 1.66 and a beta of 1.09.
In other CDW news, insider Neil B. Fairfield sold 2,118 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $118.12, for a total value of $250,178.16. Following the sale, the insider now directly owns 7,054 shares in the company, valued at approximately $833,218.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert F. Kirby sold 1,300 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $111.60, for a total transaction of $145,080.00. Following the completion of the sale, the insider now owns 32,470 shares in the company, valued at $3,623,652. The disclosure for this sale can be found here. Insiders sold a total of 130,673 shares of company stock worth $14,744,616 over the last quarter. 2.25% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. acquired a new stake in CDW in the 3rd quarter worth $26,000. Johnson Financial Group Inc. acquired a new stake in CDW in the 2nd quarter worth $28,000. CSat Investment Advisory L.P. acquired a new stake in CDW in the 2nd quarter worth $28,000. Berman Capital Advisors LLC grew its position in CDW by 166.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 277 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in CDW by 478.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 295 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 91.37% 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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