Computacenter (LON:CCC) Posts Earnings Results

Computacenter (LON:CCC) released its earnings results on Wednesday. The company reported GBX 161.50 ($2.09) earnings per share for the quarter, Digital Look Earnings reports. Computacenter had a return on equity of 17.61% and a net margin of 2.64%.

Computacenter Trading Down 0.5 %

LON CCC traded down GBX 14 ($0.18) on Friday, reaching GBX 2,610 ($33.84). The company had a trading volume of 9,381,426 shares, compared to its average volume of 2,024,033. The stock’s 50 day moving average is GBX 2,232.15 and its 200-day moving average is GBX 2,286.03. The stock has a market cap of £2.77 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. Computacenter has a 52 week low of GBX 2,020 ($26.19) and a 52 week high of GBX 3,004 ($38.95).

Computacenter Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be issued a GBX 474 ($6.15) dividend. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Computacenter’s previous dividend of $23.30. Computacenter’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCC. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 ($31.44) price objective on shares of Computacenter in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,400 ($44.09) price objective on shares of Computacenter in a report on Tuesday, December 17th.

Computacenter Company Profile

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.