Wall Street analysts predict that CDW (NASDAQ:CDW) will post earnings per share of $1.58 for the current quarter, Zacks reports. Five analysts have provided estimates for CDW’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.65. CDW reported earnings per share of $1.42 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The firm is expected to report its next 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 forecast that the business will report earnings of $6.35 per share, with EPS estimates ranging from $6.17 to $6.73. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow CDW.
CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.10. CDW had a return on equity of 82.78% and a net margin of 4.07%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis.
Several equities analysts have commented on the stock. Bank of America initiated coverage on shares of CDW in a report on Tuesday, July 30th. They issued a “buy” rating and a $140.00 price objective on the stock. Credit Suisse Group boosted their target price on CDW from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. downgraded CDW from a “neutral” rating to an “underweight” rating and set a $116.00 price target on the stock. in a research note on Monday, August 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a research note on Tuesday, August 6th. Finally, Morgan Stanley upped their price target on CDW from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $118.13.
Shares of CDW stock opened at $124.41 on Wednesday. CDW has a 1-year low of $74.32 and a 1-year high of $125.41. The stock’s fifty day moving average price is $117.89 and its 200 day moving average price is $110.04. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.28 and a quick ratio of 1.09. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09.
In other news, insider Thomas E. Richards sold 58,333 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $112.17, for a total transaction of $6,543,212.61. Following the completion of the transaction, the insider now owns 636,109 shares of the company’s stock, valued at $71,352,346.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert F. Kirby sold 1,300 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $111.60, for a total value of $145,080.00. Following the transaction, the insider now directly owns 32,470 shares of the company’s stock, valued at approximately $3,623,652. The disclosure for this sale can be found here. Insiders have sold a total of 130,673 shares of company stock worth $14,744,616 over the last quarter. Company insiders own 2.25% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CDW. North Star Investment Management Corp. purchased a new stake in CDW in the third quarter worth approximately $26,000. Johnson Financial Group Inc. purchased a new stake in CDW in the second quarter worth approximately $28,000. CSat Investment Advisory L.P. purchased a new stake in CDW in the second quarter worth approximately $28,000. Berman Capital Advisors LLC boosted its stake in CDW by 166.3% in the second quarter. Berman Capital Advisors LLC now owns 277 shares of the information technology services provider’s stock worth $30,000 after buying an additional 173 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in CDW by 478.4% in the second quarter. Cullen Frost Bankers Inc. now owns 295 shares of the information technology services provider’s stock worth $33,000 after buying an additional 244 shares in the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.
CDW Company Profile
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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