Headlines about PC Connection (NASDAQ:CNXN) have been trending positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PC Connection earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.5522475229947 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of PC Connection (NASDAQ:CNXN) opened at $26.96 on Friday. The stock has a market capitalization of $716.25, a PE ratio of 15.41, a P/E/G ratio of 1.56 and a beta of 1.60. PC Connection has a twelve month low of $23.52 and a twelve month high of $30.48.
PC Connection (NASDAQ:CNXN) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $729.23 million for the quarter, compared to analyst estimates of $727.84 million. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. equities analysts expect that PC Connection will post 1.81 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 28th.
Several analysts recently issued reports on CNXN shares. ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research lowered PC Connection from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, BidaskClub lowered PC Connection from a “hold” rating to a “sell” rating in a report on Thursday, January 4th.
In other PC Connection news, CEO Timothy J. Mcgrath sold 5,805 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total value of $155,864.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy J. Mcgrath sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $26.85, for a total value of $260,445.00. Following the completion of the sale, the chief executive officer now owns 207,207 shares in the company, valued at approximately $5,563,507.95. The disclosure for this sale can be found here. Insiders sold 16,628 shares of company stock worth $447,259 in the last 90 days. Corporate insiders own 57.30% of the company’s stock.
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About PC Connection
PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.
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