Wall Street analysts expect PCM Inc (NASDAQ:PCMI) to post $580.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for PCM’s earnings. The highest sales estimate is $585.00 million and the lowest is $576.50 million. PCM posted sales of $586.63 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1%. The business is expected to report its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that PCM will report full year sales of $580.75 million for the current financial year. For the next year, analysts anticipate that the company will post sales of $2.31 billion per share, with estimates ranging from $2.30 billion to $2.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for PCM.
PCM (NASDAQ:PCMI) last posted its earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.23). PCM had a return on equity of 14.90% and a net margin of 0.47%. The business had revenue of $545.50 million for the quarter, compared to analyst estimates of $596.17 million. PCM’s revenue for the quarter was down 6.7% compared to the same quarter last year.
Several research firms have recently weighed in on PCMI. Zacks Investment Research raised PCM from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. B. Riley set a $20.00 price objective on PCM and gave the company a “buy” rating in a research note on Thursday, January 4th. ValuEngine cut PCM from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet cut PCM from a “b-” rating to a “c” rating in a research report on Monday, November 6th. Finally, Roth Capital dropped their target price on PCM from $28.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.73.
PCM (NASDAQ PCMI) opened at $8.55 on Friday. PCM has a one year low of $8.45 and a one year high of $31.20. The company has a market capitalization of $104.26 and a price-to-earnings ratio of 5.78. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc. grew its holdings in shares of PCM by 17.4% in the 4th quarter. Perritt Capital Management Inc. now owns 268,883 shares of the specialty retailer’s stock worth $2,662,000 after acquiring an additional 39,916 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of PCM in the 3rd quarter worth approximately $246,000. Highbridge Capital Management LLC acquired a new stake in shares of PCM in the 3rd quarter worth approximately $312,000. Kestrel Investment Management Corp acquired a new stake in shares of PCM in the 3rd quarter worth approximately $210,000. Finally, Weber Alan W grew its holdings in shares of PCM by 272.4% in the 3rd quarter. Weber Alan W now owns 95,700 shares of the specialty retailer’s stock worth $1,340,000 after acquiring an additional 70,000 shares during the period. Institutional investors and hedge funds own 55.10% of the company’s stock.
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PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector, Canada and United Kingdom.
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