CDW Corp (CDW) Expected to Post Quarterly Sales of $3.46 Billion

Equities analysts expect CDW Corp (NASDAQ:CDW) to announce sales of $3.46 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for CDW’s earnings. The lowest sales estimate is $3.41 billion and the highest is $3.53 billion. CDW posted sales of $3.32 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The company is expected to issue its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that CDW will report full-year sales of $3.46 billion for the current financial year, with estimates ranging from $15.58 billion to $16.02 billion. For the next year, analysts expect that the company will post sales of $16.47 billion per share, with estimates ranging from $16.38 billion to $16.66 billion. Zacks’ sales averages are an average based on a survey of research firms that cover CDW.

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CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.85 billion. CDW had a return on equity of 65.93% and a net margin of 3.44%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share.

Several equities analysts have recently issued reports on the company. BidaskClub lowered CDW from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. Needham & Company LLC boosted their target price on CDW from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. Robert W. Baird restated a “buy” rating and set a $80.00 target price on shares of CDW in a research report on Wednesday, February 7th. JPMorgan Chase assumed coverage on CDW in a research report on Wednesday, March 7th. They set a “neutral” rating and a $83.00 target price for the company. Finally, ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. CDW currently has an average rating of “Buy” and a consensus price target of $75.78.

Shares of CDW stock traded down $1.77 during trading on Monday, hitting $67.95. 634,298 shares of the company were exchanged, compared to its average volume of 765,917. The firm has a market capitalization of $10,619.54, a P/E ratio of 17.51 and a beta of 1.08. CDW has a 1-year low of $55.80 and a 1-year high of $76.73. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 3.27.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 23rd. CDW’s dividend payout ratio (DPR) is presently 21.65%.

In other news, insider Neil B. Fairfield sold 700 shares of CDW stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $74.26, for a total transaction of $51,982.00. Following the transaction, the insider now owns 3,168 shares in the company, valued at approximately $235,255.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christine A. Leahy sold 4,000 shares of CDW stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $72.23, for a total value of $288,920.00. Following the transaction, the insider now owns 124,677 shares in the company, valued at approximately $9,005,419.71. The disclosure for this sale can be found here. Insiders have sold a total of 54,812 shares of company stock worth $3,952,269 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in CDW by 22.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 748 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in CDW by 2.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock valued at $2,154,000 after acquiring an additional 828 shares in the last quarter. BKD Wealth Advisors LLC lifted its stake in CDW by 15.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock valued at $449,000 after acquiring an additional 880 shares in the last quarter. Amalgamated Bank lifted its stake in CDW by 3.1% in the 4th quarter. Amalgamated Bank now owns 29,903 shares of the information technology services provider’s stock valued at $2,078,000 after acquiring an additional 897 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in CDW by 9.9% in the 4th quarter. Advisor Group Inc. now owns 11,093 shares of the information technology services provider’s stock valued at $771,000 after acquiring an additional 999 shares in the last quarter. Institutional investors and hedge funds own 91.18% of the company’s stock.

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About CDW

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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