PCM, Inc. (NASDAQ:PCMI) – Research analysts at B. Riley lifted their Q3 2018 earnings estimates for PCM in a note issued to investors on Thursday, April 26th. B. Riley analyst K. Anderson now expects that the specialty retailer will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.41. B. Riley has a “Buy” rating and a $9.00 price target on the stock.
PCM (NASDAQ:PCMI) last released its earnings results on Wednesday, April 25th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $542.83 million for the quarter, compared to analyst estimates of $539.35 million. PCM had a return on equity of 11.16% and a net margin of 0.08%.
PCMI has been the topic of several other research reports. Zacks Investment Research raised PCM from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Roth Capital set a $15.00 price objective on PCM and gave the stock a “buy” rating in a report on Thursday, March 8th. TheStreet lowered PCM from a “c” rating to a “d+” rating in a report on Thursday, March 8th. Finally, ValuEngine lowered PCM from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $12.00.
Shares of NASDAQ:PCMI opened at $12.25 on Monday. PCM has a 1-year low of $6.90 and a 1-year high of $24.50. The company has a market cap of $147.11, a PE ratio of 11.34, a PEG ratio of 0.35 and a beta of 0.57. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26.
Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP lifted its position in shares of PCM by 43.7% during the 4th quarter. Royce & Associates LP now owns 337,227 shares of the specialty retailer’s stock worth $3,339,000 after buying an additional 102,500 shares during the period. Wells Fargo & Company MN lifted its position in shares of PCM by 2,587.7% during the 3rd quarter. Wells Fargo & Company MN now owns 16,126 shares of the specialty retailer’s stock worth $226,000 after buying an additional 15,526 shares during the period. Perritt Capital Management Inc. lifted its position in shares of PCM by 17.4% during the 4th quarter. Perritt Capital Management Inc. now owns 268,883 shares of the specialty retailer’s stock worth $2,662,000 after buying an additional 39,916 shares during the period. Kestrel Investment Management Corp lifted its position in shares of PCM by 1,232.8% during the 4th quarter. Kestrel Investment Management Corp now owns 199,925 shares of the specialty retailer’s stock worth $1,979,000 after buying an additional 184,925 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of PCM by 29.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 60,292 shares of the specialty retailer’s stock worth $844,000 after buying an additional 13,710 shares during the period. Institutional investors and hedge funds own 53.21% of the company’s stock.
In other news, major shareholder Jb Capital Partners Lp acquired 30,500 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were bought at an average price of $8.07 per share, with a total value of $246,135.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 24.00% of the stock is currently owned by company insiders.
PCM Company Profile
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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