Brokerages expect that CDW (NASDAQ:CDW) will announce earnings of $1.33 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for CDW’s earnings. The highest EPS estimate is $1.36 and the lowest is $1.30. CDW posted earnings of $1.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that CDW will report full year earnings of $4.97 per share for the current year, with EPS estimates ranging from $4.95 to $4.99. For the next year, analysts expect that the business will post earnings of $5.42 per share, with EPS estimates ranging from $5.30 to $5.51. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow CDW.
CDW (NASDAQ:CDW) last issued its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.24 by $0.14. CDW had a return on equity of 71.09% and a net margin of 3.99%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $1.03 earnings per share. CDW’s quarterly revenue was up 7.6% compared to the same quarter last year.
CDW has been the topic of a number of research analyst reports. Zacks Investment Research lowered CDW from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Needham & Company LLC lifted their price target on CDW from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Morgan Stanley lifted their price target on CDW from $78.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. ValuEngine lowered CDW from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $92.00 price target on shares of CDW in a research note on Monday, July 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.00.
In related news, insider Christina M. Corley sold 14,900 shares of CDW stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $85.44, for a total transaction of $1,273,056.00. Following the transaction, the insider now owns 51,077 shares in the company, valued at $4,364,018.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas E. Richards sold 16,667 shares of CDW stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $88.92, for a total value of $1,482,029.64. Following the transaction, the insider now owns 616,742 shares in the company, valued at approximately $54,840,698.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,068 shares of company stock worth $9,629,759. 2.60% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in CDW by 45.7% during the second quarter. Toronto Dominion Bank now owns 15,267 shares of the information technology services provider’s stock worth $1,233,000 after buying an additional 4,790 shares in the last quarter. Bank of New York Mellon Corp lifted its position in CDW by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 868,395 shares of the information technology services provider’s stock worth $70,158,000 after buying an additional 59,184 shares in the last quarter. SG Americas Securities LLC lifted its position in CDW by 185.0% during the second quarter. SG Americas Securities LLC now owns 31,306 shares of the information technology services provider’s stock worth $2,529,000 after buying an additional 20,321 shares in the last quarter. UBS Group AG lifted its position in CDW by 17.1% during the first quarter. UBS Group AG now owns 33,324 shares of the information technology services provider’s stock worth $2,343,000 after buying an additional 4,875 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in CDW during the second quarter worth approximately $6,258,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.
CDW traded up $2.00 during trading on Friday, hitting $82.37. The company’s stock had a trading volume of 655,864 shares, compared to its average volume of 829,903. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 3.00. CDW has a twelve month low of $65.59 and a twelve month high of $90.50. The firm has a market cap of $13.46 billion, a P/E ratio of 21.23 and a beta of 1.06.
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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