CDW Expected to Post Q4 2018 Earnings of $1.14 Per Share (CDW)

CDW (NASDAQ:CDW) – Equities research analysts at William Blair reduced their Q4 2018 earnings per share estimates for shares of CDW in a research report issued on Wednesday, October 31st. William Blair analyst M. Nolan now anticipates that the information technology services provider will earn $1.14 per share for the quarter, down from their previous estimate of $1.20.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, October 31st. The information technology services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. CDW had a return on equity of 70.39% and a net margin of 4.24%. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis.

CDW has been the subject of a number of other reports. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. BidaskClub cut CDW from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Morgan Stanley upped their target price on CDW from $78.00 to $89.00 and gave the company an “equal weight” rating in a research report on Friday, August 3rd. Finally, Raymond James raised CDW from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CDW has an average rating of “Buy” and an average price target of $88.63.

Shares of NASDAQ CDW opened at $88.02 on Monday. The stock has a market capitalization of $13.20 billion, a P/E ratio of 22.69 and a beta of 1.02. The company has a quick ratio of 1.24, a current ratio of 1.41 and a debt-to-equity ratio of 2.75. CDW has a 52-week low of $65.59 and a 52-week high of $92.18.

A number of institutional investors have recently bought and sold shares of CDW. Toronto Dominion Bank raised its stake in shares of CDW by 45.7% during the 2nd 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 raised its stake in shares of CDW by 7.3% during the 2nd 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. Northern Trust Corp raised its stake in shares of CDW by 1.9% during the 2nd quarter. Northern Trust Corp now owns 1,171,168 shares of the information technology services provider’s stock worth $94,620,000 after buying an additional 21,755 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of CDW by 185.0% during the 2nd 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. Finally, Marshall Wace LLP purchased a new position in shares of CDW during the 2nd quarter worth approximately $6,258,000. 89.40% of the stock is owned by institutional investors.

In other CDW news, insider Christina V. Rother sold 4,000 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $85.08, for a total transaction of $340,320.00. Following the completion of the sale, the insider now directly owns 114,231 shares of the company’s stock, valued at approximately $9,718,773.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Richards sold 17,143 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $86.15, for a total value of $1,476,869.45. Following the sale, the insider now directly owns 617,218 shares of the company’s stock, valued at $53,173,330.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,168 shares of company stock valued at $7,503,403. Insiders own 2.60% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be given a $0.295 dividend. The ex-dividend date is Friday, November 23rd. This is a boost from CDW’s previous quarterly dividend of $0.21. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.34%. CDW’s dividend payout ratio is 21.65%.

About CDW

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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