Analysts Expect CDW (CDW) to Announce $1.10 EPS

Brokerages expect CDW (NASDAQ:CDW) to announce $1.10 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for CDW’s earnings. The highest EPS estimate is $1.14 and the lowest is $0.98. CDW posted earnings per share of $1.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is expected to announce its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that CDW will report full-year earnings of $5.64 per share for the current year, with EPS estimates ranging from $5.50 to $5.70. For the next year, analysts expect that the company will post earnings of $6.08 per share, with EPS estimates ranging from $6.01 to $6.14. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CDW.

CDW (NASDAQ:CDW) last posted its earnings results on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 74.63%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share.

A number of brokerages have recently commented on CDW. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research lowered shares of CDW from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, BidaskClub lowered shares of CDW from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.20.

Shares of NASDAQ CDW traded down $2.71 during midday trading on Friday, reaching $95.87. 693,482 shares of the company were exchanged, compared to its average volume of 698,828. The stock has a market cap of $14.10 billion, a PE ratio of 18.80 and a beta of 1.05. CDW has a one year low of $67.44 and a one year high of $99.29. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.19 and a current ratio of 1.35.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.23%. CDW’s dividend payout ratio (DPR) is presently 23.14%.

In other news, insider Christina M. Corley sold 3,567 shares of CDW stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $96.70, for a total transaction of $344,928.90. Following the transaction, the insider now owns 643,052 shares in the company, valued at $62,183,128.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christina V. Rother sold 4,000 shares of CDW stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $80.65, for a total transaction of $322,600.00. Following the transaction, the insider now owns 51,077 shares in the company, valued at approximately $4,119,360.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,577 shares of company stock worth $9,384,699. 2.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CDW. Russell Investments Group Ltd. lifted its holdings in CDW by 18.4% in the third quarter. Russell Investments Group Ltd. now owns 18,193 shares of the information technology services provider’s stock valued at $1,615,000 after buying an additional 2,831 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in CDW by 73.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 59,128 shares of the information technology services provider’s stock valued at $5,257,000 after buying an additional 25,037 shares during the period. Bessemer Group Inc. lifted its holdings in CDW by 149.5% in the third quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock valued at $115,000 after buying an additional 776 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in CDW by 2.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 483,333 shares of the information technology services provider’s stock valued at $42,978,000 after buying an additional 10,430 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in CDW by 8.0% in the third quarter. Toronto Dominion Bank now owns 16,489 shares of the information technology services provider’s stock valued at $1,466,000 after buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

CDW Company Profile

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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