Brokerages Expect PCM Inc (PCMI) Will Announce Earnings of $0.84 Per Share

Wall Street analysts expect PCM Inc (NASDAQ:PCMI) to report earnings of $0.84 per share for the current quarter, Zacks reports. Two analysts have issued estimates for PCM’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.77. PCM posted earnings of $0.82 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The firm is scheduled to report its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that PCM will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.65. For the next fiscal year, analysts anticipate that the business will post earnings of $3.00 per share, with EPS estimates ranging from $2.99 to $3.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow PCM.

PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.11. The business had revenue of $533.99 million during the quarter, compared to analysts’ expectations of $533.20 million. PCM had a net margin of 1.14% and a return on equity of 19.06%.

PCMI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, January 17th. BidaskClub upgraded shares of PCM from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Roth Capital upped their price target on shares of PCM from $24.20 to $29.60 and gave the company a “buy” rating in a research report on Thursday, February 7th. TheStreet upgraded shares of PCM from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. Finally, B. Riley restated a “buy” rating on shares of PCM in a research report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $28.87.

Several large investors have recently modified their holdings of PCMI. Morgan Stanley lifted its position in PCM by 216.6% in the 3rd quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock worth $4,444,000 after buying an additional 155,518 shares in the last quarter. Renaissance Technologies LLC lifted its position in PCM by 520.7% in the 1st quarter. Renaissance Technologies LLC now owns 162,000 shares of the specialty retailer’s stock worth $5,934,000 after buying an additional 135,900 shares in the last quarter. BlackRock Inc. lifted its position in PCM by 69.3% in the 3rd quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock worth $5,318,000 after buying an additional 111,375 shares in the last quarter. Acadian Asset Management LLC lifted its position in PCM by 61.2% in the 1st quarter. Acadian Asset Management LLC now owns 251,009 shares of the specialty retailer’s stock worth $9,193,000 after buying an additional 95,272 shares in the last quarter. Finally, AJO LP lifted its position in PCM by 99.5% in the 1st quarter. AJO LP now owns 157,392 shares of the specialty retailer’s stock worth $5,765,000 after buying an additional 78,489 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

PCM stock opened at $28.55 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $340.49 million, a PE ratio of 12.24, a P/E/G ratio of 0.57 and a beta of 1.09. PCM has a 12-month low of $11.50 and a 12-month high of $39.69.

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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