Analysts Anticipate CDW (NASDAQ:CDW) to Post $1.51 EPS

Analysts expect that CDW (NASDAQ:CDW) will post earnings of $1.51 per share for the current quarter, according to Zacks. Six analysts have provided estimates for CDW’s earnings. The lowest EPS estimate is $1.49 and the highest is $1.54. CDW reported earnings of $1.38 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The business is scheduled to issue its next earnings report on Thursday, August 1st.

On average, analysts expect that CDW will report full-year earnings of $5.77 per share for the current fiscal year, with EPS estimates ranging from $5.74 to $5.83. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.23 per share, with EPS estimates ranging from $6.16 to $6.35. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for CDW.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.13. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.77 billion. CDW had a net margin of 4.03% and a return on equity of 77.94%. CDW’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS.

Several analysts have issued reports on the stock. Northcoast Research reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 26th. Deutsche Bank set a $60.00 price target on shares of Taubman Centers and gave the stock a “hold” rating in a report on Tuesday, June 11th. Stifel Nicolaus set a $80.00 price target on shares of CSX and gave the stock a “hold” rating in a report on Wednesday, April 17th. Evercore ISI initiated coverage on shares of Sensata Technologies in a report on Wednesday, June 5th. They issued an “in-line” rating and a $50.00 price target on the stock. Finally, BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. CDW has an average rating of “Buy” and a consensus price target of $107.75.

In related news, insider Robert F. Kirby sold 1,300 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.22, for a total transaction of $151,086.00. Following the transaction, the insider now owns 35,070 shares of the company’s stock, valued at approximately $4,075,835.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Collin B. Kebo sold 3,600 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.28, for a total transaction of $382,608.00. Following the transaction, the insider now directly owns 22,352 shares in the company, valued at approximately $2,375,570.56. The disclosure for this sale can be found here. Insiders sold a total of 139,534 shares of company stock worth $14,332,814 in the last three months. Insiders own 2.25% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CDW. Norges Bank bought a new position in shares of CDW during the 4th quarter valued at $117,816,000. AQR Capital Management LLC grew its holdings in shares of CDW by 65.6% during the 1st quarter. AQR Capital Management LLC now owns 3,418,230 shares of the information technology services provider’s stock valued at $328,150,000 after purchasing an additional 1,354,651 shares during the last quarter. Millennium Management LLC grew its holdings in shares of CDW by 398.5% during the 4th quarter. Millennium Management LLC now owns 643,285 shares of the information technology services provider’s stock valued at $52,138,000 after purchasing an additional 514,231 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of CDW during the 1st quarter valued at $43,686,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of CDW by 208.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 529,600 shares of the information technology services provider’s stock valued at $51,038,000 after purchasing an additional 358,029 shares during the last quarter. 91.26% of the stock is currently owned by institutional investors.

NASDAQ CDW traded down $0.88 on Wednesday, hitting $113.48. The stock had a trading volume of 598,046 shares, compared to its average volume of 790,162. CDW has a 52-week low of $74.32 and a 52-week high of $116.47. The company has a quick ratio of 1.10, a current ratio of 1.29 and a debt-to-equity ratio of 3.61. The company has a market capitalization of $16.93 billion, a P/E ratio of 22.25 and a beta of 1.11. The business has a 50-day moving average of $108.14.

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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