Equities research analysts expect PCM Inc (NASDAQ:PCMI) to announce sales of $550.89 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for PCM’s earnings, with estimates ranging from $541.00 million to $560.77 million. PCM posted sales of $546.43 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.8%. The company is expected to announce its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that PCM will report full-year sales of $2.21 billion for the current financial year, with estimates ranging from $2.20 billion to $2.21 billion. For the next financial year, analysts anticipate that the company will report sales of $2.26 billion, with estimates ranging from $2.24 billion to $2.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow PCM.
PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. PCM had a net margin of 1.14% and a return on equity of 19.06%. The firm had revenue of $533.99 million for the quarter, compared to analyst estimates of $533.20 million.
Several research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. BidaskClub raised shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Finally, Roth Capital lowered their target price on shares of Acer Therapeutics from $66.00 to $9.00 in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.67.
Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in PCM by 61.2% during the 1st quarter. Acadian Asset Management LLC now owns 251,009 shares of the specialty retailer’s stock worth $9,193,000 after acquiring an additional 95,272 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PCM by 0.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,025 shares of the specialty retailer’s stock valued at $7,400,000 after purchasing an additional 1,119 shares during the period. AJO LP boosted its holdings in PCM by 99.5% during the 1st quarter. AJO LP now owns 157,392 shares of the specialty retailer’s stock valued at $5,765,000 after acquiring an additional 78,489 shares during the period. Laurion Capital Management LP boosted its holdings in PCM by 132.9% during the 1st quarter. Laurion Capital Management LP now owns 95,267 shares of the specialty retailer’s stock valued at $3,490,000 after acquiring an additional 54,367 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in PCM by 692.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 84,233 shares of the specialty retailer’s stock valued at $3,071,000 after acquiring an additional 73,608 shares during the period. 62.02% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PCMI traded up $0.24 during midday trading on Friday, hitting $34.97. 133,342 shares of the company were exchanged, compared to its average volume of 216,455. The stock has a fifty day moving average of $31.43. PCM has a fifty-two week low of $14.80 and a fifty-two week high of $39.69. 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 firm has a market capitalization of $426.90 million, a P/E ratio of 16.04, a PEG ratio of 0.71 and a beta of 1.37.
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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