PC Connection (NASDAQ:CNXN) will issue its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.70 per share for the quarter.
PC Connection (NASDAQ:CNXN) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. PC Connection had a return on equity of 12.51% and a net margin of 2.44%. The company had revenue of $632.92 million during the quarter, compared to analyst estimates of $647.08 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. PC Connection’s revenue was up 1.3% on a year-over-year basis. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ CNXN opened at $32.89 on Wednesday. PC Connection has a 12 month low of $27.04 and a 12 month high of $43.05. The company has a quick ratio of 2.07, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $881.72 million, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The stock’s 50-day simple moving average is $34.15.
CNXN has been the subject of several recent analyst reports. Zacks Investment Research lowered Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. BidaskClub lowered YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.00.
PC Connection Company Profile
PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.
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