CDW (CDW) to Release Earnings on Wednesday

CDW (NASDAQ:CDW) will announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.68 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). CDW had a return on equity of 62.22% and a net margin of 5.29%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the business earned $2.43 earnings per share. CDW’s revenue was down 3.6% on a year-over-year basis. On average, analysts expect CDW to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

CDW Stock Performance

NASDAQ:CDW opened at $217.01 on Monday. The business’s fifty day moving average is $221.50 and its 200 day moving average is $224.54. The firm has a market cap of $29.17 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.42 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13. CDW has a 52-week low of $185.04 and a 52-week high of $263.37.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s payout ratio is presently 30.96%.

Insiders Place Their Bets

In other news, insider Christine A. Leahy bought 1,200 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CDW. Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and cut their price objective for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Stifel Nicolaus raised their price target on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays decreased their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.