PC Connection (CNXN) to Release Earnings on Thursday

PC Connection (NASDAQ:CNXNGet Rating) is scheduled to release its earnings data after the market closes on Thursday, May 5th. Analysts expect PC Connection to post earnings of $0.64 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

PC Connection (NASDAQ:CNXNGet Rating) last announced its earnings results on Monday, February 7th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. PC Connection had a return on equity of 10.43% and a net margin of 2.42%. The company had revenue of $800.17 million for the quarter, compared to the consensus estimate of $771.41 million. During the same period last year, the business posted $0.62 EPS. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

PC Connection stock opened at $48.95 on Thursday. PC Connection has a 1-year low of $40.08 and a 1-year high of $54.79. The company has a market cap of $1.29 billion, a PE ratio of 18.40 and a beta of 0.64. The stock’s 50 day moving average price is $51.39 and its 200 day moving average price is $47.23.

In related news, Chairman Patricia Gallup sold 7,496 shares of PC Connection stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $49.19, for a total transaction of $368,728.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 32,383 shares of company stock valued at $1,603,935. 58.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in PC Connection by 40.8% during the fourth quarter. Barclays PLC now owns 19,463 shares of the company’s stock worth $840,000 after purchasing an additional 5,644 shares during the last quarter. BlackRock Inc. raised its holdings in PC Connection by 1.2% during the fourth quarter. BlackRock Inc. now owns 2,393,075 shares of the company’s stock worth $103,215,000 after purchasing an additional 29,104 shares during the last quarter. Deutsche Bank AG raised its holdings in PC Connection by 5.6% during the fourth quarter. Deutsche Bank AG now owns 6,734 shares of the company’s stock worth $290,000 after purchasing an additional 360 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of PC Connection by 8.5% in the fourth quarter. Parametric Portfolio Associates LLC now owns 31,114 shares of the company’s stock worth $1,342,000 after acquiring an additional 2,429 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of PC Connection by 18.0% in the fourth quarter. Sei Investments Co. now owns 9,179 shares of the company’s stock worth $396,000 after acquiring an additional 1,400 shares during the last quarter. 41.32% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the company. Sidoti upgraded PC Connection from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Monday, January 24th. StockNews.com assumed coverage on PC Connection in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Zacks Investment Research downgraded PC Connection from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 11th.

About PC Connection (Get Rating)

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.

Featured Stories

Earnings History for PC Connection (NASDAQ:CNXN)

Receive News & Ratings for PC Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with MarketBeat.com's FREE daily email newsletter.