PC Connection (NASDAQ:CNXN – Get 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:CNXN – Get 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.
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.
- Get a free copy of the StockNews.com research report on PC Connection (CNXN)
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