PC Connection (CNXN) to Release Earnings on Wednesday

PC Connection (NASDAQ:CNXN) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

PC Connection (NASDAQ:CNXN) last issued its earnings results on Wednesday, February 14th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. PC Connection had a net margin of 2.92% and a return on equity of 10.55%. The company had revenue of $696.47 million for the quarter, compared to analysts’ expectations of $673.51 million. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PC Connection Price Performance

Shares of PC Connection stock opened at $65.04 on Wednesday. PC Connection has a 1 year low of $38.13 and a 1 year high of $70.55. The firm’s 50-day moving average is $65.33 and its two-hundred day moving average is $63.04. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.79 and a beta of 0.66.

PC Connection Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.10 dividend. This is a boost from PC Connection’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Monday, February 26th. PC Connection’s dividend payout ratio (DPR) is currently 12.66%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th.

About PC Connection

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.