Zacks Research Estimates CDW’s FY2028 Earnings (NASDAQ:CDW)

CDW Corporation (NASDAQ:CDW) – Equities researchers at Zacks Research issued their FY2028 earnings estimates for shares of CDW in a research note issued to investors on Wednesday, February 25th. Zacks Research analyst Team anticipates that the information technology services provider will post earnings per share of $11.96 for the year. The consensus estimate for CDW’s current full-year earnings is $9.41 per share.

Other research analysts have also issued reports about the company. Citigroup upped their target price on CDW from $148.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a research note on Tuesday, January 27th. Raymond James Financial raised shares of CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, November 25th. UBS Group dropped their target price on shares of CDW from $190.00 to $162.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of CDW from $170.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $160.43.

CDW Stock Performance

Shares of CDW stock opened at $122.64 on Friday. CDW has a 12-month low of $118.44 and a 12-month high of $192.30. The business’s fifty day simple moving average is $131.29 and its 200-day simple moving average is $146.61. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.77. The company has a market cap of $15.82 billion, a PE ratio of 15.16, a PEG ratio of 1.71 and a beta of 1.08.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 4th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.44 by $0.13. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. CDW’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 EPS.

Hedge Funds Weigh In On CDW

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP boosted its stake in shares of CDW by 255.7% in the third quarter. Marshall Wace LLP now owns 599,248 shares of the information technology services provider’s stock worth $95,448,000 after buying an additional 430,796 shares during the last quarter. SG Americas Securities LLC lifted its holdings in CDW by 1,622.9% in the second quarter. SG Americas Securities LLC now owns 202,238 shares of the information technology services provider’s stock valued at $36,118,000 after acquiring an additional 190,500 shares during the period. Border to Coast Pensions Partnership Ltd purchased a new stake in CDW in the 3rd quarter worth approximately $29,649,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of CDW during the 4th quarter worth approximately $18,948,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of CDW during the 4th quarter worth approximately $16,274,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other CDW news, insider Sona Chawla sold 7,400 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $146.17, for a total transaction of $1,081,658.00. Following the sale, the insider directly owned 28,110 shares of the company’s stock, valued at approximately $4,108,838.70. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, February 25th. This represents a $2.52 dividend on an annualized basis and a yield of 2.1%. CDW’s payout ratio is currently 31.15%.

CDW Company Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.