CDW (CDW) Set to Announce Quarterly Earnings on Wednesday

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

CDW Price Performance

Shares of CDW stock opened at $217.08 on Wednesday. The company’s fifty day simple moving average is $221.65 and its two-hundred day simple moving average is $225.26. CDW has a 12-month low of $185.04 and a 12-month high of $263.37. The firm has a market cap of $29.18 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given 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 30.96%.

Insider Buying and Selling at CDW

In other news, insider Christine A. Leahy acquired 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $216.15 per share, with a total value of $259,380.00. Following the transaction, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup lowered CDW from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $250.00 to $245.00 in a research note on Tuesday, October 1st. Stifel Nicolaus upped their target price on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays lowered their target price on CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.