Computacenter (LON:CCC) Posts Earnings Results

Computacenter (LON:CCC) issued its quarterly earnings results on Wednesday. The company reported GBX 161.50 ($2.09) EPS for the quarter, Digital Look Earnings reports. Computacenter had a return on equity of 17.61% and a net margin of 2.64%.

Computacenter Stock Down 0.5 %

LON CCC opened at GBX 2,610 ($33.84) on Friday. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. Computacenter has a 52 week low of GBX 2,020 ($26.19) and a 52 week high of GBX 3,004 ($38.95). The business’s fifty day simple moving average is GBX 2,232.15 and its 200-day simple moving average is GBX 2,286.03. The firm has a market cap of £2.77 billion, a PE ratio of 17.46, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be paid a GBX 474 ($6.15) dividend. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Computacenter’s previous dividend of $23.30. This represents a dividend yield of 1.83%. Computacenter’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

CCC has been the subject of a number of research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,425 ($31.44) target price on shares of Computacenter in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,400 ($44.09) price objective on shares of Computacenter in a research note on Tuesday, December 17th.

About Computacenter

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.