CDW (CDW) Scheduled to Post Earnings on Wednesday

CDW (NASDAQ:CDW) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect CDW to post earnings of $2.68 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Trading Down 1.5 %

Shares of CDW stock opened at $217.08 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 3.42 and a beta of 1.03. CDW has a twelve month low of $185.04 and a twelve month high of $263.37. The business has a 50-day moving average price of $221.65 and a 200-day moving average price of $225.26.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio is presently 30.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Citigroup downgraded CDW from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price objective on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.00.

Insiders Place Their Bets

In related news, insider Christine A. Leahy purchased 1,200 shares of CDW stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

About CDW

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.