Computacenter (LON:CCC) Issues Earnings Results

Computacenter (LON:CCC) announced its earnings results on Wednesday. The company reported GBX 161.50 ($2.10) EPS for the quarter, Digital Look Earnings reports. Computacenter had a net margin of 2.64% and a return on equity of 17.61%.

Computacenter Price Performance

Shares of LON:CCC opened at GBX 2,654 ($34.50) on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47. Computacenter has a twelve month low of GBX 2,020 ($26.26) and a twelve month high of GBX 3,004 ($39.05). The company’s 50 day moving average is GBX 2,209.22 and its 200 day moving average is GBX 2,287.53. The company has a market cap of £2.82 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71.

Computacenter Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be issued a GBX 474 ($6.16) dividend. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Computacenter’s previous dividend of $23.30. Computacenter’s dividend payout ratio is 47.51%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 ($31.53) price target on shares of Computacenter in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,400 ($44.20) price target on shares of Computacenter in a report on Tuesday, December 17th.

Computacenter Company Profile

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.