Computacenter (LON:CCC) Issues Quarterly Earnings Results

Key Points

• Computacenter reported earnings of GBX 52.80 per share for the quarter, with a net margin of 2.64% and return on equity of 17.61%.
• Analysts have a consensus rating of "Moderate Buy" for Computacenter, with a price target average of GBX 2,782.67.
• The stock opened at GBX 2,384 and has a market cap of £2.50 billion, alongside significant price movement over the past year, with a 12-month high of GBX 2,666.20.

Computacenter (LON:CCC - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 52.80 earnings per share (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 Stock Performance

Shares of LON:CCC traded up GBX 57.81 during trading on Friday, hitting GBX 2,299.81. The company's stock had a trading volume of 131,174 shares, compared to its average volume of 818,014. The company has a 50-day moving average of GBX 2,300.68 and a 200-day moving average of GBX 2,390.20. Computacenter has a 12 month low of GBX 2,020 and a 12 month high of GBX 2,666.20. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The firm has a market cap of £2.41 billion, a price-to-earnings ratio of 1,504.12, a P/E/G ratio of 6.99 and a beta of 0.71.

Analyst Ratings Changes

CCC has been the topic of several research analyst reports. UBS Group restated a "buy" rating and set a GBX 2,700 target price on shares of Computacenter in a research note on Friday, September 5th. Jefferies Financial Group restated a "buy" rating and set a GBX 3,200 target price on shares of Computacenter in a research note on Wednesday. Finally, Berenberg Bank restated a "hold" rating and set a GBX 2,425 target price on shares of Computacenter in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,775.

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.