FY2025 EPS Estimates for PC Connection Lifted by Sidoti Csr

Key Points

• Sidoti Csr has raised its FY2025 earnings per share estimate for PC Connection, Inc. to $3.51, up from $3.43, surpassing the consensus estimate of $3.33.
• Wall Street Zen downgraded PC Connection from a "buy" to a "hold" rating in a recent research note.
• PC Connection announced a quarterly dividend of $0.15 per share, with a payable date on August 29th and a projected annual dividend yield of 1.0%.

PC Connection, Inc. (NASDAQ:CNXN - Free Report) - Investment analysts at Sidoti Csr raised their FY2025 earnings per share estimates for shares of PC Connection in a research report issued to clients and investors on Thursday, July 31st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $3.51 for the year, up from their prior forecast of $3.43. The consensus estimate for PC Connection's current full-year earnings is $3.33 per share.

PC Connection (NASDAQ:CNXN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. PC Connection had a return on equity of 9.74% and a net margin of 2.97%. The firm had revenue of $759.69 million during the quarter, compared to analyst estimates of $774.66 million.

Separately, Wall Street Zen lowered PC Connection from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

PC Connection Stock Down 1.2%

Shares of NASDAQ:CNXN traded down $0.71 during trading on Monday, reaching $59.73. 44,734 shares of the company traded hands, compared to its average volume of 105,155. The firm has a market cap of $1.52 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. The firm has a fifty day simple moving average of $64.95 and a 200 day simple moving average of $64.99. PC Connection has a 1-year low of $56.72 and a 1-year high of $77.19.

PC Connection Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 12th. PC Connection's dividend payout ratio (DPR) is currently 18.29%.

Insider Transactions at PC Connection

In related news, CEO Timothy J. Mcgrath sold 5,440 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $67.05, for a total value of $364,752.00. Following the completion of the sale, the chief executive officer directly owned 260,387 shares in the company, valued at approximately $17,458,948.35. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack L. Ferguson sold 1,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $66.32, for a total value of $66,320.00. Following the sale, the director owned 66,055 shares of the company's stock, valued at $4,380,767.60. The trade was a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,005 shares of company stock valued at $2,205,614. 55.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PC Connection

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in PC Connection by 74.3% in the 2nd quarter. Parallel Advisors LLC now owns 448 shares of the company's stock worth $29,000 after buying an additional 191 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of PC Connection by 23,450.0% during the first quarter. Farther Finance Advisors LLC now owns 471 shares of the company's stock worth $30,000 after buying an additional 469 shares during the period. Russell Investments Group Ltd. lifted its position in shares of PC Connection by 6,900.0% during the 1st quarter. Russell Investments Group Ltd. now owns 980 shares of the company's stock valued at $61,000 after buying an additional 966 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in PC Connection by 143.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the company's stock valued at $77,000 after purchasing an additional 657 shares during the period. Finally, CWM LLC raised its position in PC Connection by 67.4% in the 1st quarter. CWM LLC now owns 1,637 shares of the company's stock valued at $102,000 after purchasing an additional 659 shares in the last quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.