CDW (CDW) to Release Quarterly Earnings on Wednesday

CDW (NASDAQ:CDW - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect CDW to post earnings of $2.04 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.01. CDW had a return on equity of 73.93% and a net margin of 5.17%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the firm earned $2.40 EPS. CDW's quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts expect CDW to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

CDW Stock Up 0.1 %

Shares of CDW traded up $0.22 on Wednesday, hitting $240.69. The company's stock had a trading volume of 450,554 shares, compared to its average volume of 695,911. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 2.69 and a beta of 1.09. The firm's fifty day moving average price is $247.19 and its 200-day moving average price is $228.12. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 2.46. CDW has a fifty-two week low of $162.59 and a fifty-two week high of $263.37.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, February 23rd. CDW's payout ratio is 30.62%.

CDW announced that its board has approved a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on CDW. JPMorgan Chase & Co. boosted their target price on CDW from $267.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Barclays boosted their target price on CDW from $219.00 to $261.00 and gave the company an "equal weight" rating in a research note on Thursday, February 8th. Citigroup boosted their target price on CDW from $255.00 to $295.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Finally, Evercore ISI upped their price objective on CDW from $250.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $242.67.

CDW Company Profile

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.