PC Connection (NASDAQ:CNXN - Get Free Report) will be releasing its earnings results after the market closes on Wednesday, May 1st. Analysts expect PC Connection to post earnings of $0.66 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
PC Connection (NASDAQ:CNXN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The business had revenue of $696.47 million for the quarter, compared to analysts' expectations of $673.51 million. PC Connection had a return on equity of 10.55% and a net margin of 2.92%. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
PC Connection Price Performance
Shares of NASDAQ CNXN traded down $0.06 during mid-day trading on Wednesday, hitting $64.98. The company's stock had a trading volume of 50,866 shares, compared to its average volume of 70,838. PC Connection has a one year low of $38.13 and a one year high of $70.55. The company's fifty day simple moving average is $65.35 and its 200-day simple moving average is $63.11. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.79 and a beta of 0.66.
PC Connection Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Monday, February 26th. This is a positive change from PC Connection's previous quarterly dividend of $0.08. PC Connection's payout ratio is currently 12.66%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised PC Connection from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 18th.
View Our Latest Analysis on CNXN
About PC Connection
(
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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.
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