PC Connection (CNXN) Projected to Post Earnings on Wednesday

PC Connection (NASDAQ:CNXN - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $774.66 million for the quarter.

PC Connection (NASDAQ:CNXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.18. PC Connection had a net margin of 3.04% and a return on equity of 9.95%. The firm had revenue of $701.05 million during the quarter, compared to analyst estimates of $646.37 million. 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 Trading Down 1.3%

NASDAQ CNXN traded down $0.86 during trading hours on Friday, reaching $64.00. The company had a trading volume of 71,215 shares, compared to its average volume of 59,830. The stock has a 50-day moving average of $65.77 and a 200 day moving average of $65.46. PC Connection has a 1-year low of $56.82 and a 1-year high of $77.19. The stock has a market capitalization of $1.63 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.87 and a beta of 0.69.

PC Connection Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Tuesday, May 13th. PC Connection's payout ratio is 18.18%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of PC Connection from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th.

Insiders Place Their Bets

In other PC Connection news, CEO Timothy J. Mcgrath sold 26,565 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.80, for a total value of $1,774,542.00. Following the transaction, the chief executive officer directly owned 265,827 shares in the company, valued at approximately $17,757,243.60. This represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack L. Ferguson sold 1,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $66.32, for a total transaction of $66,320.00. Following the completion of the transaction, the director owned 66,055 shares in the company, valued at approximately $4,380,767.60. This trade represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,005 shares of company stock worth $2,205,614. Corporate insiders own 55.20% of the company's stock.

Institutional Trading of PC Connection

A number of institutional investors and hedge funds have recently bought and sold shares of CNXN. Millennium Management LLC grew its position in PC Connection by 98.8% in the first quarter. Millennium Management LLC now owns 115,237 shares of the company's stock valued at $7,193,000 after acquiring an additional 57,257 shares in the last quarter. Amundi bought a new position in PC Connection during the first quarter worth $519,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PC Connection by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,900 shares of the company's stock worth $431,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 42.85% of the company's stock.

About PC Connection

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.