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, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, and telecom services, as well as warranties; mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. The company was founded in 1984 and is headquartered in Vernon Hills, Illinois.
CDW Price Performance
CDW Stock traded down $0.93 during midday trading on Wednesday, reaching $182.62. The company had a trading volume of 943,034 shares, compared to its average volume of 850,633. The company has a market capitalization of $24.67 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.50 and a beta of 1.12. CDW has a 12-month low of $152.15 and a 12-month high of $208.71. The firm's fifty day simple moving average is $167.46 and its 200-day simple moving average is $171.88. The company has a debt-to-equity ratio of 5.86, a current ratio of 1.30 and a quick ratio of 1.11.
CDW (NASDAQ:CDW - Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The information technology services provider reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.05. CDW had a net margin of 4.41% and a return on equity of 132.68%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.15 billion. During the same period last year, the company posted $1.92 EPS. CDW's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts anticipate that CDW will post 9.22 EPS for the current year.
CDW Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, August 25th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 24th. CDW's dividend payout ratio (DPR) is 27.21%.
Analysts Set New Price Targets
Several brokerages have weighed in on CDW. William Blair reaffirmed an "outperform" rating on shares of CDW in a research report on Thursday, May 5th. StockNews.com raised shares of CDW from a "hold" rating to a "buy" rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. raised shares of CDW from a "neutral" rating to an "overweight" rating and set a $200.00 target price on the stock in a research note on Thursday, July 14th. Credit Suisse Group began coverage on shares of CDW in a research note on Tuesday. They set an "outperform" rating and a $202.00 target price on the stock. Finally, Evercore ISI lowered their target price on shares of CDW from $250.00 to $210.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 28th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $213.00.