CDW (CDW) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CDW shares.
View CDW analyst ratings or view top-rated stocks.

8 brokerages have issued 1 year price targets for CDW's stock. Their CDW share price forecasts range from $185.00 to $230.00. On average, they anticipate the company's stock price to reach $205.63 in the next year. This suggests a possible upside of 21.6% from the stock's current price.
View analysts price targets for CDW or view top-rated stocks among Wall Street analysts.

CDW's stock was trading at $178.58 on January 1st, 2023. Since then, CDW shares have decreased by 5.3% and is now trading at $169.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CDW earnings forecast.

CDW Co. (NASDAQ:CDW) announced its earnings results on Wednesday, February, 8th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.02. The information technology services provider had revenue of $5.44 billion for the quarter, compared to analyst estimates of $6.19 billion. CDW had a trailing twelve-month return on equity of 90.20% and a net margin of 4.78%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 earnings per share.
Read the conference call transcript.

CDW announced a quarterly dividend on Wednesday, May 24th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.59 per share on Tuesday, June 13th. This represents a $2.36 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, May 24th.
Read our dividend analysis for CDW.

ETFs with the largest weight of CDW (NASDAQ:CDW) stock in their portfolio include Argent Mid Cap ETF (AMID), Hennessy Stance ESG Large Cap ETF (STNC), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), VictoryShares Nasdaq Next 50 ETF (QQQN), Invesco DWA Technology Momentum ETF (PTF), Fidelity Women's Leadership ETF (FDWM), ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Siren DIVCON Leaders Dividend ETF (LEAD).

CDW (NASDAQ:CDW) pays an annual dividend of $2.36 per share and currently has a dividend yield of 1.40%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 23.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDW.

CDW announced that its board has initiated a stock buyback program on Wednesday, February 8th 2023, which authorizes the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

CDW issued an update on its first quarter 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.10 billion-$5.10 billion, compared to the consensus revenue estimate of $5.56 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other CDW investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Accenture (ACN), Athabasca Oil (ATH), Intel (INTC), Zoetis (ZTS) and AutoZone (AZO).

CDW trades on the NASDAQ under the ticker symbol "CDW."

CDW's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.79%), FMR LLC (5.24%), Select Equity Group L.P. (4.18%), State Street Corp (3.92%), Mawer Investment Management Ltd. (2.42%) and Longview Partners Guernsey LTD (2.34%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy, Collin B Kebo, Donna F Zarcone and Frederick J Kulevich.
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Shares of CDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDW stock can currently be purchased for approximately $169.16.

CDW (NASDAQ:CDW) has a market capitalization of $22.80 billion and generates $23.75 billion in revenue each year. The information technology services provider earns $1.11 billion in net income (profit) each year or $7.98 on an earnings per share basis.

The company employs 10,600 workers across the globe.

CDW's mailing address is 75 TRI-STATE INTERNATIONAL, LINCOLNSHIRE IL, 60069. The official website for the company is www.cdw.com. The information technology services provider can be reached via phone at (847) 465-6000 or via email at investorrelations@cdw.com.