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 Stock Down 0.2 %
Shares of CDW Stock traded down $0.30 during mid-day trading on Thursday, hitting $175.71. 613,733 shares of the stock traded hands, compared to its average volume of 849,696. The stock has a market cap of $23.74 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.43 and a beta of 1.12. The company has a debt-to-equity ratio of 5.86, a current ratio of 1.30 and a quick ratio of 1.11. The stock's fifty day moving average is $166.98 and its two-hundred day moving average is $171.95. CDW has a 52-week low of $152.15 and a 52-week high of $208.71.
CDW (NASDAQ:CDW - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The information technology services provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.18. 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 analysts' expectations of $6.15 billion. During the same quarter last year, the company earned $1.92 EPS. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. Equities analysts predict 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. Investors of record on Thursday, August 25th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, August 24th. CDW's payout ratio is 27.21%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of CDW in a report on Thursday, May 5th. StockNews.com upgraded shares of CDW from a "hold" rating to a "buy" rating in a research note on Wednesday. Evercore ISI decreased their price target on shares of CDW from $250.00 to $210.00 and set an "outperform" rating on the stock in a report on Tuesday, June 28th. Stifel Nicolaus raised shares of CDW from a "hold" rating to a "buy" rating and increased their target price for the company from $200.00 to $210.00 in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. raised shares of CDW from a "neutral" rating to an "overweight" rating and set a $200.00 price target on the stock in a report on Thursday, July 14th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $214.83.