NASDAQ:CNXN

PC Connection (CNXN) Stock Forecast, Price & News

$46.08

+0.23 (+0.50%)

(As of 06/9/2023 ET)

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Today's Range: $45.59
▼
$46.20
50-Day Range: $38.59
▼
$46.79
52-Week Range: $37.76
▼
$56.68

Volume: 32,588 shs
Average Volume: 66,742 shs
Market Capitalization: $1.21 billion

P/E Ratio: 14.91
Dividend Yield: 0.69%
Price Target: N/A

PC Connection MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
2.17% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.70
Based on 5 Articles This Week
Insider Trading: Selling Shares
$27,756 Sold Last Quarter
Proj. Earnings Growth: 16.44%
From $2.92 to $3.40 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Retail/Wholesale Sector

43rd out of 207 stocks

Catalog & Mail - Order Houses Industry

3rd out of 14 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for PC Connection.

2.0

Short Interest

Percentage of Shares Shorted
2.17% of the float of PC Connection has been sold short.
Short Interest Ratio / Days to Cover
PC Connection has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in PC Connection has recently increased by 3.32%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
PC Connection has a dividend yield of 0.70%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
PC Connection does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PC Connection is 10.36%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PC Connection will have a dividend payout ratio of 9.41% next year. This indicates that PC Connection will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNXN.

2.1

News and Social Media Coverage

News Sentiment
PC Connection has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for PC Connection this week, compared to 2 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PC Connection insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,756.00 in company stock.
Percentage Held by Insiders
56.90% of the stock of PC Connection is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
42.51% of the stock of PC Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PC Connection are expected to grow by 16.44% in the coming year, from $2.92 to $3.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PC Connection is 14.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of PC Connection is 14.91, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.74.
Price to Book Value per Share Ratio
PC Connection has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PC Connection (NASDAQ:CNXN) Stock

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. The company also provides services comprising design, configuration, and implementation of IT solutions. In addition, publishes Connected, a quarterly publication that provides informative articles on the latest technologies and industry trends; distributes specialty catalogs to education, healthcare, and government customers; and MacConnection that publishes a catalog for the Apple market. The company markets its products and services through its Websites, such as connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses (SMBs) comprising small office/home offices customers; government and educational institutions; and medium-to-large corporate accounts through outbound telemarketing and field sales and marketing programs targeted to specific customer populations, as well as through digital, Web, and print media advertising. PC Connection, Inc. was founded in 1982 and is headquartered in Merrimack, New Hampshire.

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CNXN Stock News Headlines

June 7, 2023 | americanbankingnews.com

PC Connection, Inc. (NASDAQ:CNXN) Chairman Patricia Gallup Sells 600 Shares of Stock

June 1, 2023 | finance.yahoo.com

Connection Announces Third Annual IT Superhero Awards

June 10, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

May 26, 2023 | finance.yahoo.com

Is PC Connection, Inc.'s (NASDAQ:CNXN) Recent Stock Performance Tethered To Its Strong Fundamentals?

May 26, 2023 | americanbankingnews.com

Meiwu Technology (NYSE:WNW) and PC Connection (NASDAQ:CNXN) Financial Survey

May 18, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on PC Connection (NASDAQ:CNXN)

May 15, 2023 | msn.com

Looking Into PC Connection's Return On Capital Employed

May 15, 2023 | americanbankingnews.com

Analyzing Boxed (NYSE:BOXDQ) and PC Connection (NASDAQ:CNXN)

June 10, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

May 10, 2023 | finance.yahoo.com

Connection Honored at HP Partner Conference

May 10, 2023 | msn.com

Friday Is Your Last Chance To Buy PC Connection Before The Dividend Payout

May 9, 2023 | finance.yahoo.com

PC Connection, Inc. (NASDAQ:CNXN) Q1 2023 Earnings Call Transcript

May 6, 2023 | msn.com

PC Connection (CNXN) Declares $0.08 Dividend

May 4, 2023 | msn.com

Recap: PC Connection Q1 Earnings

May 4, 2023 | finance.yahoo.com

Connection (CNXN) Reports First Quarter 2023 Results

April 27, 2023 | technews.tmcnet.com

Connection Named to Newsweek's Most Trustworthy Companies in America 2023 List

April 27, 2023 | finance.yahoo.com

Connection Named to Newsweek’s Most Trustworthy Companies in America 2023 List

April 26, 2023 | finance.yahoo.com

Is PC Connection, Inc. (NASDAQ:CNXN) Trading At A 40% Discount?

April 21, 2023 | msn.com

W. R. Berkley, Autoliv, Glacier Bancorp And Other Big Stocks Moving Lower On Friday

April 21, 2023 | americanbankingnews.com

PC Connection (NASDAQ:CNXN) Sees Strong Trading Volume

April 20, 2023 | finance.yahoo.com

PC Connection, Inc. (CNXN) to Release First Quarter Results for 2023 and Provides Selected Preliminary Financial Results

March 30, 2023 | seekingalpha.com

PC Connection: Will Likely Weather The Storm Just Fine

March 23, 2023 | finance.yahoo.com

PC Connection, Inc. (NASDAQ:CNXN) is definitely on the radar of institutional investors who own 43% of the company

March 16, 2023 | finance.yahoo.com

13 Best Depressed Stocks To Buy Now

February 20, 2023 | finance.yahoo.com

Those who invested in PC Connection (NASDAQ:CNXN) five years ago are up 78%

February 13, 2023 | insidermonkey.com

PC Connection, Inc. (NASDAQ:CNXN) Q4 2022 Earnings Call Transcript

February 9, 2023 | finance.yahoo.com

PC Connection (CNXN) Lags Q4 Earnings and Revenue Estimates

See More Headlines

CNXN Price History

30 days | 90 days | 365 days | Advanced Chart

CNXN Company Calendar

Last Earnings: 11/04/2021
Ex-Dividend for 6/2 Dividend: 5/15/2023
Dividend Payable: 6/02/2023
Today: 6/10/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Catalog & mail-order houses
Sub-Industry: Technology Distributors
Sector: Retail/Wholesale
Current Symbol: NASDAQ:CNXN
CUSIP: 69318J10
CIK: 1050377
Web: www.connection.com
Phone: 603-683-2000
Fax: 603-683-5797
Employees: 2,685
Year Founded: 1982

Profitability

EPS (Most Recent Fiscal Year): $3.09
Trailing P/E Ratio: 14.91
Forward P/E Ratio: 15.78
P/E Growth: N/A
Net Income: $89.22 million
Net Margins: 2.66%
Pretax Margin: 3.62%
Return on Equity: 10.86%
Return on Assets: 7.35%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.06
Quick Ratio: 2.43

Sales & Book Value

Annual Sales: $3.13 billion
Price / Sales: 0.39
Cash Flow: $3.87 per share
Price / Cash Flow: 11.91
Book Value: $29.15 per share
Price / Book: 1.58

Miscellaneous

Outstanding Shares: 26,280,000
Free Float: 11,326,000
Market Cap: $1.21 billion
Optionable: Optionable
Beta: 0.76

Social Links

Key Executives

Ms. Patricia Gallup (Age 64)
Co-Founder, Chairman, Chief Admin. Officer & Sec.

Mr. Timothy J. McGrath (Age 59)
Pres & CEO

Mr. Stephen P. Sarno (Age 51)
Sr. VP, CFO & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNXN Stock - Frequently Asked Questions

How have CNXN shares performed in 2023?: PC Connection's stock was trading at $46.90 at the start of the year. Since then, CNXN shares have decreased by 1.7% and is now trading at $46.08.
View the best growth stocks for 2023 here.
When is PC Connection's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CNXN earnings forecast.
How were PC Connection's earnings last quarter?: PC Connection, Inc. (NASDAQ:CNXN) announced its quarterly earnings results on Thursday, November, 4th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. The firm had revenue of $751.37 million for the quarter, compared to analysts' expectations of $725.17 million. PC Connection had a trailing twelve-month return on equity of 10.86% and a net margin of 2.66%. During the same period in the prior year, the business posted $0.64 EPS.
How often does PC Connection pay dividends? What is the dividend yield for PC Connection?: PC Connection declared a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 16th will be paid a dividend of $0.08 per share on Friday, June 2nd. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, May 15th.
Read our dividend analysis for CNXN.
What ETFs hold PC Connection's stock?: ETFs with the largest weight of PC Connection (NASDAQ:CNXN) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Timothy Plan US Small Cap Core ETF (TPSC) and First Trust Active Factor Small Cap ETF (AFSM).Vanguard U.S. Minimum Volatility ETF (VFMV).
Is PC Connection a good dividend stock?: PC Connection (NASDAQ:CNXN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.70%. The dividend payout ratio is 10.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXN will have a dividend payout ratio of 9.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXN.
What guidance has PC Connection issued on next quarter's earnings?: PC Connection updated its first quarter earnings guidance on Thursday, April, 20th. The company provided EPS guidance of $0.53-0.55 for the period, compared to the consensus earnings per share estimate of $0.66. The company issued revenue guidance of $717.39-733.16, compared to the consensus revenue estimate of $731.99 million.
What is Timothy McGrath's approval rating as PC Connection's CEO?: 194 employees have rated PC Connection Chief Executive Officer Timothy McGrath on Glassdoor.com. Timothy McGrath has an approval rating of 72% among the company's employees.

What other stocks do shareholders of PC Connection own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PC Connection investors own include Cisco Systems (CSCO), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Alphabet (GOOG), Johnson & Johnson (JNJ), Procter & Gamble (PG) and TD SYNNEX (SNX).
What is PC Connection's stock symbol?: PC Connection trades on the NASDAQ under the ticker symbol "CNXN."
Who are PC Connection's major shareholders?: PC Connection's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.59%), Dimensional Fund Advisors LP (7.15%), Mawer Investment Management Ltd. (6.12%), State Street Corp (1.68%), Geode Capital Management LLC (0.93%) and Charles Schwab Investment Management Inc. (0.85%). Insiders that own company stock include Barbara Duckett, Jack L Ferguson, Negrini David Beffa, Patricia Gallup and Timothy J Mcgrath.
View institutional ownership trends.
How do I buy shares of PC Connection?: Shares of CNXN 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.
Compare Top Brokerages Here.
What is PC Connection's stock price today?: One share of CNXN stock can currently be purchased for approximately $46.08.
How much money does PC Connection make?: PC Connection (NASDAQ:CNXN) has a market capitalization of $1.21 billion and generates $3.13 billion in revenue each year. The company earns $89.22 million in net income (profit) each year or $3.09 on an earnings per share basis.
How many employees does PC Connection have?: The company employs 2,685 workers across the globe.
Does PC Connection have any subsidiaries?: The following companies are subsidiares of PC Connection: ComTeq, GlobalServe, GlobalServe Inc., GovConnection, GovConnection Inc., Merisel Americas Inc., MoreDirect, MoreDirect Inc., Outpost.com, PC Connection Sales Corporation, Softmart, and ValCom Technology.
Read More
How can I contact PC Connection?: PC Connection's mailing address is 730 MILFORD RD, MERRIMACK NH, 03054. The official website for the company is www.connection.com. The company can be reached via phone at 603-683-2000, via email at ir@connection.com, or via fax at 603-683-5797.

This page (NASDAQ:CNXN) was last updated on 6/10/2023 by MarketBeat.com Staff

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