$4.24 Billion in Sales Expected for CDW (CDW) This Quarter

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Equities analysts predict that CDW (NASDAQ:CDW) will report sales of $4.24 billion for the current quarter, according to Zacks. Five analysts have provided estimates for CDW’s earnings. The highest sales estimate is $4.29 billion and the lowest is $4.21 billion. CDW reported sales of $4.03 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The firm is scheduled to issue its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that CDW will report full year sales of $16.04 billion for the current year, with estimates ranging from $16.00 billion to $16.15 billion. For the next financial year, analysts expect that the business will report sales of $16.94 billion, with estimates ranging from $16.84 billion to $17.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover CDW.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.16 billion. CDW had a net margin of 3.99% and a return on equity of 71.09%. CDW’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS.

CDW has been the subject of several research analyst reports. Needham & Company LLC increased their price objective on shares of CDW from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Morgan Stanley increased their price objective on shares of CDW from $78.00 to $89.00 and gave the company an “equal weight” rating in a research report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $92.00 price objective on shares of CDW in a research report on Monday, July 23rd. Northcoast Research reaffirmed a “buy” rating and issued a $93.00 price objective on shares of CDW in a research report on Friday, July 20th. Finally, Zacks Investment Research raised shares of CDW from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CDW presently has a consensus rating of “Buy” and a consensus price target of $87.00.

Shares of CDW stock traded up $0.52 during midday trading on Friday, hitting $88.92. The company had a trading volume of 648,600 shares, compared to its average volume of 827,752. The firm has a market capitalization of $13.42 billion, a P/E ratio of 22.92 and a beta of 1.06. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 3.00. CDW has a 12-month low of $65.59 and a 12-month high of $90.50.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Friday, August 24th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $0.84 annualized dividend and a yield of 0.94%. CDW’s dividend payout ratio (DPR) is presently 21.65%.

In other news, insider Christine A. Leahy sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $84.08, for a total transaction of $1,471,400.00. Following the sale, the insider now owns 79,288 shares of the company’s stock, valued at approximately $6,666,535.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas E. Eckrote sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $85.33, for a total transaction of $853,300.00. Following the sale, the insider now directly owns 166,915 shares in the company, valued at approximately $14,242,856.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,360 shares of company stock worth $10,546,965. 2.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CDW. Private Capital Group LLC grew its stake in shares of CDW by 351.3% during the 1st quarter. Private Capital Group LLC now owns 1,426 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 1,110 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of CDW during the 1st quarter worth approximately $159,000. Stratos Wealth Partners LTD. grew its stake in shares of CDW by 469.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,587 shares of the information technology services provider’s stock worth $182,000 after purchasing an additional 2,133 shares during the period. Bank of Hawaii acquired a new stake in shares of CDW during the 2nd quarter worth approximately $209,000. Finally, Profund Advisors LLC acquired a new stake in shares of CDW during the 1st quarter worth approximately $211,000. 89.17% of the stock is currently owned by institutional investors and hedge funds.

About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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