CDW (CDW) Scheduled to Post Earnings on Wednesday

CDW (NASDAQ:CDW) will be releasing its earnings data before the market opens on Wednesday, July 31st. Analysts expect CDW to post earnings of $2.40 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). CDW had a return on equity of 67.56% and a net margin of 5.16%. The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.94 billion. On average, analysts expect CDW to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

CDW Trading Up 0.7 %

Shares of NASDAQ:CDW opened at $231.39 on Tuesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13. The firm has a market capitalization of $31.10 billion, a P/E ratio of 28.89, a P/E/G ratio of 3.39 and a beta of 1.04. The business’s 50-day moving average is $226.39 and its 200 day moving average is $234.36. CDW has a 1 year low of $184.99 and a 1 year high of $263.37.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, May 23rd. CDW’s payout ratio is currently 30.96%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CDW shares. JPMorgan Chase & Co. lowered their price objective on shares of CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Citigroup reduced their price objective on CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Friday, June 7th. Barclays decreased their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price objective on shares of CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.11.

Insider Transactions at CDW

In related news, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the transaction, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

CDW Company Profile

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 and cloud capabilities across hybrid infrastructure, digital experience, and security.