Computacenter (LON:CCC) Announces Earnings Results

Computacenter (LON:CCC) announced its quarterly earnings data on Wednesday. The company reported GBX 161.50 ($2.09) EPS for the quarter, Digital Look Earnings reports. Computacenter had a net margin of 2.64% and a return on equity of 17.61%.

Computacenter Price Performance

Shares of LON CCC opened at GBX 2,610 ($33.84) on Friday. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The firm has a market cap of £2.77 billion, a PE ratio of 17.46, a PEG ratio of 6.99 and a beta of 0.71. Computacenter has a one year low of GBX 2,020 ($26.19) and a one year high of GBX 3,004 ($38.95). The firm has a fifty day moving average of GBX 2,232.15 and a 200 day moving average of GBX 2,286.03.

Computacenter Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be paid a GBX 474 ($6.15) dividend. The ex-dividend date is Thursday, June 5th. This represents a yield of 1.83%. This is a boost from Computacenter’s previous dividend of $23.30. Computacenter’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCC. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,400 ($44.09) price target on shares of Computacenter in a research report on Tuesday, December 17th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 ($31.44) price objective on shares of Computacenter in a research report on Tuesday.

About Computacenter

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.