$0.98 Earnings Per Share Expected for CDW Corp (CDW) This Quarter

Brokerages expect that CDW Corp (NASDAQ:CDW) will post earnings of $0.98 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for CDW’s earnings, with estimates ranging from $0.95 to $0.99. CDW reported earnings per share of $0.86 during the same quarter last year, which suggests a positive year over year growth rate of 14%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that CDW will report full year earnings of $3.84 per share for the current financial year, with EPS estimates ranging from $3.80 to $3.89. For the next year, analysts anticipate that the business will post earnings of $4.28 per share, with EPS estimates ranging from $4.25 to $4.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for CDW.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year.

CDW has been the topic of a number of analyst reports. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Needham & Company LLC restated a “buy” rating and issued a $71.00 price objective on shares of CDW in a research report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of CDW in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of CDW from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, October 30th. Finally, Robert W. Baird reiterated a “buy” rating and set a $75.00 price target on shares of CDW in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.85.

In other news, insider Neal J. Campbell sold 2,400 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $59.78, for a total value of $143,472.00. Following the completion of the sale, the insider now directly owns 29,679 shares of the company’s stock, valued at $1,774,210.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Richards sold 15,207 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $66.25, for a total transaction of $1,007,463.75. The disclosure for this sale can be found here. Insiders sold 140,920 shares of company stock worth $9,320,618 over the last quarter. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Twin Capital Management Inc. purchased a new position in shares of CDW in the 3rd quarter worth $1,876,000. Achmea Investment Management B.V. grew its stake in shares of CDW by 25.0% in the 3rd quarter. Achmea Investment Management B.V. now owns 33,885 shares of the information technology services provider’s stock worth $2,233,000 after buying an additional 6,770 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of CDW by 110.9% in the 3rd quarter. Nordea Investment Management AB now owns 7,184 shares of the information technology services provider’s stock worth $474,000 after buying an additional 3,777 shares in the last quarter. ETRADE Capital Management LLC grew its stake in shares of CDW by 5.5% in the 3rd quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock worth $943,000 after buying an additional 748 shares in the last quarter. Finally, Renaissance Group LLC purchased a new position in shares of CDW in the 3rd quarter worth $2,478,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

CDW (CDW) traded up $1.00 during trading on Friday, reaching $70.14. 1,036,900 shares of the company’s stock traded hands, compared to its average volume of 813,077. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. The company has a market capitalization of $10,760.00, a P/E ratio of 19.53 and a beta of 1.06. CDW has a 1-year low of $50.49 and a 1-year high of $71.53.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from CDW’s previous quarterly dividend of $0.16. This represents a $0.84 annualized dividend and a yield of 1.20%. CDW’s dividend payout ratio (DPR) is presently 31.11%.

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About CDW

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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