Analysts Anticipate PCM, Inc. (PCMI) to Post $0.29 EPS

Brokerages forecast that PCM, Inc. (NASDAQ:PCMI) will post earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for PCM’s earnings. PCM posted earnings of $0.30 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.3%. The firm is scheduled to report its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that PCM will report full year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.90 to $1.98. For the next year, analysts forecast that the firm will report earnings of $2.20 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for PCM.

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PCM (NASDAQ:PCMI) last released its earnings results on Wednesday, March 7th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.39). The company had revenue of $563.45 million during the quarter, compared to analyst estimates of $580.75 million. PCM had a net margin of 0.14% and a return on equity of 11.33%.

A number of research analysts have recently issued reports on PCMI shares. Zacks Investment Research raised PCM from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. B. Riley set a $20.00 target price on PCM and gave the company a “buy” rating in a report on Thursday, January 4th. TheStreet lowered PCM from a “c” rating to a “d+” rating in a report on Thursday, March 8th. ValuEngine lowered PCM from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Roth Capital set a $15.00 target price on PCM and gave the company a “buy” rating in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. PCM has a consensus rating of “Hold” and an average target price of $12.00.

In related news, major shareholder Jb Capital Partners Lp bought 30,500 shares of the company’s stock in a transaction dated Friday, April 6th. The shares were acquired at an average price of $8.07 per share, with a total value of $246,135.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PCMI. Weber Alan W grew its holdings in PCM by 415.4% during the fourth quarter. Weber Alan W now owns 493,219 shares of the specialty retailer’s stock worth $4,883,000 after acquiring an additional 397,519 shares during the period. Kestrel Investment Management Corp grew its holdings in PCM by 1,232.8% during the fourth quarter. Kestrel Investment Management Corp now owns 199,925 shares of the specialty retailer’s stock worth $1,979,000 after acquiring an additional 184,925 shares during the period. State Street Corp acquired a new position in PCM during the second quarter worth $2,176,000. Pacific Ridge Capital Partners LLC grew its holdings in PCM by 39.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 398,597 shares of the specialty retailer’s stock worth $3,946,000 after acquiring an additional 113,040 shares during the period. Finally, Royce & Associates LP grew its holdings in PCM by 43.7% during the fourth quarter. Royce & Associates LP now owns 337,227 shares of the specialty retailer’s stock worth $3,339,000 after acquiring an additional 102,500 shares during the period. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:PCMI traded up $0.50 during trading on Monday, reaching $9.65. The company had a trading volume of 84,691 shares, compared to its average volume of 179,815. The firm has a market cap of $107.90, a P/E ratio of 8.94, a PEG ratio of 0.17 and a beta of 0.57. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26. PCM has a fifty-two week low of $6.90 and a fifty-two week high of $31.20.

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About PCM

PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.

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