Analysts Anticipate CDW (NASDAQ:CDW) Will Post Earnings of $1.58 Per Share

Equities analysts predict that CDW (NASDAQ:CDW) will post $1.58 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for CDW’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.48. CDW posted earnings of $1.42 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that CDW will report full-year earnings of $5.86 per share for the current fiscal year, with EPS estimates ranging from $5.75 to $6.01. For the next year, analysts forecast that the firm will report earnings of $6.35 per share, with EPS estimates ranging from $6.17 to $6.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow CDW.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.10. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.50 billion. CDW had a net margin of 4.07% and a return on equity of 82.78%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS.

Several equities research analysts recently issued reports on CDW shares. Deutsche Bank started coverage on shares of CDW in a report on Tuesday, June 11th. They issued a “buy” rating and a $113.00 target price for the company. ValuEngine lowered shares of CDW from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Bank of America started coverage on shares of CDW in a report on Tuesday, July 30th. They issued a “buy” rating and a $140.00 target price for the company. Zacks Investment Research raised shares of CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 target price for the company in a report on Tuesday, August 6th. Finally, Evercore ISI started coverage on shares of CDW in a report on Wednesday, June 5th. They issued an “outperform” rating and a $120.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. CDW currently has a consensus rating of “Buy” and an average target price of $118.13.

In other CDW news, insider Robert F. Kirby sold 1,300 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $109.90, for a total transaction of $142,870.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill M. Billhorn sold 500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $111.69, for a total transaction of $55,845.00. Following the sale, the insider now directly owns 14,755 shares of the company’s stock, valued at $1,647,985.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,374 shares of company stock valued at $21,721,725. Insiders own 2.25% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in CDW by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 890,811 shares of the information technology services provider’s stock valued at $72,196,000 after acquiring an additional 28,710 shares in the last quarter. Geode Capital Management LLC lifted its position in CDW by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 1,598,078 shares of the information technology services provider’s stock valued at $129,445,000 after acquiring an additional 169,507 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in CDW in the 1st quarter valued at $227,000. CWM LLC lifted its position in CDW by 1,119.5% in the 1st quarter. CWM LLC now owns 1,622 shares of the information technology services provider’s stock valued at $156,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Advisor Partners LLC acquired a new stake in CDW in the 1st quarter valued at $204,000. 92.69% of the stock is owned by institutional investors and hedge funds.

CDW stock traded down $4.29 during midday trading on Friday, hitting $112.23. The stock had a trading volume of 438,348 shares, compared to its average volume of 745,164. The firm’s fifty day moving average is $113.59 and its two-hundred day moving average is $104.28. The company has a market capitalization of $16.77 billion, a PE ratio of 22.01, a P/E/G ratio of 1.58 and a beta of 1.10. CDW has a 52-week low of $74.32 and a 52-week high of $120.82. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 3.57.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, August 23rd. CDW’s dividend payout ratio (DPR) is currently 23.14%.

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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Earnings History and Estimates for CDW (NASDAQ:CDW)

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